The Daytrading & Swingtrading Thread

Discuss your favourite picks, broker, and trading or investment style.
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Full position in SPPI @ 15.37
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

deaddog wrote: SCSS: Full position @22.60
Came down and took out breakeven stop @ 22.62
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Got busy today bought

DPS @ 37.99 This is a reversal play. Stop = 37.49
VPHM @ 29.23 breakout play. Stop = 27.40
MNST @100.70 breakout play. Stop = 97.9

Risk on each play 0.8% of account
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

deaddog wrote:Got busy today bought

DPS @ 37.99 This is a reversal play. Stop = 37.49
Stop hit out @ 37.49
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Buy SPG @ 132.75
Stop @ 125 Initial Target 150
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

deaddog wrote:Full position in SPPI @ 15.37
Took loss @ 14.91.
Broke the upward trend line.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Buy BCE @ 40.44
Stop @ 39.44
Initial target: 42.50
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Have to go out; SIMO trading ay 22.00
Trail a 50cent stop.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

deaddog wrote:Have to go out; SIMO trading ay 22.00
Trail a 50cent stop.
Stopped out @ 21.72 for a breakeven type trade (Small gain of 1.73%)
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

deaddog wrote:Buy BCE @ 40.44
Stop @ 39.44
Initial target: 42.50
Hit the stop: out at 39.44
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Started a position in MDCO @ 21.00
Stop @ 20.54 Initial Target = 22.50

3-5 Bar reversal: Stock is in an up trend; Price makes new high then reverses making lower highs and lower lows for 3 or more Bars. Entry when stock moves above the prior bars high; stop at prior bars low; trail stop at prior bars low.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Started a position in JDSU:
In @ 14.56 and will add
Stop @ 13.75
Initial target = 17.00

Breakout: Stock has hit resistance 2 or 3 times and moves above this point on above average volume. Entry just above resistance; Stop just below resistance; Exit with a trailing stop.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Bought @ 50.35 (100.70 before the Stock split)

Sold MNST @ 52.60

Broke the daily trend line yesterday and traded below the 1st hours bar this morning.

I had 2 chances to take profit at the target and held. Shoulda, coulda, woulda.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

I’m taking off for a couple weeks R&R; No phone; No internet.
After much debate I decided to sell everything with the exception of a small position in JDSU. On this position I have a 40 cent trailing stop.

Out of:
AKRX @ 12.72. 15.5% gain
MDCO @ 22.08 5.1% gain
VPHM @ 31.75 8.6% gain
SPG @ 136.63 2.8% gain.

I toyed with the idea of placing trailing stops but decided to cash in. This way I know exactly where I am. I already had the trailing stop set for JDSU and wasn’t fast enough to get it sold at days end. It’s not a full position so it can’t hurt me too bad.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
DenisD
Veteran Contributor
Veteran Contributor
Posts: 4081
Joined: 19 Feb 2005 01:24
Location: Calgary

Re: The Daytrading & Swingtrading Thread

Post by DenisD »

Goldman Traders Lost Money on 17 Days in Q4
firm’s traders lost more than $100 million on two of those days ... Produced more than $100 million on nine out of 63 total days in the quarter
.
.
.
Goldman Sachs, the fifth-biggest U.S. bank by assets, had trading losses on 54 days during 2011, the highest full-year total since 2008 and more than double last year’s number.
.
.
.
Morgan Stanley, the sixth-biggest U.S. bank by assets, said this week that its traders lost money on 22 days during the quarter and on 64 days in all of 2011.
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

deaddog wrote: I already had the trailing stop set for JDSU and wasn’t fast enough to get it sold at days end. It’s not a full position so it can’t hurt me too bad.
JDSU was sold on the 27th @ 13.82.

Image

Not great performance; 
S&P is up 7.6% for the year.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Started a position in EFX @ 44.15
Stop: 42.50
Initial Target: 49.15 (3 times the risk)

Breakout: Stock has hit resistance 2 or 3 times and moves above this point on above average volume.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

EL @ 60.71
Stop= 59.00 Initial Target= 67

Breakout: Stock has hit resistance 2 or 3 times and moves above this point on above average volume. Entry just above resistance; Stop just below resistance; Exit with a trailing stop.
This move doesn’t have the volume I’d like to see but the risk is less than ½ percent of my capital.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

KSWS Starting to build a position @ 4.20
Stop= 3.75 Initial Target=8.00

Bottom fishing/breakout type of trade: Stock had a huge sell off; tested the bottom several times and is now starting to make higher lows. It tested the $4.00 level and today made a new high for 2012. Took a small position and will add if the price continues to advance.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

MOLX @ 27.87
Stop = 26.5 Initial Target = 32

Breakout Play. Risking 0.69% of Starting Capital.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

3-5 Bar reversal: Stock is in an up trend; Price makes new high then reverses making lower highs and lower lows for 3 or more Bars. Entry when stock moves above the prior bars high; stop at prior bars low; trail stop at prior bars low.

Took what I like to refer to as a jumping the gun type of position in DSW @ 54.28

I’m breaking 2 rules for the above set up. Firstly the stock didn’t make a new high but tested and was unable to get thru a recent high. However on the most recent swing up it did close higher than the prior swing up.

Secondly I did not wait for the confirmation and enter the trade at a price higher than the previous days high. I’m entering on a break of the swing highs on a 5 min chart. Right now it looks like the trade should be made tomorrow on a break of todays high.

The rationalization is that the swing lows on the daily chart will be my stop so by anticipating the move I lower my risk.

Stop = 53.20 Initial Target 57.50 Capital at risk = 0.5%
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

WYN @ 45.32 Stop= 44.6 Initial Target = 48.00

3-5 Bar reversal: Stock is in an up trend; Price makes new high then reverses making lower highs and lower lows for 3 or more Bars. Entry when stock moves above the prior bars high; stop at prior bars low; trail stop at prior bars low.

WYN fits all the criteria for the above set up.

Risk = 0.54% of Capital.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

WYN Stopped out @ 44.59
Loss = 1.7%
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Another set up from my Trading Plan.

Trading Range: Stock has traded in a range for at least 2 tests of both high and low. Range will be a minimum of 10% of the stock price. IE: a $25.00 stock will have a range of at least $2.50. Enter a position at or near the low of the range with the stop just below the range.

SFD meets the criteria for the above set up.

Start position @ 22.25 Stop = 21.95 Initial Target = 24.00
Capital at risk = 0.2%
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
User avatar
deaddog
Veteran Contributor
Veteran Contributor
Posts: 3422
Joined: 19 Jan 2008 19:59
Location: Central BC/Arizona

Re: The Daytrading & Swingtrading Thread

Post by deaddog »

Going to be without internet access for a week or so;
Leaving my winter home and headed back to the frozen North.
Hardly any casinos offer free internet. :)
Sold DSW and EFX at break even.
Have put hard stops on the rest.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
Post Reply