SHLD - Chart Link - this was my favorite
setup from last night, I only had a few because of the market
volatility, it had a nice base with increasing volume, anyway nice
little break this morning
SHLD - Chart Link - again what I said
below, I already scaled out of 1/2 my position for a nice day trade
as SHLD is up 11% for the day. Again when I'm a bit concerned about
the market I trade things faster and I'm pickier about what I
trade
on SHLD it's now retraced all of the morning gains and is now
down for the day. hope most of you took some initial
profits and kept it tight on the rest. Even though I liked
the pattern it's a crap company that I don't want to hold
anyway, and again I'm not into swings at this time with this
market, it was up over 11% this morning, I've said before when a
trade idea I get it goes up 10% that day I without question sell
1/2 to lock in gains. that's what I did on SHLD, and I had a tight
trailer intra day on the rest that was stopped out for a nice
profit
again read what I wrote below, under a normal market that was
trending up you could give it some room and swing it. however
this market, what happens if what I talked about last night that
concerns me, if the market loses the 200 day MA, it could have a
hard flush down to the Feb lows. If that happened even really
good long setups would likely pullback as well. There are
times to swing and times to be more aggressive on taking profits.
Maybe you can give a stop at today's lows.
Otherwise personally I already scaled out almost 1/2 the
position for nice day trade as it's now up nearly 10% on the
day, I can set a stop that is positive, where I'm guaranteed to
make money because I took some nice profits
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SHLD follow up
Posted by matt on 29th of Mar 2018 at 09:51 am
SHLD - Chart Link - this was my favorite setup from last night, I only had a few because of the market volatility, it had a nice base with increasing volume, anyway nice little break this morning
Update: SHLD follow up
Posted by matt on 29th of Mar 2018 at 10:02 am
SHLD - Chart Link - again what I said below, I already scaled out of 1/2 my position for a nice day trade as SHLD is up 11% for the day. Again when I'm a bit concerned about the market I trade things faster and I'm pickier about what I trade
thnx matt. did the same.
Posted by arton on 29th of Mar 2018 at 10:12 am
thnx matt. did the same. nice trade. enough for the day :)
on SHLD it's now retraced
Posted by matt on 29th of Mar 2018 at 12:10 pm
on SHLD it's now retraced all of the morning gains and is now down for the day. hope most of you took some initial profits and kept it tight on the rest. Even though I liked the pattern it's a crap company that I don't want to hold anyway, and again I'm not into swings at this time with this market, it was up over 11% this morning, I've said before when a trade idea I get it goes up 10% that day I without question sell 1/2 to lock in gains. that's what I did on SHLD, and I had a tight trailer intra day on the rest that was stopped out for a nice profit
don't get me wrong I'm
Posted by matt on 29th of Mar 2018 at 10:13 am
don't get me wrong I'm not out of all of it, I still have about 50%, just trailing it up
Great one. got filled. what
Posted by arton on 29th of Mar 2018 at 09:52 am
Great one. got filled. what will be a logical stop here? thnx
again read what I wrote
Posted by matt on 29th of Mar 2018 at 09:59 am
again read what I wrote below, under a normal market that was trending up you could give it some room and swing it. however this market, what happens if what I talked about last night that concerns me, if the market loses the 200 day MA, it could have a hard flush down to the Feb lows. If that happened even really good long setups would likely pullback as well. There are times to swing and times to be more aggressive on taking profits. Maybe you can give a stop at today's lows.
Otherwise personally I already scaled out almost 1/2 the position for nice day trade as it's now up nearly 10% on the day, I can set a stop that is positive, where I'm guaranteed to make money because I took some nice profits