Stock Swing Traders
- Thread starter coolweb
- Start date
I liked everybodys comments,
Although JPM wasn't much of a trade, theres not much to analyze.
Although food for thought for the traders in the game.
If you think about JPM,
You have a stock who just doesn't move much
but you are willing to give it a 40-50 cent breathing room.
When it only moved maybe 15 cents from where I entered and also dropped 15 cents from where I entered.
Swing trading doesn't mean you have to give up money. It just means you are looking for longer term profits.
Which obviously was not in JPM, and any breathing room would have been better spent breathing elsewhere.
Something to think about.
Keep up the trading posts.
Although JPM wasn't much of a trade, theres not much to analyze.
Although food for thought for the traders in the game.
If you think about JPM,
You have a stock who just doesn't move much
but you are willing to give it a 40-50 cent breathing room.
When it only moved maybe 15 cents from where I entered and also dropped 15 cents from where I entered.
Swing trading doesn't mean you have to give up money. It just means you are looking for longer term profits.
Which obviously was not in JPM, and any breathing room would have been better spent breathing elsewhere.
Something to think about.
Keep up the trading posts.
You risk 40-50 cents to make 2 or more points. It makes perfect sense. You will lose 50 cents sometimes, but thats part of swing trading. You cant mix your daytrading mentality with a swing trading mentality. Looking to make 5% on a trade with a two penny stop is just not gonna happen (most likely).
For stops, I use the prior cycle of the stock that looks similiar to the one I am entering on.
I can usually find similiarities in the way the stock moves.
I can usually find similiarities in the way the stock moves.