As this is my first go around at the PRGO rodeo for me, I entered with a teensy-weensy play back on 12 November, buying a single Call and paying for it with a Put (purple box below). I'm likely to close it out this week . . . earning 65 to 70% of the sell-side premium is usually a decent "don't-get-too-greedy" exit point.
Still grinding ever so slowly. Also worth noting that there was a dividend paid in this trade as well.
Take attention to the fact that PRGO on the last leg up missed doing higher highs, what may sign some weakness... Not saying "short PRGO", but look better
Well, it could go up higher and I didn't hit my target, but I'm gonna hop out now. Out at $55.12 for >11% gain.
Yes, I did a little buying last Friday after I posted. I was out and about all day today and had no idea of the pop until just now. I might sell 175 of the 200 shares tomorrow, which would recoup the initial 10k investment and leave the remaining shares free-n-clear to do whatever they're gonna do.
Hey guys! A little off topic. I want to learn how to trade. I guess swing trade. Any programs you guys would recommend. Thanks
Myself, I don't use any program or service. Self-taught investor from reading books from the library since I was a teen in the late 1970s. Value investing, technical trading, and theorists like Graham and Lynch and O'Neil and Elder. And lots and lots and lots of practice.
Hello @Wutupdogy23! A decent place to start on this site would be the education forum here: https://stockaholics.net/forums/educational-videos-and-material.20/ There's plenty to read through, especially the sticky threads up top. You'll also want to probably paper trade first to get an idea on how things work if you've never been in the market before. My only word of caution with paper trading is treat it as if it's real, or you're not going to learn anything. If they provide you $500,000 to start, don't use it all. Start with whatever amount you'll be trading in real life when you begin. Make trades the same size and in the same way that you would in real life. That's how you can learn what kind of gains and losses you'll expect.
You booked profit, tho. 11% short-term swing is nothing to sneeze at. I had another away-from-markets day today, and set a limit to sell 167 shares at 58.92.
