InvestorsHub Logo
Post# of 47295
Next 10
Followers 1651
Posts 18274
Boards Moderated 1
Alias Born 11/10/2004

Re: pennyFreedom post# 7755

Thursday, 08/30/2007 1:02:02 PM

Thursday, August 30, 2007 1:02:02 PM

Post# of 47295
pennyFreedom

PS; I choose 50% because of the ascending triangle, I'm trading, showed a personal 75% gain. (.009 first entry to .016) And with a first leg starting run, it normally runs past target and settles at target. Higher then normal emotion!!

So by using 50%, in 4 decreasing % gain steps, totaling 35% higher. I'm really only pricing in a 10% extra emotion factor.

Total high at 85%, not 75% triangle target. I should get all increasing buys closed for 50%. It's all in the numbers. I run them in the plan, before I make the first buy.

If it doesn't run past, to close .0175 & .0185. I'll just close the 3rd & 4th buys at the start of the retrace from the .016 triangle target.

Still better then the normal 25% swing.

This is not a normal swing trade, for me. The chart target projected, caused me to change from my normal plan.















Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.