Trading the stockmarket (NO Referrals)

For the daytraders:

- What is the % rise after you will take profits. Mines around 5%.

- Do you set a stop loss? I don't on stocks I'm prepared to hold. Other stocks I'm thinking maybe a 5% stop loss would be a good idea.

I only buy in when I see strong upwards price momentum on a minute by minute basis.
 
radderfire said:
For the daytraders:

- What is the % rise after you will take profits. Mines around 5%.

- Do you set a stop loss? I don't on stocks I'm prepared to hold. Other stocks I'm thinking maybe a 5% stop loss would be a good idea.

I only buy in when I see strong upwards price momentum on a minute by minute basis.
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I don't day trade very often at all and my profit takings vary depending on my 'gut feeling'. But I would say it's typically between 5-10%. I think I ended up with 22% or something with BYND.

Outside of BYND today has been a bust for every other holding of mine. Only thing I had in the green was Google and now that's finally red. Taken the shine off things quite a bit!
 
bliss said:
I don't day trade very often at all and my profit takings vary depending on my 'gut feeling'. But I would say it's typically between 5-10%. I think I ended up with 22% or something with BYND.

Outside of BYND today has been a bust for every other holding of mine. Only thing I had in the green was Google and now that's finally red. Taken the shine off things quite a bit!
Click to expand...
Bad day for me too
6% down today overall.
It’s been a bad October tbh end of September was my peak.
Would be more relieved if Trump had said something stupid again to explain it!
 
radderfire said:
For the daytraders:

- What is the % rise after you will take profits. Mines around 5%.

- Do you set a stop loss? I don't on stocks I'm prepared to hold. Other stocks I'm thinking maybe a 5% stop loss would be a good idea.

I only buy in when I see strong upwards price momentum on a minute by minute basis.
Click to expand...

If you set an arbitrary profit taking point you are just skewing the risk/reward ratio for the worse.

Generally speaking capital preservation is key so a stop loss of 1-2% of account value is really where you should be. Day trading and preparing to hold 'losers' are not compatible ideas.

I do a bit of swing trading rather than day trading so slightly different circumstances but if the stock performs well as anticipated from the setup then I consider selling say 1/4 after a few days and moving my stop to break even. Then let the rest run and perhaps use the 10 day SMA as a trailing stop when it closes below that. This allows you to ride an increase in reward potentially far above an arbitrary 5% and will pay for all the losing trades.
 
wait ill friday! my Boi wil sort you out Diddums ! that 20% lose will be a 20% gain.
i went for RKLB, i can see it going up once Neutron goes live so its an easy profit unless... He who shall not be named steps in... *looks above*
 
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radderfire said:
Short squeeze for BYND Beyond Meat is still on apparently.

YYAI AiRWA is another candidate for a short squeeze, apparently.

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So it's some random dude who looks like he's about £50 above homeless doing astrology in the hope that he's the next DFV?

Lol, no thanks.


Which means buy, obvs.
 
Made nowt on beyond lost my bottle on a juicy red candle but with all the quantum talk on here I jumped back in to this with a small trade last night, it was way over sold TBF I could have picked a dozen and made the same ,one of those easy scenarios

Screenshot-2025-10-23-07-32-48-87-b2821ec0506715f5c2cd059661654996.jpg
 
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