I really don’t do short term trading and watch support or resistance on charts. I just use the software to find the best percent performers on a 6 mo or 3 mo etc. Then I pick one if it has a p/e and or a div, and a decent market cap, and buy a small amount in case it goes down its a minor loss. If it goes up and I see 6%, I double the shares and then see 3%. If it goes up more, and I see padding I double the shares again. In fact I did that today, I bought a small amount of NUE, it went under a little, then came up, I saw 6% on 30 shares, so bought 30 more. Actually I spread $9,000 in three steel miners. One went under a little, one broke even and the NUE one went up 6%. So I’m watching. I evolved into a momentum player, but do have a very old long term positions like AGI CDE SAND and AG.
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.