A new Technical Trade. I’m stepping back from the Morning Gap trades and going beack to Technical Trades. Tomorrow I will buy 10,000 shares of RIG (Transocean Ltd) on the NYSE at Open at Market on May 03. All my trades are “all or none”.
I don’t think a Million share buy would get filled. also if the stock price is cheap – ie under say $10 per share then I’m sticking to either buys of 1,000 or 10,000 shares. Large volume buys help grow capital Gains but are frustrating because they it is hard to get filled. Then if I want to dump, it could backfire on me as getting fills could be an issue. 1 K or 10K should be fine.
Stock chart of RIG (Transocean Ltd) on NYSE. Chart courtesy of www.tradingview.com Buy was triggered by CCI and Woodies CCI and confirmed by RSI. On Aug 21 2017 the stock bottomed at this same level. Normally the price has been above the current price range. Hence I am of the opinion that the price has again bottomed and it is time to buy. This is longer term hold (might be a swing trade or longer – it is not quick flip type of trade).
Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.
Posted by: Vincent Banial