Well 4 charts to show the risk and the reward, remember good traders (even speculative risk/reward junkies like myself) focus on what they could lose before the lok at what they could gain.....with a punt with a small investment or lose change this could just deliver.....either way is shows that that a chartist (or chancer) really can show people how a stock can be bullish or bearish or both on different timeframes.....for me this is worth the "gamble" but that doesn't mean it is free from risk....remember when support goes it's usually 20% lower...but many small oil plays have re-rated recently and some have doubled and trebled....so from that perspective I think the 20-30 risk is acceptable if it does gap below 19p etc....you guys n gals press the button!
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Tradesmarter
Tradesmarter has not set their biography yet
Well we have all read "the rules" and there are thousands of these types of things out there, but these are personal to me through my journey the past few years and thought I would put "pen to paper" for a change...Now I'm not perfect, still make wads of mistakes, I'm high risk, go against the heard and the trend, but learning when to hold them and when to fold them is what I've tried hard to learn the past few years....I've taken big losses and recently started making bigger gains, whilst still having the occasional -30% shocker.....this is more about "common sense" than absoloute techncial trading but it's good now and then to remind yourslef of who you are and have you really put into practise what you have learned?......I know I've got progressively better and hope you all have as well....anyway a few bits n bobs of what I've learn't (there's...
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VIDEO THIS WEEK AT BOTTOM GIVES BULL AND BEAR CASE
(I'm bullish long term but wanting bear case for short term entry..cheeky!)
As always click on chart several times to "maximise screen"
Tab down etc for the VIDEO....(if you want to learn anything)
The trade idea
Whilst XEL has it's many fans and supporters my view this week is to "await cheeky entry"
both the bull case (still entact) and the bear case (quite possible)
This could be 140 or 64p so as always view both risk/reward and don't leverage
To limit risk I'm looking at tranche buying again if we see my prefered entry
What's my entry and exit targets...well watch the video
apologies again for the dodgy scots twang
I'm seeing plenty of aim stock that look like their starting to approach the bottom
But for now I'm waiting a few more days,weeks or till Dec before commting...
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