My Swing Trading Strategy No new positions added to the portfolio yesterday, though I did tighten the stops, and will look to do the same again today, while also possibly adding more 1-2 new trades as well. Again, when the market is uncertain, and not overly accommodating, doing less is more, so I am very
My Swing Trading Strategy It was a relatively quiet day of trading for me yesterday as I didn’t book any gains, and added only one new position to the portfolio. The market, as it sits a shade below its all-time highs, isn’t providing a ton of clues or showing any substantial conviction as to what
My Swing Trading Strategy I took profits yesterday in BABA for a +2.3% profit, while getting knocked out of another long position at my stop following the China news that hit the wire. I still have one long position and one short position – both of which are holding respectable profits. If the market continues to
My Swing Trading Strategy I booked profits in Square (SQ) yesterday at $59.01 for a +2.6% profit. Not as much as I would have liked, but it simply could not push and stay above the resistance at $60. I added two additional new trades yesterday as well including a short position on SPX. Indicators Volatility Index
My Swing Trading Strategy Three of my four positions increased in value yesterday, the other was stopped out by the volatility created by the FOMC Statement. I’ll be looking to add one new position to the portfolio today, possibly two. Indicators Volatility Index (VIX) – a 3.4% decline yesterday pushed the VIX just below the 14
My Swing Trading Strategy I was stopped out of my trade in Macy’s (M) for a loss yesterday, right at the open. I replaced the stock with a healthcare stock, and will hold off on making any additional trading decisions until after the FOMC Statement today. Indicators Volatility Index (VIX) – A 1.5% decline, wiped out much
My Swing Trading Strategy I kept all of my current positions that I came into the day with and added one additional trade in the retail sector. I’m not looking at adding any additional trades at this point, and will rest on my current trades, until this market can show that it is ready to
My Swing Trading Strategy I raised my stop-loss on SHOP on Friday to $351.09 on Friday and took profits there for a +2.2% profit. Not a huge gain, but by using a stop-loss it prevented a big loss. I also added one additional swing-trade on Friday. With today’s weakness I will likely play it careful
My Swing Trading Strategy I didn’t add any new long positions to the portfolio yesterday as the market wasn’t showing quality breadth or conviction that would be enough to lead me to increasing my long exposure. Today may be more of the same, if the bulls come out trying to give up its early morning
My Swing Trading Strategy I added two new long positions to the portfolio, both finishing in the green, and increasing my long exposure in the process. If I add more long exposure today it won’t be more than just one long position. So far, I have not seen any reason in this current market condition