Any trading strategies to hold onto stocks that might rip higher?

B

bob2007

I was trading lucid, for the last 2 months and same with QS.

I exited at the first move higher and did not re enter, though I had a chance with LUCID at 22 and QS at 28.

I sat through all the CHOP daily by the minute.

Should I be looking at wave theory more or any other strategies? Thanks!
 
bob2007 said:
I was trading lucid, for the last 2 months and same with QS.

I exited at the first move higher and did not re enter, though I had a chance with LUCID at 22 and QS at 28.

I sat through all the CHOP daily by the minute.

Should I be looking at wave theory more or any other strategies? Thanks!
More...
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QS is down waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay to much since JAN 1st for me;
but for a single stock its still a buy today or to morrow up to 31 for a trade.
90% QS drawdown this year shows you we dont really have much of an idea@ all what its worth.....................................................................Good volume+ most stuff goes up in an up/trending bullmraket
 
bob2007 said:
I was trading lucid, for the last 2 months and same with QS.

I exited at the first move higher and did not re enter, though I had a chance with LUCID at 22 and QS at 28.

I sat through all the CHOP daily by the minute.

Should I be looking at wave theory more or any other strategies? Thanks!
More...
I will sell half my position at a 20% move or 15% if price begins to stall and I will then trail stop the remaining half. This works for me and is a similar approach to all the "momentum masters" I have studied.
 
fan27 said:
I will sell half my position at a 20% move or 15% if price begins to stall and I will then trail stop the remaining half. This works for me and is a similar approach to all the "momentum masters" I have studied.
More...
Nice approach! :thumbsup:
 
Dramatic share price rises sometimes occur when financial results are released. You can see these dates in advance. One way to trade these is to take a long position well before the results date - prices sometimes run up dramatically 5-10 days in advance of the release date, especially with smaller cap stocks.

Another old strategy is to set a buy order after the close of the day before the release date, above its high or close. A stop-loss position would be below the same day's close (though this is tight). Spreads are sometimes stupidly wide though early on release day, and sometimes price will fluctuate up and down before settling into a steady rise, so sometimes a later, manual buy might be wiser. The manual entry also allows you to watch [rice reaction to the news and sit on your hands if necessary.

As ever, the difficult decision is when to get out.
 
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