the problem of swing trading

heilbronner · Jul 17, 2003

is when you get a profit warning in a long position. This happened today with NOK, down almost 20%. No chance to get out, stopp- loss useless in that situation. Portfolio not that much down because of short positions like SAP, YHOO or MDC, but still it hurts.

noname · Jul 17, 2003

yea, it sucks when that happens, but at least for me it has happend both ways, it kinda evened it self out, for me at least

funky · Jul 17, 2003

yep, that's exactly why i daytrade. don't have the balls to take it like that.

Brandonf · Jul 17, 2003

Quote from heilbronner:

is when you get a profit warning in a long position. This happened today with NOK, down almost 20%. No chance to get out, stopp- loss useless in that situation. Portfolio not that much down because of short positions like SAP, YHOO or MDC, but still it hurts.

There is just as much risk in a daytrade.

shaq48 · Jul 17, 2003

EXactly Brandon...I remember a drug stock a couple years ago,LLY I think...It was trading at is high for the day momentum was excellent and daytraders were pushing it...boom halted..FDA ruling...opens down $10...probably wiped some daytraders out.

ElCubano · Jul 17, 2003

Quote from heilbronner:

is when you get a profit warning in a long position. This happened today with NOK, down almost 20%. No chance to get out, stopp- loss useless in that situation. Portfolio not that much down because of short positions like SAP, YHOO or MDC, but still it hurts.

There can also be news moving the stock higher overnight past your profit target....

margo_trader · Jul 17, 2003

Quote from heilbronner:

is when you get a profit warning in a long position. This happened today with NOK, down almost 20%. No chance to get out, stopp- loss useless in that situation. Portfolio not that much down because of short positions like SAP, YHOO or MDC, but still it hurts.

Out of curiosity, why were you long NOK for a swing anyway? I can't find a single reason why anyone would have wanted to own it from a technical view.

dbphoenix · Jul 17, 2003

Quote from Brandonf:

There is just as much risk in a daytrade.

Only if the drop occurs intraday.

Trend Fader · Jul 17, 2003

Quote from dbphoenix:

Only if the drop occurs intraday.

DBPhoenix,

Brilliant.

--MIKE

dbphoenix · Jul 17, 2003

Quote from Trend Fader:

DBPhoenix,

Brilliant.

--MIKE

Well, this drop occurred overnight. I don't see the pertinence to daytrading. One of the benefits of daytrading is avoiding this sort of thing.

the problem of swing trading

Sponsor