Till the market gets over fear of higher interest things will be happening in mid sized to big swings...over reactions in many cases, best to hang with quality that has stability and upside when it all gets flushed out [Reply]
Originally Posted by Shaid:
I think I need a step-by-step on how you find and make these moves.
It's all laid out over the last couple pages of this thread. I've been playing with this the last few months and it seems to be working. That's why I've been sharing my thoughts and letting out my last few swings even before I complete the trade hoping I'd get some feed back on what I might change or do better.
It's so simple it's stupid.
The play I made this morning popped up on the screener just a few minutes before market open. I went to stocktwits and did a 3 minute view of the discussion on the stock. Quickly got a feel that it would bounce and took a swing.
The play before that (CHGG) I couldn't get a feel for it so stayed out. In hindsight there was still a good play there if patient enough to let it bottom but you just never really know.
What I'm seeing is that nearly every time I see a 25% or more drop there's an opportunity to catch a bounce. Basically that's it.
I've got to learn to use a trailing stop better. The trade this morning had a 47% gain in it so I left a lot on the table. [Reply]
My dilemma with the trailing SL is I want to set it at 2% but after a 10% gain. SPRO ran up to 2.30 but I got out at 1.87. But even on the way up to 2.30 a 2% trailing SL would have got taken out quickly before it got there. If the TSL was set at 5%or 10% you lose too much potential. I dunno. [Reply]
It does make a lot of sense. I'm one of those guys that tends to research the crud out of something before making a move on a stock I don't know makes me a little more nervous. Do you have a set amount you play with and only add a certain percentage of it into each play or how do you handle that? [Reply]
