Same old, same old. As price rises volume is dropping on these, so that's encouraging. Market seems to be turning around some too, so I'm staying the course even though I think I could get out evenly. Interestingly, of the stocks that I track, these have the better looking charts.
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Smart Money's Swing Trades Thru T.A.
- Thread starter Smart Money
- Start date
Added some SDS at 20.37 as a hedge.
Sold it for a scant 11 cents a share profit. Just wanted some assurance the market wasn't going to plunge. Looks like the market is just twisting around without direction.Added some SDS at 20.37 as a hedge.
Bought more SDS again this morning since futures are down. Got in at 20.15. Just enough to hedge my long positions.
Sold SO at 46.03 for a loss. Put a trailing stop on SDS.
Bought sbux at 57.83. Nice pattern on this one.
Stopped out of SBUX and COST. Lost 2% and 3% respectively. I shouldn't have stayed in after the market started going south. Bought some SCO this morning. I have a really wide stop on it. Just going to hold that for now.
Alrighty then! That sure worked! Offset my losses in SBUX and COST. I think rather than lock in a profit on SCO, I'll try to hold for a bit. I like where this is going.Stopped out of SBUX and COST. Lost 2% and 3% respectively. I shouldn't have stayed in after the market started going south. Bought some SCO this morning. I have a really wide stop on it. Just going to hold that for now.
Alrighty then! That sure worked! Offset my losses in SBUX and COST. I think rather than lock in a profit on SCO, I'll try to hold for a bit. I like where this is going.
OK, well that was quick. Sold at 123. Made close to 3.5%. That's plenty enough to avoid holding over the weekend.
Decided its best to stay on the sidelines and wait and see what shakes out of this Asian market drop. European Markets fell 3+ percent in sympathy, and futures on U.S. markets say we're already down that much. So playing either direction can get a guy whipsawed. Probably fun if you're a day trader, but not for me.