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2021 Stock Market

Xring01

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I tried your strategy yesterday. Bought a 25% position @ 58.25 , but got sidetracked to the lake and missed the drop. Got out at $59.25, which turns out to be too early.
I am glad you made a buck.... literally... obviously per share.. but it beats the hell out of losing a buck.

But you kinda missed the entire aspect of a swing trade...

There are alot of different types of swing trades...
I do my best to focus swing trading on company's that I feel are on a steady upwards trend.. that are typically making news cycles frequently, and in sectors that are doing well. But I do make exceptions to this, and I adjust my risk accordingly.
Since stocks tend to have charts that look like sign waves. I do my best to get in on lower portion of the sign wave, and sell on the higher portion of the sign wave.

So, my swing trade idea of DKNG was to get in at $58 area, and hopefully get out in the upper $60's, maybe even mid $70's area.... based on the technical analysis of the chart, that I posted, earlier in this thread...

For now, I am happy with my position on DKNG, and I am holding it for now.... if my analysis is correct, it swings upwards, and I start cashing out as it goes up in price. When I feel its "over extended" or over priced, then I will sell off of it, and get back in on the next pull back... rinse and repeat, as long as I can.
 

C08H18

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I am glad you made a buck.... literally... obviously per share.. but it beats the hell out of losing a buck.

So, my swing trade idea of DKNG was to get in at $58 area, and hopefully get out in the upper $60's, maybe even mid $70's area.... based on the technical analysis of the chart, that I posted, earlier in this thread...
Got it, i was happy making beer money and gas money today.

I doubled down on DKNG just now and will ride it awhile.
 

Xring01

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Got it, i was happy making beer money and gas money today.

I doubled down on DKNG just now and will ride it awhile.
Please do your own research...
Never blindly follow me or anyone...

Set your trading plan..... entry, stops, and profit targets... and the time period is should take to hit your profit targets... Swing trade can be over night, 2 days or even a month or more.. pending the price action of that stock.

I do things, because I have done the research, that gives me the confidence to hold a trade that may be red for awhile, because my research has given the the conviction/confidence of that trade...

If you don't do your research, and blindly follow... what happens, when you wake up tomorrow and see DKNG at $57.25??? Are you going to sell at a loss? Hold??? or ???

The reason why I share what I do is for educational aspects, by sharing with you guys, re enforces the things that I have learned, making me a better trader/investor.
 
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C08H18

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Please do your own research...
Never blindly follow me or anyone...

Set your trading plan..... entry, stops, and profit targets...

The reason why I share what I do is for educational aspects, by sharing with you guys, re enforces the things that I have learned, making me a better trader/investor.
Trust me when i say i'm very calculated wrt investment decisions. Once in a while i'll walk thru the casino and drop a $5 bill into a slot machine for no reason and no expectation. I'm not a gambler per se. The DKNG trade, although I did research it, was like dropping a $5 bill. For the same reasons you share your strategy, I played your hand today.
 

bldrinker

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I’m having a stellar day.

I’m planning to hold Walmart until 145 then cut it down by half or more and put it into ARKK or VOO

When Apple hits 140 I’m going to sell maybe 10shares of it and put it in VOO or VUG.

I will then mostly not even watch this account for a while.
 

C08H18

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@bldrinker
A few days back you asked about ETF recommendations. I happened to sort thru my ETF holdings today. Here's what i hold in an acct setup for balance. I do overweight US holdings over foreign. As you can see, most are pushed to the 52 wk high.

Screen Shot 2021-04-13 at 12.03.09 PM.png
 

attitude

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No, but it will be fun to watch it and the crypto market as a whole. Everything is up. Including doge. 🤦🏻‍♂️
I’m not sure who recommended VET coin on here a while ago but I bought in at 5 cents and it hit 17 cents yesterday. I owe them a beer lol.
 

C08H18

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ALKT also IPO'd today. Popped 60% and hanging around 48.xx. I don't see the same upside with ALKT as with COIN and all the hype and interest with crypto.
 

LargeOrangeFont

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saw COIN opening at $369 in one article as of 10 mins ago.
 

LargeOrangeFont

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WSB is saying $400 is a safe bet to set your opening bid, but it’s WSB... so of corse mine is now set for 3 shares at $403
On the fence if I should get in.. I may regret it in a week. :p Or be happy I didn't bother.
 

LargeOrangeFont

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My profits in crypto and Tesla may have me feeling a little over confident, if I’m up I will sell before close.
Thinking of selling my position in JNUG and flipping it to COIN for the day to see what happens.
 

DaBank

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I put 3 orders in for Coin at $400,$350 and $300.
The $400 order has filled.
 

LargeOrangeFont

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Floundering around $383 now.

Now back up close to $400 again.
 

MSum661

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COIN: $94 Billion Market Cap.
Lol, Don't walk....run away from that as fast as you can!
Wouldn't touch it until it gets slammed to maybe a $40 Billion Market Cap and that would put the PPS at around $170.00.
Ludicrous is an understatement.
 

LargeOrangeFont

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Welp I won for today. The JNUG I would have sold to buy COIN, only went down $2 a share LOL.

GUSH up $5.
 

bldrinker

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Xring time to buy more Palantir. I can’t see why it pulled back 5%
 

bldrinker

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Little bit concerned that Palantir didn’t move after the demo day.
 
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