Quote:
Originally Posted by lewdog
I like to drink and screen for stocks on Saturday afternoon. These charts are meant for possible swing trades and I liked their setup. Swings trades are held for days to weeks and look to make 5-10% profit (sometimes a more). I may decide to let 25-50% of the position run after selling for gains but many times will at least raise my stop to break even so the trade is guaranteed to be profitable.
You only enter a swing trade with a pre-determined stop loss that is set upon entry. If the trades works against your favor, you get out and do not ride it down. You NEVER average down in swing trading, only long term positions.
FN
AYI
SNX
SWTX
SANM
ORN
and possibly, TACO. Not a joke.
I will watch how these open and look for entry above a breakout point on the chart. If the day opens poorly, I may not start any new positions.
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For someone who is new to this, this is the kind of insight I appreciate. Thank you.
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"True bliss is not something you search for, true bliss is already living inside us all, and sometimes it takes a roomfull of others to lead us to the mirror of your soul." - CosmicPal (10-3-03)
