Pages

Sunday, March 1, 2015

First: Low Risk

Ticker: XRA


I have been rushing myself before and over traded which put me in the position I am in now. So I decided to tone it down and test my patience. One way to do it is to look for low risk plays and swing. In this chart, I noticed a downwards slope decrease and a small break above it which may signal a reversal. I decided to take this as a signal to go in small with a stop @ $0.49. It is a small risk for a potential reversal. I want it to retest @ $0.53 the base and if it holds, I will increase my position. I will hold this until it tops or breaks new trend.

No comments:

Post a Comment