Well im thinking to go long again on chinese stocks.(SNP) 1/4 margin....i hope for either a small pulback or a dailly breakout, tp +7%, sl -2%....or aprox
tp 117, sl 106....
tp 117, sl 106....
its just money
Trading Room; 1KT 26 replies
DislikedWell i think we the "others" deserve to have this tread, since we cant participate in the expirenced forum, due to not having 1ktrades or not being voted by 2 1kt members, so i created one.
Well im thinking to go long again on chinese stocks.(SNP) 1/4 margin....i hope for either a small pulback or a dailly breakout, tp +7%, sl -2%....or aprox
tp 117, sl 106....Ignored
DislikedHello de123,
You took a good position and I wish you a good profit.
My personal Chinese favorite is Sinopec -because I think it moves sooo smoothly and pays sooo easy money-.
It's good to see such a post here, because to me money is the same, no matter how you make them (stocks, derivatives, bonds, or forex).
Do you also trade the options of the stocks you play?
Have a good profit!!
Bye for now,
LeoIgnored
DislikedHello de123,
You took a good position and I wish you a good profit.
It's good to see such a post here, because to me money is the same, no matter how you make them (stocks, derivatives, bonds, or forex).
LeoIgnored
DislikedLeo...yes i was in good profit, but i didnt had the guts to make a swing...i know i should,...but looking in the past is far more easier then in future...
same here, making money has never been easy, so no matter if stocks or forex or futures...Ignored
DislikedLeo...yes i was in good profit, but i didnt had the guts to make a swing...i know i should,...but looking in the past is far more easier then in future...
same here, making money has never been easy, so no matter if stocks or forex or futures...Ignored
DislikedAnyway, about your postion with SNP, what I see is that the security is at a crossroad.
Your low risk entry would be at 100.57 (the close of 22/8/2007). That day opened with a gap, so your up move would have AT LEAST 3 trading days of up movement (as it had 3 up days before the gap formation). You could have exited on the 4th day, with a good profit.
At this moment, in my opinion you have 2 options:
-If SNP close higher than 111.32, it's a buy.
-If it closes below 104, then it's a sell.
If it stays between these boundaries, it's a NO TRADE.
-My last concern is that, because the security has already risen 16%-17% (from 17/8 until 27/8), any further up move should be closely monitored.Ignored
Dislikedwell i dont have position yet....i think the consolidation is coming to the end, and so today i expect a dailly breakout, both dailly and weekly stohastics shows, that buyers are very agressive, and today i expect a dailly breakout so if that happens to be the fact ill go in...if i wont chiken my self...i hope i will not... lets see..Ignored
DislikedBy the way,
the price for SNP October Call (strike 115) is 2.33$/contract.
I wonder how much one could make by bying it now, if SNP advances...
hmmm.....Ignored