Swing Trading

[skiracer]

Sold 40 LNKD @103.20 loss (112) in all cash

Last 32 days 6 losing trades 5 winning trades net gain 497.72

Ave. loss 6 trades 45.68 Ave. gain 5 trades 154.36 w/l ratio 3.38/1


---------------billy

and on top of it all you're having fun! good show Billyjoe.

[Deaddog]

Sold 40 LNKD @103.20 loss (112) in all cash

Last 32 days 6 losing trades 5 winning trades net gain 497.72

Ave. loss 6 trades 45.68 Ave. gain 5 trades 154.36 w/l ratio 3.38/1


---------------billy

Excellent win / loss ratio.

[billyjoe]

Morpheus says maintaining and sticking to strict "trading rules keeps the mind free from fear, greed, regret, and hope" I've still got great hopes every time I make a buy. For the time being staying in cash.

------------billy

[skiracer]

Morpheus says maintaining and sticking to strict "trading rules keeps the mind free from fear, greed, regret, and hope" I've still got great hopes every time I make a buy. For the time being staying in cash.

------------billy

I think he is talking about a different kind of hope Billyjoe. Like wishing on one hand and shitting in the other and seeing which one fills up first.

[billyjoe]

7/30/12

Buy 80 AOS @ 51.28 stop 48.62 broke out to new high then dipped to 20dma


-----------billy

[billyjoe]

7/30/12

Buy 80 AOS @ 51.28 stop 48.62 broke out to new high then dipped to 20dma


-----------billy

8/2/12 AOS gapped below stop at open. Sold at 48.17 loss 268.79

Currently +228.93 with swing trading

[billyjoe]

Bought 200 DUG @23.71 r/r questionable but I'm going for it. Trend is friend


-----------billy

[skiracer]

8/2/12 AOS gapped below stop at open. Sold at 48.17 loss 268.79

Currently +228.93 with swing trading

I am not advising against honoring your stop, 7 % or whatever it is, but if you go back and reread Derons discipline regarding "the open" he always adheres to the principle of not making any trades, either getting in or out, before 10 a.m. because of gaps up or down usually, much more times than not, will come back to the price range/level they were at the close of the previous day or before the open around 10 a.m. AOS closed today at $49.11. It closed the previous day at $48.67 and opened this morning at $48.20 and by 10 a.m., if you look at the 5 min. chart, it had come back up to $48.60 and by 1 p.m. this afternoon was back above the previous days close of $48.67. I preach honoring your stops above all else but I also preach, and so does Deron, to never react to quickly and never make a trade or exit before 10 a.m. on a gap up or down. Always wait until at least 10 a.m. Get used to doing this and I promise you that you will save alot of your hard earned cash.

[billyjoe]

Ski,
Morpheus in their trade confirmations says "sold today at open 48.01 as it gapped below our stop". I wasn't home to sell until around 10 so I gained another .16. At least twice in the last month Morpheus has sold at the open for a loss and I did wait and in one case it made a $75 difference. Morpheus said 2 days ago AOS didn't look good and the chart shows it went bad almost from the moment it triggered a buy. Their stop was 48.60 and it never got above that number until about 1 pm today.

http://finance.yahoo.com/q/bc?s=AOS&t=1d&l=on&z=l&q=l&c=

-------------billy

[billyjoe]

Morpheus sold their OIH short for $292 loss. I couldn't short in my IRA so bought DUG long and sold for loss of $302.20. This up/down market is killing us.


---------------billy

[billyjoe]

Bought 500 CAMP @7.66 stop 7.11

----------billy

[billyjoe]

Bought 500 CBM @11.10-11.13 stop 10.71


------------billy

[billyjoe]

Sold 500 CBM 11.85-12.02 net gain 336.75


----------------billy

[billyjoe]

Swing trading quotes:


"Perfect patterns carry the greatest risk for failure. Market works to defeat the majority when everyone sees the same thing. Look for warts and bruises on your setups. " -------The Master Swing Trader, Farley McGraw Hill 2001


--------------billy

[billyjoe]

Bought IBB @ 133.55 8/14, sold @141.22 9/6 net gain 363.44 or 5.43%


------------billy