Help with exit points for swing trading (pic)

Quote from Grob109:

What you own is going through an increasing money velocity after entry (you do not know how to enter it turns out).
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I'm gonna have to read your posts again to understand the money velocity thing.

But in the mean time, since I don't know how to enter, can you teach me a better way?
 
Quote from IronFist:

Well, it took a month, but who saw N today? :D

Is a month considered a "long" time for a swing trade?

I don't know. I'm just happy I didn't lose money. That's the spirit, right? :confused:

Oh, I put in a trailing stop. I'll risk a % or two in order to possibly ride a winner.

Too bad it won't be 10% after comission and tax.
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IronFi;
A month isnt very long for a swing trade at all;
as you account grows & your comissions are lowered , may or may not want to buy/sell more.

Yes, right on not giving up your profits on a nicely uptrending stock like''N'';
dont give much % of profits back.

Looks like N is headed north of $50.00, not a prediction;
& if it does NOT, would get out of Inco, dont stay in Inco if the buyers arent in, especially if selling is on above average volume like OCT.
:cool:
 
My trailing stop just got hit at $46.51.

If it rises farther after this I won't be too upset. A gain is better than a loss. Besides, I'm a n00b.
 
Like to swing/position trade in energy stocks that are like InCo;
plenty liquid ,orderly & whether you are in or out they tend to bounce up @ the end of the day.:cool:
 
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