lol, if all goes well, I dont make any. I try and hold for about 3-5 days until i exit a position. I want to try day trading, just not right now. I need to start off slow first. cm69
Just wondering, I'm in a similar position also. Trying to save up a bit more to get into swing trading and then move into shorter term. Good Luck.
10/27/06 - 10/27/06 (stopped out) Bought SYNA @ 29.00 Sold SYNA @ 28.20 profit - 94.00 after coms review I'm not trying to blame others for my trade going sour, but becuse SYNA is a tech stock, its clear why it was down -1.09 today. "Selling remains the name of the game as a reversal in Materials now leaves all 10 sectors in the red. Technology (-1.8%), though, continues to be the biggest drag on sentiment. - yahoo finance. My original stop was at 27.45 (1.55 risk), however I decided to abandon my stop and sell right at the market price. I'm glad I did, as the continuation gap has been filled (bad sign), and after todays trading, a tweezer tops pattern has formed on daily charts. The open and todays high were pretty much the same, showing that buyers were not interesting in pushing the stock higher, or they were waiting for the GDP report to come out before trading. --- On a good note, RHAT ended the day up .81 (5.93%) which was rather good considering its sector was down 1.01%.
http://i14.tinypic.com/2dlmzb8.gif this is a 1 year chart it ran right into resistance, guys got their prays answered and got out even
Shorted 300 YHOO at 26.19 cover with Stops at 26.54 (.35 risk) YHOO has gaped 4 times in the last seven days on average volume. I think its time for a pullback. My PT is not yet established.
if the stock gaps, my stop will take me out of the trade at whatever the current market price is. So yes, my exit could be higher than expected.