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A simple exit strategy is the 25% retracement rule: exit when the stock retraces so that you've lost 25% percent of your highest profit.

Nevermind, I got it.

OK, thanks, that makes sense, but then how would I do this: a stock is in a downtrend and hits a continuation pattern between 29.80 and 29.95. Rather than doing a short within it because I don't know if it might bounce back up out of resistance, I want to short at specific price, say 29.75. Is...

I'm using IB's TWS and in the past any time I did a straight buy or cover order on a short where I gave a limit price 5 cents or more outside of the ask/bids, TWS always waited until it could find my price before executing. But when I did the same thing on a short -- giving a limit price about...

Was anyone able to short it today? I tried -- 2000 @ 6.05 and 5.85 and couldn't execute (I'm using IB's TWS). Seems it wasn't on the shortable list.

Hmmm, I shorted three stocks last week that were on neither list: PGNX, HEPH, PSPT

Related question (also posted as its own thread): is there a difference between long and short buying power? My IB account screen shows my buying power as four times my acct balance as per normal but so far I've only been able to use that much margin going long. I keep getting a message to the...

Also solid blue status here. And as I wistfully look at money that might've been mine it's now up to $4000.

If by this you mean that if you, say, go into TWS and put in a short stop limit order on a stock, that the software doesn't reject as outside your margin, etc., and that when the stock reaches your limit price on an uptick, nothing happens -- there's no execution, message, change of status...

The only thing close to that I've had is a 'RegT' quasi margin call warning me my daytraded position was over two times my account balance at the end of the day, and when I didn't reduce it they did it for me. I've let this happen a few times but the last time was a number of weeks ago.

Before for day trades I used to be able to buy stock up to my 'buying power' which is the normal four times the account balance. If I chose to keep a position overnight I was limited to two times my balance. Now (today and last week) I'm getting a message when I try to short a stock saying my...

My sell price was 13.86 (bought 2500 at 13.65 today), $500 for me, $25 for IB, nice and round.... but it just kept messing with me. Finally was able to close my position at 13.86 about 26 minutes later. :)

I sold an hour or two after the opening.

Actually this is my fourth trade: 1. Bought 500 shares of Oracle at 17.39, sold 500 next day at 17.70 2. Bought 400 of Micron at 13.70, sold next day at 13.84 3. Bought 100 of Corning at 17.75, sold next day at 17.85 4. Sold 400 of Motorola at 20.60, bought same day at 20.55

My trading experience, while admittedly not at all sophisticated, goes back almost 20 years, back before there were Java clients , back before the World Wide Web was even invented. So it's been simply a lot of years of trading using phone calls to brokers. This is my first plunge into doing it...

I just got a margin account at IB and am using their TWS java client for trading. I wanted to buy 400 shares of Motorola at 20.60 but I guess I must've clicked an 'Ask price' cell without realizing it and ended up 'selling' 400 shares at 20.60, i.e. having a position of -400. When the price...

Sorry, a raw newbie question: I'm interested in stocks worth investing in that are currently trading below their moving average but am not sure how to select them. Naively, all I can see doing is going through, say, the Nasdaq 100 and S&P 100 and charting every stock to find those below their...

Hi, I'm interested in comments on this fairly short Wikipedia article on swing trading: http://en.wikipedia.org/wiki/Swing_trading Having read through it a few times now myself, it seems pretty clear and I've even applied the EMA calculation to Google over the last couple of months. Is the...