Posted On: 07/07/2013 10:17:04 PM
Post# of 145136
TECO 2.66 cents...Check Your Chart...
I've actively traded pennies for 15+ years. I'm invested in TECO, so I don't trade it.
Here's the way I'd play TECO on a trade to make some money.
I know there is Belize news coming next week which could take the stock several times higher than it currently sits.
As a trader you don't want much risk when it comes to your capital. The way to play it is to buy your full load first thing Monday morning at the opening bell.
Looking at the liquidity issue when trading TECO your max load on a trade is 300k. Don't take any more than that.
News will most likely come Wednesday or later as work progresses slowly in Belize. Don't wait for the news. You need to out of the stock Wednesday or before. Take 20 to 30% profit on your trade when you can. Piece meal it out on upward movements.
If you want to take some risk on the news, do it with free shares you earned on the trade .
Capital preservation is paramount when you're trading.
I've actively traded pennies for 15+ years. I'm invested in TECO, so I don't trade it.
Here's the way I'd play TECO on a trade to make some money.
I know there is Belize news coming next week which could take the stock several times higher than it currently sits.
As a trader you don't want much risk when it comes to your capital. The way to play it is to buy your full load first thing Monday morning at the opening bell.
Looking at the liquidity issue when trading TECO your max load on a trade is 300k. Don't take any more than that.
News will most likely come Wednesday or later as work progresses slowly in Belize. Don't wait for the news. You need to out of the stock Wednesday or before. Take 20 to 30% profit on your trade when you can. Piece meal it out on upward movements.
If you want to take some risk on the news, do it with free shares you earned on the trade .
Capital preservation is paramount when you're trading.
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