for how long a swing trader should stay in a stock trading
sideways (or slightly lower)after a large move up?
Of late, I find myself jumping into a stock about the 3rd or 4th
day after it begins flagging on a daily chart, then
hang on for too many days, only to see the stock
drop. Yes, I'm stopped out at a modest loss since I
always put in a stop loss order, but I'm wondering if I'm
staying in too long hoping for the pattern to play out.
Thoughts? After about 6 days of sideways movement, my
gut says the pattern isn't following through so "get out", but I
rarely listen to it and hold too long.
Anyone have a suggestion.......
Posted by RichieD on 22nd of Oct 2014 at 01:21 pm
for how long a swing trader should stay in a stock trading sideways (or slightly lower)after a large move up?
Of late, I find myself jumping into a stock about the 3rd or 4th day after it begins flagging on a daily chart, then hang on for too many days, only to see the stock drop. Yes, I'm stopped out at a modest loss since I always put in a stop loss order, but I'm wondering if I'm staying in too long hoping for the pattern to play out.
Thoughts? After about 6 days of sideways movement, my gut says the pattern isn't following through so "get out", but I rarely listen to it and hold too long.
Raise your stops, or do
Posted by sbwoman on 22nd of Oct 2014 at 03:13 pm
Raise your stops, or do a covered call?
We'd have to see some
Posted by steve on 22nd of Oct 2014 at 03:15 pm
We'd have to see some examples to properly comment.