Couldn't have called it more perfect than that!!
AHD up 40% this morning on the bullish pennant breakout. I bought some yesterday before the close and I've added to half my position this morning at $3.80. My target for this is $4.50. Stay tuned!
AHD up 40% this morning on the bullish pennant breakout. I bought some yesterday before the close and I've added to half my position this morning at $3.80. My target for this is $4.50. Stay tuned!
Comments
I don't work well without numbers =) Your answer better not be "I just feel it" or you are a goddamn finance hippie.
I size my positions based on how much $ risk I am comfortable losing on a trade (its different for each person) and I divide that by the entry price-stop price. That tells how many shares to buy. That way, when the stock closes below my stop I am out and I know I will not be making any emotional decisions because I have taken on too big of a position. I recommend sizing your positions based on 1-5% of your portfolio value so that you don't blow up your portfolio.
Methodology is just from experience and learnt through trading and chart reading. I have seen some patterns form over and over and they hit most of the time. No target is set in stone. Trading is an ART, not a science!! You have to be flexible in your trading, but you also have to have some structure and plan an exit as well to make you money over the long run.
And yes, I am a finance hippy and a trading god!