I have a done courses in investing and read all the articles i can handle on the internet, but there is one fundamental thing these courses and articles dont so.. they dont provide a list of strategies and the risk associated with them. For example stop losses... what stop loss are you using? What is the most effective strategy?? or is a cardinal sin to ask an investor that???
No its not,i use fixed stop -losses,as i find they are more stable in a rising volatile market....Trailing stop-losses might shoot up ,then in with in minutes fall to the original price at which u are taken out,then leave u scrambling to get back in....I set mine after 9pm each evening at a 20% discount to the price (after SBK has set the prices of warrants correct)...Discipline is necessary as i never lower a stoploss, only up it as the price moves up....If a share looks like its going to be taken out by a falling warrant,the urge to give it another chance becomes strong to lower the stop! Don't as it wil usually falls much further down.! ....Try to sell when u think there is no more upside.
they don't provide detailed strategies coz it is different for every person .. my old trading course gave a detailed trading strategy and I presented it to thousands of people .. I figure maybe 2 peopel actyually trade it .. You gotto work your own strategy ..
thanks for the replies... its interesting about the stop loss... i feel the urge to decrease it, often to the point where i have to forceably log myself out of the system :) im like a bouncer escorting my drunken out of control self out of a club!!! haha im just also scared of being to greedy :) i must say the stock market is such a jol!!! im not doing this for an income, just for fun and to make some money, but it is really exciting and keeps you informed about whats happening in th world!!