Quote from coolweb:
murray,
I agree , SBUX was sold the same day
QQQQ is dropping like a rock ,
After a quick execution to daytrading because of some new insights
<b>
I will be back on to the topic of SWING TRADING
</b>
mainly because another thought popped in my head
1) I can never deploy the full size of my capital on daytrading
2) The returns of 30% of swing trading attracts me much.
3) I will use my daytrading profits as "extra investing money"
instead of my primary.
4) I have a lot of time on my hands so it is time for me to establish myself long term as well as short term as well as mid term.
The [2]questions of the day is:
1]Do you believe a stocks underlying movement is 75% dependant on the market?
2]Would you take a long position even though the DOW/NAS is in a two week slump
==============
Coolweb;
Answer to question # ]1Hope you got an answer hint on friday by reading some of my other fri posts. Something like that, I wrote this in my business plan;
Stock itself=30%
Sector= 30%
Market =40% Paraphrase,Steve Cohen /Jack Schwager
2]So yes on swing smaller long position, since strong sector oil/gas up . Some small, med, long term oil-gas stock trend up;
strong er stocks oil & gas .Those 75% numbers are pretty close in huge IBD/O Neil work.Oil- gas Stop snuggled because of market.
Had hand friday on long trigger HAL , higher lows,/ higher OIH;
but eod found something better for longs in oil/gas sector .Plus supply /demand & wartime, & Iran threat has unusual favor for overnite oil/gas longs And yes, even though late entry fri, eod ,its profitable eod.
HAL almost finished up, OIH did
3]Its humbling how some times great minds think alike

;
in harmony with both your questions;
doesn't GOOG swing shorts monday look high probability????????
GOOG isn't exactly as liquid as NYSE, but its PLENTY liquid;
slippage is reasonable, only a bit more than NYSE for me.
GOOG has NOT been same since it crashed below 50dma, Jan;
looking for support@ about $375- $300-333 area, perhaps.
Will forget GOOG monday short swing ,on[if] big down gap
