My focus over the next couple of weeks is in building the AtticFund (ok that's been the stated intention for sometime now, but things have been getting in the way....). I think I may also be suffering from 'Traders Block' or put another way failing to pull the trigger. This is something I'm aware I've had 'issues' with in the past, but given the current state of the markets, I'm not going to beat myself up over being cautious!
So, tonight I've placed a Buy Limit for Autonomy Corp (something I should have done a while back - see previous post!). The stock still looks good and is in a steady upturn.
My order details;
Buy limit @ 1234p (Pullback to 8EMA)
Stop - 1171p (21EMA)
Target - I'll give some thought to this later (I'm becoming aware I need to have some targets!!!)
Max risk - £189 (<2%)
Position size - £3/point. (£3 * 63pts)
