MACD/Trendline Swing Trader

haha im sure everybody here could contribute a good chapter to that.
i got stopped out of TWM yesterday too (after i bought at 114). my stops are prob tighter than yours though. kicking myself now of course.
 
I think a good way to practice staying power could be to trade very small and use the prior day's low/high as a stop... Then buildup from there. It is THE only way to have hope swing trading.. Some more successful Swingers even use 2 to 3 day reversals before closing positions..
 
This is a list of Short ETFs with decent volume and their performance this market leg down... A bit surprised QID is not that far behind TWM considering it's trading volume..
 

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Quote from inks2002:

what do you mean by they use 2 to 3 day reversals?
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Meaning they wait for 2 or 3 days of lows being taken out to be convinced the run is over... I do it when a stock downticks..
 
I did rebuy TWM 120.9 and Shorted POT 75.9.. Watched POT run into the 78's and thought "here I go again".. Set cover at 70 and loss cover alerts on both... AND LEFT!!!
 
nice calls. how long you think you'd hold them. ie you already have a solid profit (as of the close Wednesday and AH) - how come not take profit today? are you looking at charts, or looking for even more bad news tomorrow?
 
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