@CTUCyberGroup Lesson: Tradeable & Nontradeable #CTU
On Thursday we had a great day in the CyberGroup Live Trading Room. It was a nice comeback from the past two days where things have been slower than usual. There were a lot of great moves between $CTCT $PXLW $CZR and $DANG. Although not all of those stocks were for everyone.
One big thing to keep in mind when trading is some stocks are just out of your trading comfort level. A stock like $PXLW was a great trade for someone that is more a beginner. It traded a lot of volume, moved very slow and had very minimal shakes and head fakes. On the other hand a stock like $CTCT, although it had a big move, was very fast, had lots of shakes and unless you know how to trade a spread, you could have really gotten hurt. Knowing yourself is a very important part of being a trader. If you just started or are within your first 250 trades, don’t go try and trade a stock like $FB. It is way too fast and will go down on you faster than it went up. Keep a watch list of stocks that you trade well, and make sure you keep an eye on them. The more comfortable you are, the more money you’ll make. In time you’ll have the experience and knowledge to trade any stock that we throw out there.