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Online Share Trading

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Range Traders?

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Limitless
Contributor
Hi Traders What are your range traders. Eg: 1. Oceana - Buy 46, Sell 49 2. ? 3. ?
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3 REPLIES 3
Limitless
Contributor
2. Naspers - 43500, 47500
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Not applicable
range trading on stocks is illogical. You are quoting ranges of less than 4% move in the stock. Your transaction costs, slippage and interest will eat up half of that straight away - and the one day the stock moves against you, you will lose all your meagre gains. It is better suited for massively liquid low cost instruments like currencies and index futures
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THRESHOLD
Super Contributor
And if you think you can trade a company like OCEANA, you need to re-think your approach. SKAAPTJOP - leave the nice traders alone. They have a plan.
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