Thursday, 23 Feb 2017

Some gems from @RollyTrader today

1. Former leading names very rarely lead in the next cycle. Most of the time it'll take 3 years  or over to re-set. Stale money = left hand side = lower probability
2. If you trades dog stocks you have to learn to take profit quickly.
3. Look to buy stocks within 20% of 52 week highs. If your W/L rate struggles restrict your trading to those names only

Mistakes Made

I knew this but just made a blunder last week.

You can NOT mitigate the risk on the company's earning report. Better to SELL before the announcement. If it's good announcement, get back in

The blunder I made was on NEA.ax, CUP.ax, and CSV.ax

Stay away from the stock when their share price just lingering on the low, because it shows that even insiders are not buying 

Stay away from the company that are gapped down, as there are usually more bad news coming 

Verdict: my score last week was E-

Some Trading Ideas

Thinking of some trading ideas on the ASX

1. MGX.AX -- Mount Gibson Iron
2. PGC.AX -- Paragon Health
3. MYX.AX -- Mayne Pharma 

What's currently hot:

1. Cobalt
2. Iron Ore

I know I should avoid:

1. Down trended stocks