Buy price was $4, which was a little high in the trading range of the past days, but the green candles are promising, and there is strong support from the August low.
Showing posts with label Swing Trading. Show all posts
Showing posts with label Swing Trading. Show all posts
November 14, 2010
S Long at $4, using flowchart for entry strategy.
Going long on Sprint (S) as the first real live of my entry strategy flowchart. The chart fits the strategy perfectly. Let's see what happens.
Buy price was $4, which was a little high in the trading range of the past days, but the green candles are promising, and there is strong support from the August low.
Buy price was $4, which was a little high in the trading range of the past days, but the green candles are promising, and there is strong support from the August low.
September 2, 2010
Close AGNC Long position with 3% profit in 3 days
The current environment makes me nervous. Good news, bad news.
So I couldn't leave 3% profit in two days on the table in this AGNC trade, even though it was bought for my income portfolio because of the 20% dividend. It jumped right into the upper bollinger band which is a signal to considering taking profits on a Swing Trade. My trading plan originally had my profit point for this trade above the amount I would earn from the next dividend payment. But with AGNC outperforming the market in the yesterdays little rally, I decided to take the profit off the table in case the unemployment figures tomorrow cool off things.
I'll still have a chance to earn the generous AGNC dividend by picking another entry point before the dividend record date.
So I couldn't leave 3% profit in two days on the table in this AGNC trade, even though it was bought for my income portfolio because of the 20% dividend. It jumped right into the upper bollinger band which is a signal to considering taking profits on a Swing Trade. My trading plan originally had my profit point for this trade above the amount I would earn from the next dividend payment. But with AGNC outperforming the market in the yesterdays little rally, I decided to take the profit off the table in case the unemployment figures tomorrow cool off things.
I'll still have a chance to earn the generous AGNC dividend by picking another entry point before the dividend record date.
July 30, 2010
Long HLX at $9.50. Short term swing trade. Target $11.50 - $12:00 within 15 days.
Long HLX at $9.50. Short term swing trade. Target $11.50 - $12:00 within 15 days.
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