Should we have targets in swing trading?

Quote from kgharris:

On my planet, for one.

Almost all my sell signals are based on Fib projections (extensions), or a combination of Fib projections and other resistance.

My accuracy rate is pretty damn impressive, if I don't say so myself!!!

:D
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some example if you will :)
 
Quote from kgharris:

Almost all my sell signals are based on Fib projections (extensions), or a combination of Fib projections and other resistance.
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Harris, fib extensions/resistance levels allow for equities to get to be tenbaggers?
 
Yes you need to take money off the table if you reach a target. AT least half your shares should be gone at that moment. Letting your winners ride is a great saying but once something gets to target your calling yourself a liar if you don't take the money and let it get swiped back in the form of a sell off. So take off half at the very least. This is short term trading not long term investing.
 
MHC:NYSE is a REIT that just paid out an $8 special dividend. (With the expected price drop). The large div plays hell with the indicators, but I think I like what I see. Retirement Fund flows into REITs are still going strong and real estate wizard Sam Zell owns 3,495,032 shares.

The value side looks good. They sell manufactured housing and HUD recently announced its "No Downpayment Plan" to create 5.5MM new homeowners in the next six years at the low end of the market.

http://www.hud.gov/news/release.cfm?content=pr04-006.cfm

I think this will be good for about a 4 point move in the short run and maybe better in the long run.

What do you guys think would be the best way to exit this play to max it out?

Bruce
 

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Quote from gms:

Harris, fib extensions/resistance levels allow for equities to get to be tenbaggers?
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No - but if you read my first post I said "You can always re-enter if it sets-up again."

I look for a certain pattern above a Fib extension that signals a high probability continuation. That may not always get me a tenbagger, but it does allow for many doubles and triples.

More importantly, I lock in the initial profit at the Fib extension/resistance, taking money off the table and keeping winners from becoming losers.
 
Quote from lindq:

Must be a pretty lonely planet! What do you do for fun?
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Not really - my accuracy makes for good company!

For fun I work out, hang out in the city with my wife, go to the mountains, play with the dogs.

Have a good weekend.
 
Quote from neutrino:

Let's say you expect a stock, that trades at 50, to reach 55 within a week. You buy the stock and put a stop at 48. The stock touches 55 after 3 days. Do you sell?
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It's a no brainer to me ... sure, I'd sell. But ... I'm a trader and not an investor ... 10% in 3 days isn't too shabby.
 
Quote from neutrino:

Let's say you expect a stock, that trades at 50, to reach 55 within a week. You buy the stock and put a stop at 48. The stock touches 55 after 3 days. Do you sell?
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Every trade should have a stop loss target and a profit target.
 
Quote from kgharris:

No - but if you read my first post I said "You can always re-enter if it sets-up again."

I look for a certain pattern above a Fib extension that signals a high probability continuation. That may not always get me a tenbagger, but it does allow for many doubles and triples.

More importantly, I lock in the initial profit at the Fib extension/resistance, taking money off the table and keeping winners from becoming losers.
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I did, I did read your first post. Thanks for elaborating on it.
 
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