Wednesday, April 17, 2013

Adding URRE Long Speculative Size

This is a spec. position anyway from price and volume, (for me a speculative position generally is half a normal size position or anywhere between 1 and 0.5% portfolio risk which is not the same as position risk, I can have a 50% wide stop on the position and still keep portfolio risk at half of 1 percent by position sizing. If you need links to the risk management links on the member's site for equities (not at all the same for options), they are at the top right of the site under, "Get the Most Out of Your Experience" and under the heading/link "The Holy Grail of Investing/Trading" There are some additional risk management concepts linked under the same section and called, "Placing Stops-What You Should Consider"

In any case I'll get some charts of URRE up as soon as I can, but it just ran stops from a move under the 4/4 daily reversal candle's lows at $2/05, volume intraday jumped at $2.04 as stops were hit, this looks like a typical head fake move  which we see about 80% of the time just before a reversal, there are also links on head fake moves under the same area and at the very top, "Understanding the Head-Fake Move" parts 1 and 2.

3C looks good for URRE. This will be an equity long, not options.

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