Richard, Good to know I'm not alone. Also, same here with connection, been using AOL lately. Today, I did the 3 clear bars up as a trigger combined with the after midday flat line break on higher volume. So the entry was level-headed, I even checked with the indexes. All lined up ok, but this is really a day trade setup. Stock was already up 3 days from it's correction, so I didn't want to hold overnight. I watched it closely for a while and when the volume picked up with 3 down bars, I sold for about a 3 percent loss. I did save since it continued its drift down. I really can't complain much about it, I did all I could, these things happen and actually, I did everything right and now as I look at it, it was executed rather skillfully. I feel a bit better now going thru it, I guess it's harder to find a reason to be up when the funds went down. On the bright side, I traded well, protected capital and took the risk.
I decided to search for a good swing candidate and found AMK using TC2000 scan and remembered it was mentioned here too. Float looked good and it's got earnings, some institutions, nice chart.
One reason I also have done better on poor general market days is that I look for safer stocks and swing trade. I did ok with AVP, IBI, and PMI. I could probably do well consistently with that kind of stock and forget the volitile ones completely. I'm considering it. Will track them for a while first. -J. |
