Originally Posted by
capitalist pig
I posted my trades here for awhile several years ago, but I dont think most here have enough $ to play the markets effectively, if you dont have at least 50k to to be trading with, you probably dont stand much of a chance with capital gains taxes, market maker fees, level 2 fees, and you cant trade stocks daily without having level 2 access to all the market makers, I trade out of a IRA so I dont have to worry about taxes. Having said that, Im retired and all I do is trade stocks, not on a daily basis, but I do make around 10 trades a month.
I will throw one out there, COWN Id buy it if it gets around 3.52 give or take 2 cents either direction, with a stop loss at 3.39 if you take the position, then a sell price at 3.68-3.70, I buy 5000 share lots so if I got stopped out Id loose around $650, if it hits my sell price Id show a profit of around $900, Id also move my stop loss up to $3.65 protecting my profits in case it broke out to the 3.80 range,JMO.
If you study charts like I do, a person could have made this same trade between 3.52 and 3.70 3 times in the last 5 trading days, I made it once already in the last 5 days, with a new open buy order today at 3.52, order just filled.
Later