uhhh, I havent followed the 124 pages in this journal... the title says, "Stock Swing Trades." What happened to the stock trades? Continued success looks like youre having fun (as a swinging dick,lol).
this was a bad trade PRoblems with this trade: 1) too eager for an entry: happened right on trend change, this never works out because there is a lot of chop during changes. aka fake movements. Lets not repeat this obvious mistake still net profit today covered everything else earlier so we are up to 8 trades 2 losers 1 med winner today 1 stopped out loser 100% pissed. Because that loser wasn't even suppose to be a trade.
entry LONG TDY 41.85 LARGE POSITION. STOP 41.79 Under no circumstances will Tomorrow's price dip below todays low. TARGET: 42.90 #2ND TARGET: 45.00
been working on another business (video on the internet but i will be dedicating 1 hour for investments and short speculations per day. better to be in the game then completely oblivious of the game. -------------- Some thoughts: Aggressiveness, Going to turn on the aggressiveness full blast, I use to be a defensive trader, I will try to change my ways into an offensive trader. No risk No gain As a defensive trader, I sit on the sidelines WAY too much , I think there was a time when I sat through 2 weeks of 0 trades, on a price action trade. Research, This is going to be my change of 2007 , The stock investments I do, will be researched out, so my confidence in the trade will not only be on technicals but on fundamentals. fund + tech + position = $. I will be looking for information edges.... should be interesting ----------------- My current market bias: short
FYI I made $15k off the markets last year. Less the mininum wage, but hey, I didn't lose any money. We will try to make more this year.
Aggressive trading Vs Defensive trading Aggressive trading is not just attacking all trades, In my opinion its very simply put Like a lion, he does not attack every bird , worm, squirrel he see,s he waits for a fat ass zebra and chases it down like a caveman in heat. I think htats the idea of aggressive trading, to wait for the right opportunities which provide the liquidity to put on the size. Now daytrading, I can see , unless we asre trading nvda or csco , liquidity is hard to come by. And now we proceed. ----------- I always asked myself, if I am trading aggresivelly enough, or are the right signals coming along, now that I have checked myself, I was trading aggressively but the signals I came up with were not as good as they can be. More innovation would be required, thinking out of the box.... ---- Size is never an issue for me, when I'm confident, size is always on, and I think I have the aggressive part Its finding the opportunties and edge, that requires improvement In this day and age, who DOESN'T have size? A proptrader with $10k probably has $500k to bang with.