$Camber Energy (CEI.US)$ how to sell when it is high??
$Camber Energy (CEI.US)$ how to sell when it is high??
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xXWonderXx : Best advise is you decide when to secure your profit.
HennyTun OP xXWonderXx : I see. Thanks.
Zombie Boy Trade : never sell for a loss, be patience unless you need money urgently, have a target profit taking price, example you buy at 1.4, you aim for 2.8, 100 gain, if it shoots up to 2, put stop loss at 1.6 to protect your profit, if it goes up to 2.8, move stop loss higher or just take profit, you can sell half at 2.8 to get back your base. Use your profits as playing hands, stop loss anywhere at 1.4 to 2.2, if 2.8 goes up to 3.5, congrats and move stop loss higher or sell another half. Protecting your profits and trading with strategy is fun but never trade for loss, because some guy will buy your loss and profit
HennyTun OP : Thanks for the good advice
bic mutney : buy low, sell high
HennyTun OP Zombie Boy Trade : How do we keep our profit safe?
Zombie Boy Trade HennyTun OP : stop loss, wait it goes up above your cost then if it goes down stop loss trigger to sell above your cost