BTW…
8 positions sold so far this week at a minimum 5% gain (unless otherwise noted).
Check the Weekend Edition where you will find the details of each week’s sells and trading education. Our Daily Edition continues to produce bid lists for you.
Bids that filled today, 24oct2024: COTY, LAC, SDIG, SIGA, TTI, WOLF
Today’s bids sold before 25oct2024: nil
{ssd} = sold-same-day at a minimum 5% gain (unless otherwise noted)
My 5% gain + expenses may be different than yours as I pay 1 cent per share commission (both ways) and I allow another penny for miscellaneous account expenses and rounding. Thus, a $3.00 BUY will actually sell for:
($3.00 x 1.05) + $0.04 = $3.15 + $0.04 = $3.19
Friday’s Bids!
25-Oct-24
LFMD
4.26
MITK
8.83
NAT
3.38
NWL
7.24
OIS
4.15
» Looking for a place to see these charts? «
Try this link:
https://in.investing.com/charts/live-charts
Enter a symbol from the bid list above the “5” button.
Click the “1D” button for daily bars.
Start learning to follow the price action and memorizing patterns that lead into price increases. Also, check weekend back issues for education on how to read and use stock charts for your future profits.
PLEASE REVUE THESE GROUND RULES REGULARLY:
Remember, these BIDS are entered as STOP LIMIT – DAY
and ASKS are LIMIT – GTC (Good Till Cancel)
For money management safety, never put more than 1.5% of your DAILY net equity balance into any one position. (Some exceptions apply. See below). You will have more flexibility and be even more comfortable with 1% or less as a position size. THIS IS TOTALLY YOUR DECISION.
Another mode of money management is to only use 25% of your Buying Power (BP) each morning, divided by the number of bids. Thus, if you have $30,000 of BP and 10 bids on the list, you will only use $7,500 for that day’s bidding at $750 per position.
If you fill 40% ($3,000) of your bids that day, the next day your BP might be about $27,000, ($30,000 less the $3,000 you actually spent the day before). This way you’re typically able to play every single bid, every day. Ultimately, it may take some time to find what works best for you.
You may prefer an approach of always buying the same NUMBER of shares when you add to a position. For instance, if you buy 2 lots (200 shares) of a stock at $4, and that stock goes down in price, then when that stock shows on my bid list again, you could buy another 2 lots at the lower price on the bid list. Just make sure your approach drops your Ask price a healthy amount.
You can bid on all stocks on the bid lists, even if you already own them, and PROVIDING the potential negative effects of your broker’s commission structure makes it logical and profitable for you to do so.
I don’t use stops. That said, it’s important to realize that this is a very contrarian view compared to most of the industry. I average down in a strictly controlled method as noted above.
Have a great day!
Brian
Disclaimer
The contents of this newsletter are believed to be reliable, but the accuracy or completeness of any information contained herein is not guaranteed and members of Baker’s Stock Trading Aids shall not in any way be liable for any delay in keeping such information current. Members of Baker’s Stock Trading Aids specifically disclaim all warranties, express or implied.
Although Baker’s Stock Trading Aids believes that the information provided on these pages is accurate, it provides no warranty with respect thereto. The information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Baker’s Stock Trading Aids does not provide investment advice, but a record of potential and actual trades by the author. The information in this newsletter is not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction.
Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Baker’s Stock Trading Aids does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives.