MACD/Trendline Swing Trader

Discussion in 'Journals' started by retire45, Jan 26, 2008.

  1. Took my peanuts --- should be buying TWM here at mid 143's but I am tired..
     
    #831     Oct 28, 2008
  2. Looks like tired traders don't make money..
     
    #832     Oct 28, 2008
  3. ATM machines if you can endure the minor wiggles... ..

    TWM long 147 out 145.7 (could see that coming..

    Long 141.4 out 143 (morning dips)... Equivalent UWM at 18 but was too slow..
     
    #833     Oct 28, 2008
  4. So now in at 18.56 UWM.. Need positions switching software..
     
    #834     Oct 28, 2008
  5. Out 19.03 UWM... Any nerve to buy TWM 134 area?
     
    #835     Oct 28, 2008
  6. Just one more drink... UWM 19.47
     
    #836     Oct 28, 2008
  7. out 19.82 ..
     
    #837     Oct 28, 2008
  8. Its funny.. you went from being a swing trader to a day trader. I think swing trading is crazy because of the volatility right now and you are probably doing the right thing by day trading.
     
    #838     Oct 28, 2008
  9. In a trending market I still firmly believe a Swing trader will beat most day traders. However it is looking to me like a really good daytrader can do very (trading the right markets) regardless of the market type given the added leverage available intraday... The added leverage used properly can more than overcome the occasional swing trader benefit.. the opening gap.

    Even when I was "Swing Trading" I always had a tendency to daytrade so I am predisposed to it... Ultimately a hybrid probably works best as each method helps the other... Oddly, intraday charts look a lot like Dailies with the same setups except the gap risk is eliminated..
     
    #839     Oct 28, 2008
  10. You know you underperformed when the SP500 beats you percentage-wise...

    As is known healthy uptrends never contain 10% up Dow days.. They grind up with no one noticing.... That said, current downtrendline broken.. soooo we have stopped dropping for now... I think somehow we find a way to mid 980's. For now will be long around 930 hoping we are soft in the Morning..
     
    #840     Oct 28, 2008