The Rokslide Stock Traders Thread

[Beendare]

FWIW, What do you think about UMC? [Semi Fab]

I picked up some this week. It's bumping down along its yearly low. They are finishing a facility in Singapore that will expand production and moving into smaller architecture. They are small and It seems they have had some misses...while competitor TSM [I also own] increased sales by 35%.

My thought is with a couple good contracts, this $6 stock could be a double or more in a couple years. OR it could be just a commodity business that slogs along.
Thoughts?

 

[Marshfly]

I'm about to learn. I've done the patterning on half a dozen stocks in the last 2 weeks and it all did work on paper.

Then day one of trying it, the stock did exactly what it wasn't supposed to do and dropped. I had to wait a week to get it where I wanted to sell it. I still made money just not as quickly as I was hoping.


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You need to have a stop loss set BEFORE entering the trade. Based on the chart decide at what point the trade failed. How much loss is that per share? Divide your total budgeted risk by that amount and that's your sizing. Anything else is gambling.

People that make money long term as traders learn to cut losers fast. You make money by learning how to lose well. Not by trying to win every trade.

 

[grfox92]

You need to have a stop loss set BEFORE entering the trade. Based on the chart decide at what point the trade failed. How much loss is that per share? Divide your total budgeted risk by that amount and that's your sizing. Anything else is gambling.

People that make money long term as traders learn to cut losers fast. You make money by learning how to lose well. Not by trying to win every trade.

Good info, thanks.

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[NDGuy]

If anyone wants in on a solid pump and dump trumpcoin just launched

 

[NDGuy]

Melania coin too. Oh boy oh boy

 

[MountainTracker]

If anyone wants in on a solid pump and dump trumpcoin just launched

Been watching it since it dropped yesterday, been pumping. I’ll stay away thanks


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