<I don't use charts> What do you use to determine support, resistance, trading range?
<TA, That is why many TA did not catch the bounce in early April> Those stocks bounced because the market bounced. TA is useful & I use it, however it takes a back seat to current news.
<NTAP, GLW, JDSU can make significant bounces..> I agree, add QCOM. These stocks are momentum stocks, at least they have been in the past, and should gain more points in any market bounce than msft, intc, etc.
<averaging my cost; positioin trading> I don't dollar cost average. It's dangerous. High of year GLW 113, NTAP 152, JDSU 140. You would be in a pickle sandwich averaging down on these stocks from the HOY. However, I will concede I know a few very good swing traders who use it, but they keep it controlled and sell all shares if the stock keeps falling below support levels. Since you don't use TA, how do you determine when to bail if the trade goes against you?
<periods around the quarter ends..> You may be on to something here and I do keep a open mind to any new ideas that may increase the chances of making a successful trade.
Have a good one, Frog |
