DAY TRADING ALERT - Momentum Play In The Works
ChartPoppers Newsletter <info@chartpoppers.com>
date: Mon, Aug 9, 2010 at 9:32 PM
Company Name: Elray Resources
Ticker Symbol: ELRA
Yahoo! Finance: http://finance.yahoo.com/q?s=ELRA.OB
Company Website: http://www.elraymines.com/
Day Trades don't have to be complicated!
Use proper Trading Strategies, and you'll normally come out on top. A few key points to ALWAYS remember when Day Trading, in my opinion, are as follows:
NO EMOTION
There's NO ROOM for FEAR or GREED
Limit Orders
Stop Losses
Follow the Momentum (Which can sometimes mean readjusting your Stop Loss Order)
Word of wisdom: The above key points are different for every person. You need to figure out your own risk analysis, and make the above decisions based on your own comfort level.
Read more below to see what ELRA does, and my personal view point on the best Trading approach to take with ELRA
ELRA is a Company that has a mission to become a multi-region multi-property exploration and production mining company, focused on responsible exploitation of mineral resources and maximizing shareholder value.
The Company has a dual strategy of identifying high value properties to prove up resources on and also acquiring properties that can quickly be brought to production stage for gold and other resources. The Company will exploit deposits itself, or if appropriate, enter Joint Ventures with selected partners.
Elray Resources, Inc. continues to actively seek out new highly prospective properties across the globe to add to its portfolio of highly mineralized properties in South East Asia and South America.
Day Trades, for me, are by far the most profitable trades out there. Never aim to try and get the highest possible % gains of the day, but rather focus on a consistent method in which you are always making a gain on every trade.
With a 5000 investment, a 10% swing throughout the day just made you 500 in most likely less than an hour! That's an easy, nice day. Do that a few times a week, and your hourly rate just shot through the roof. On the other hand, if you break even, or lose a couple % points, you're not out front with a can begging for change.
There's always going to be trades that we ALL lose a bit on, the trick is, and always has been, to keep a level head about it. WIN more than you LOSE, and you'll start to better understand the best methodology that works for you.
For more detailed information about ELRA, please visit there website located at: http://www.elraymines.com/
Enjoy this Trade in the morning, I'm going to find us another one for right after this!
Best regards,
~ChartPoppers |
