Good morning.
Thought I would share one of my trades - BAY (British Airways) I've sold short at 490 with a target price of 440 and a stop loss of 506. So help me out here - lets all watch BAY price go all the way to 440.
does anyone else have a view on this trade by the way?
I have had lots of learnings so far with trading and am applying those learnings to succeed.
One lesson is about moving stop losses up to protect profits - vital! and also take some profits - just like Chuck said!!
Remember from April I am going to do £10,000 per month. It starts here!
Have a top day
Bill
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2 comments:
Hi
are you trading with warrants or spread betting on BA's price to go down?
I was actually thinking if the price hits around 475 to buy, as i can see it as a momentum stock to make a quick gain.
hi Neil,
I am trading with spread betting, so I bet £10 a point that the price will go down.
It may well rebound from that sort of level for a quick profit - you might want to see it start to move back up before entering the trade though?
As I write this, it has gone back up to about 492, so I am showing a LEARNING of £19.90 on this trade (that includes the cost of the spread).
All the best
Bill
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