Tuesday, March 9, 2010

Game Plan

I feel more comfortable buying swing trades.  I need to focus more on swings.  I also feel more comfortable buying stocks near the lows -- but the caveat being -- I need to wait for the first sign of an impending new trend.... whether it's a sign of volume. or a 20 day MA break or other.

 Then -- I can always start with a small position and add - since the swing will last many days.

The trades should come in chunks.  First profit taking... then getting in, then scaling out.  But all over a fluid process.

 Too much focus on daytrading is a distraction and hardly profitable.

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