StockFetcher Forums · Stock Picks and Trading · Get Rich or Go Broke Trying<< 1 2 >>Post Follow-up
ThaGekko
139 posts
msg #128944
Ignore ThaGekko
6/5/2016 9:01:31 AM

Starting a new log with a new strategy.

Starting with 5K

6/3/2016 Entered REED with 1570 shares @ $3.18

ThaGekko
139 posts
msg #128959
Ignore ThaGekko
6/6/2016 2:03:39 PM

Exited 3.24... Sorry for the late note but I've been on the golf course all afternoon

ThaGekko
139 posts
msg #128962
Ignore ThaGekko
6/6/2016 9:00:45 PM

Again, sorry for the late post, but I opened a new position while I was waiting to tee off.

New position TTNP 931 shares @ $5.36

ThaGekko
139 posts
msg #128967
Ignore ThaGekko
6/7/2016 9:51:07 AM

looking for an exit of 5.46 - almost hit this morning off the bat

graftonian
430 posts
msg #128970
Ignore graftonian
modified
6/7/2016 11:57:29 AM

All good things come to those who wait (and watch). Just saw 5.47 fly by
********************************
Half hour later 5.94, OK, How?

ThaGekko
139 posts
msg #128972
Ignore ThaGekko
6/7/2016 12:48:32 PM

I exited at 5.46 around noon. I'm trading a new strategy and taking my winnings - not holding for more than a day and running to the next one. Yes, TTNP did wind up hitting 5.98 - but I'll take my winnings and find the next popper.

I'll take 2% each day hopefully - some might run higher, others maybe not - but I take my winnings. 2% is my exit strategy - set it and forget it. Great when you're on the golf course!

graftonian
430 posts
msg #128975
Ignore graftonian
modified
6/7/2016 2:10:41 PM

Great job, congrats
*******************
I meant to ask, what % of initial 5K is each position?
I have been working with my wifes small IRA, and with conservative position size, the commissions are eating up a good percentage of the profit.

ThaGekko
139 posts
msg #128978
Ignore ThaGekko
modified
6/7/2016 2:33:20 PM

100% goes into each one. Risky, I know - but like you said anything below that you get basically nothing in return.

The issue is trying to get in and out of some of these lower volume stocks.
***********************************************************
I figured that 5K was a good base as 2% gets you ~$100 each day (hopefully) and if it goes against you it isn't too tough to swallow. Plus you can get in and out pretty easy on lower volume stocks.

ThaGekko
139 posts
msg #128981
Ignore ThaGekko
modified
6/7/2016 4:03:58 PM

No play tomorrow for me... too many stocks are riding this wave up. Happy trading to everyone tomorrow!

ThaGekko
139 posts
msg #129011
Ignore ThaGekko
6/8/2016 3:59:07 PM

Entered BPTH @ $2.50

StockFetcher Forums · Stock Picks and Trading · Get Rich or Go Broke Trying<< 1 2 >>Post Follow-up

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