Mike's Swing Trading Journal

Dumped UTHR nice little profit.. market is weak.

In cash now. I normally hold my winners longer.. but the markets are under major pressure and we could get another down leg soon. I am playing very defensive.
 
Quote from mlsignups:

I guess it takes some experience because I'm not seeing the entry points clearly. I'll keep learning.

Nice job.

Mike L.
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What do u mean? Are u referring to my entry points?
 
Quote from mlsignups:

Yep.

Can you explain by using that or MON as an example what makes you decide on that specific stock to "pull the trigger?"
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MON is a broken stock. It sliced through the 50ma on heavy volume and now pullback back to the 50ma on soft volume. Today is the revesal day where it can possibly continue another leg down. Given weak market conditions i decided to pull the trigger.
 
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