Swing trading... lessons learned...

[B.J]

Here's the resistance now.

As I said, I have only a 1/3 positon now. I'm letting it move. My instinct (and yours, Newborn) was correct.

I suspect the 50 DMA will provide support. Looking like we'll find out next week. If it drops .75, it's really .25 extrapolated from a full position. This is how I mitigate risk

I bought some more AAPL as it cleared resistance. Average purchase 44.20.

[dmk112]

Can we say that VPHM sucks?

[New-born baby]

no

Can we say that VPHM sucks?

no.
Why do you say that?

[dmk112]

Cause I'm in it!! Ahhh

ps its giving me heartburn - where is the pepcid AC??

[New-born baby]

Bounce

Cause I'm in it!! Ahhh

You've had six down days in a row. Monday it bounces up some. That doesn't mean a reversal. It just means it is going to bounce a little before it proceeds down some more. Can you figure out a profitable play on it if that were to happen?

[B.J]

You've had six down days in a row. Monday it bounces up some. That doesn't mean a reversal. It just means it is going to bounce a little before it proceeds down some more. Can you figure out a profitable play on it if that were to happen?

Gimme a hint Newborn... Does it begin with the letter S?

[dmk112]

You've had six down days in a row. Monday it bounces up some. That doesn't mean a reversal. It just means it is going to bounce a little before it proceeds down some more. Can you figure out a profitable play on it if that were to happen?

LOL....I think I just had two high of hopes for it

[dmk112]

Gimme a hint Newborn... Does it begin with the letter S?

I don't think it will be an SHS...

[New-born baby]

The "S" word

Gimme a hint Newborn... Does it begin with the letter S?

How about double up and sell ?

Hey, I see our lovely Home builder stocks are rallying up from a -$3 to a $-2 position. You can daytrade these babies. Just don't hold them overnight

Don't feel too bad. After KBH, I need about four grand slam stocks in a row.

[dmk112]

How about double up and sell ?

Hey, I see our lovely Home builder stocks are rallying up from a -$3 to a $-2 position. You can daytrade these babies. Just don't hold them overnight

Don't feel too bad. After KBH, I need about four grand slam stocks in a row.

Are you still in KBH?

[New-born baby]

No.

Are you still in KBH?

no. This time I believe the chart. I put the money in oil stocks. Check out the thread BMHC where I posted this morning of a short day for it. You know, I can tell you didn't read that thread. You know how I know? Because you are still talking to me without curses. lol

[dmk112]

no. This time I believe the chart. I put the money in oil stocks. Check out the thread BMHC where I posted this morning of a short day for it. You know, I can tell you didn't read that thread. You know how I know? Because you are still talking to me without curses. lol

lol, huge loss?? What 6%? Thats not HUGE!!

BJ, nice b/o on AAPL today despite crappy market...

[spikefader]

That pattern ain't right, out b/e. Back to stalkin it.

In review:
20/20 hindsight. Was I wrong to exit so early? Obviously I was ! I would do the same thing again I think.

[B.J]

lol, huge loss?? What 6%? Thats not HUGE!!

BJ, nice b/o on AAPL today despite crappy market...

Thanks DMK... V back over 10.

[Runner]

Looks like short cover off 9.90 area on VPHM

3 min. chart