I will post my swing plays- ES swings, stocks and stock options that I make with my small account that I actively trade
Currently flat except small position in a gold play.
Objectives-
ES - enter positions at strong resistance or support levels with an anticipation of 10 points or more.
Stocks - Find stocks breaking support and or resistance for quick profits, usually under 3 days. Also, find stocks in strong trends and pulling back or find ones that are reversing.
Options- long calls or puts based upon longer term, more than three days.
I will be using real money in my small account and I never let it exceed 15k (keeps me from doing stupid stuff, hehe). Upon reaching 15k, I immediately take the account to 10k. ( This rule will change if I decide to step into PDT arena, but for now I will only swing trade- or daytrade ES).
I am starting this off with 10k and I am currently looking into several different plays. I base my trades primarily upon technical analysis with a nice healthy serving of some fundamentals. I like to keep my eye on the macro.
For Stocks, I will take a quick profit on 60-80% of my holdings. For example, if XYZ runs two bucks and I have 500 shares, I will sell 300 for the gain and reduce my risk. I can then keep the 200 shares for continuation of the trend.
On the ES, I tend to guard it more carefully upon entrance but become more lose as the trade progresses in my favor.
Options are more for a reduced risk multi-week plays. I do not play these as often- has to be a really good set up to make it worthwhile. (Although I must admit, options are still relatively new to me)
CURRENT Watchlist:
AZPN- may need to pullback a little , but on the move. Near some resistance at this level and volume is increasing as well after consolidating for a month.
CPN- volume increasing and I see some interesting technicals diverging bullish ( I use TC2000 software).
TSG - another apparent base.
I'll post some charts when I can.
