Timing ...Farming a trade ....got to be there on open
Yes shasta great minds think alike >>
Another lesson >>On Trading strategies >>FARMING a Trade
.1#..Farming a trade(scalping) = intraday/swing trading .....
Now farming a trade is where I like the company but I believe I can take the profit during the day usually around open and buy back in lower again later in the day or maybe the next >>
-Doesn't always work >> but end of the day if your target is say $700-$1000 profit for only days holding it's not the end of the world if you miss out on another couple of %.... >>>
This week alone I've missed out on two great intraday trades .
.... RLE going from mid 8's to over 10c to then back to 9c
....RSG from the 1.04 to 1.09 today ....
Both times be away having lunch with family >> always the F'n way!!
Now the above trades may not seem that exciting ...But had I been in front of my screen instead of away
I would have made $4500 from the 50k invested and best of all I would have been back into the same companies to do it all again fornot much more than I originally paid>>>>
This is why I love trading over investing >>
and yes I'm pissed about missing the trades
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