Swing trading... lessons learned...

[dmk112]

B.J.,

I like the entry but I think the overall market will have a pullback here so I would put a tight stop on it. I would also like to add that that drop on STV was on pretty heavy volume which is a small concern...

[B.J]

You're right DMK. If it didn't bounce so strongly off its daily low, I wouldn't have bought. My plan is to keep a tight stop and a close eye on it.

[B.J]

Busy today... out of VPHM at 11.29. Looks like the correction is finally at hand. Ended 48% up with what I had. Will stalk for it again.

Out of HANS as well with about 3.5%.

HUGE gains for STV today. Pretty much carried me today. Hit a closing high on huge volume, and I doubt it's done yet.

[dmk112]

RE: STV - why did it gap up today so much??

[B.J]

LOL! If you find out, DMK, please let me know. I didn't see any news.

They report Thursday.

[dmk112]

LOL! If you find out, DMK, please let me know. I didn't see any news.

They report Thursday.

Yea I have no clue, I looked in DJ news and nothing... Are you holding through earnings? Or haven't decided yet?

[B.J]

I don't think I will. I'll see what it does the next two days, but I'm starting to see some stocks get there butts handed to them after earnings.

[B.J]

Well, I win the much coveted Chicken-Sh*t of the Day Award for moving up a trailing stop on HANS, then being taken out yesterday. Could have gotten 53 (106).

All I can say is "cluck cluck"

[spikefader]

..HANS .. could have gotten 53 (106). "cluck cluck"

haha! Stock split gap up! Bad luck B.J.

I knew there was a reason I liked HANS!! doh
It just didn't act right for me though, and I'm wishing I'd got the gold entry neckline break entry that day, cuz I'd likely still be in!

[B.J]

Spike, I'm just glad that I didn't chicken out on STV

[spikefader]

Spike, I'm just glad that I didn't chicken out on STV

Yes! Hey, and by the way, that really was an AWESOME entry dude. You nailed the perfect entry on a technical basis and that's ain't no small thing in my book. Channel long on the daily, inverted SHS anticipating the shoulder! And look at how that patient and smart entry has rewarded without the pain. Brilliant!

[B.J]

Thanks Spike! Coming from the master, that's a heck of a compliment.

I'm liking AAPL. See if anyone agrees:



Nibbled today, will buy more if tomorrow confirms.

[dmk112]

Thanks Spike! Coming from the master, that's a heck of a compliment.

I'm liking AAPL. See if anyone agrees:



Nibbled today, will buy more if tomorrow confirms.

You see that horizontal line your drew, well for me it has to get through that before I get excited.

[B.J]

You see that horizontal line your drew, well for me it has to get through that before I get excited.

That's right, plus volume has to increase. Looks like it's starting a move, but as I said, needs confirmation to fully commit.

[dmk112]

That's right, plus volume has to increase. Looks like it's starting a move, but as I said, needs confirmation to fully commit.

Yes, definetly a good approach!