RE: Stage Analysis Beginners Questions
Hello all
I am still very new to this and I know the market is still pretty volatile, but I wanted to ask about entry points.
I am looking at shorter term trades atm and I have screens set up so that I can see when a share breaks on volume.
I seem to be missing a lot of entries because some stocks are moving fast and I'm not sure whether to come in or not because I'm not sure where to put a stop loss.
Today for instance while I was out, GMR.L Gaming Realms broke a new high and I received a notification. When I got home I had a look but it had already moved ~12%. It did pull back to ~8% at some point in the afternnon but I decided to wait until right at the end of trading to see if the price pulled back some more. Unfortunately at the end of trading it was up ~14%.
I guess what i am asking is where you would come in or would you leave to the following day and where would you put stops?