Originally posted by Runner
Runner's Rascals
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Well it is break time again and so I’ll chill out for a while. Need the market to pop old highs before I get excited. No sense in posting any more scans as I’ll leave the market alone and only check in at end of day. I see entering here on the long side might not be wise and I favor swing shorts, but remember thus far the trend is up.
Good Luck,
Runner
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Runner, that's a good decision. Are you holding anything right now, or did you close out all positions?
I think we still have some more room on the upside before resistance is approached but not much more. And then the test comes.
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Originally posted by dmk112Runner, that's a good decision. Are you holding anything right now, or did you close out all positions?
I think we still have some more room on the upside before resistance is approached but not much more. And then the test comes.
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Going to try something new here on my thread. I’m looking for momo plays with time frame from 1-7 days on average. Some will be longer if conditions warrant. Reviewing my swing trades I’ve noticed average time where most profit occurred was about 5 days into the trade.
I’ll post my plans and picks for the day. Because it is easier for me when doing my lists I will use this link http://finance.groups.yahoo.com/group/geO777/ to post lists. Not sure what the site does but it is free from Yhoo Once on site click file . I use Microsoft Excel to export my data. I recommend if you should follow my lead to not place any orders before the open for obvious reasons. The set-ups will consist of a pull back strategy with stocks in a nice uptrend. This will change when I feel the sector is extended and will then look for groups that seem to have put in a nice bottom and are now thrusting off that bottom.
In choppy conditions I think if you trade you should use discretion on the amount of shares you play and consider less shares and lock profits when ya got them. I will not consider anything less than 15.00 and under 100K volumes. I do not care about the company or what it does. I’m only concerned about locking in a profit.
Average increase in price in many of my trades has been 3-6%. If I get a 6% after entry I’ll lock it all in. Now you can trail if you wish or do as you wish. Goal is to find set-ups and have a target of 3% per week. Another goal is to end the first day in profit. In view on many of my trades the ones that did not do well usually started off wrong. As for me I do follow a plan and execute the plan and if it stops me out no big deal. Most of my charting will be from the daily chart and I could care less about a weekly or monthly.
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Last edited by Guest; 11-18-2005, 10:42 PM.
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Runner, are you still in ELOS? I got back in today near 39. This stock has been very volatile lately but I figure I can give it a shot to about 42.
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