To: Jenna who wrote (28432 ) 3/19/1999 4:14:00 PM From: Jenna Read Replies (1) | Respond to of 120523
Intermediate hold Versus Swing Trade.. How to determine entry? One of the questions i've gotten most from posters and subscribers are about entries and exits for longer term holds. These will most likely be your most profitable and less risky trades from our newsletter these (and that also gives me an indication as to why our most successful traders are part time traders who usually get a newsletter stock that beat the street and hold it because they really can't track it that well intraday) Of course we'd like you to track the stocks at least once or twice daily and set stops. This weekend I will put together using either bollinger bands, trendline breakouts, or channel breakouts a dual trading strategy so those of you who would like to hold a stock longer than 2-5 days, you will have a good idea of when to enter a trade. Roughly speaking you must always look at a much longer trend breakout as well as the few weeks breakout. Tonight I will have some chart examples and explanations. My average trade is probably 2-5 days in the trading portfolio and for internets its usually 10 days then I can take the stock after 2 weeks (usually its a 'remnant' of my original position) and just transfer it into intermediate portfolio which is what I did with NTBK,BVSN,COOL,ABOV,VRIO,VRSN,DCLK.. from this portfolio I have sold CMGI, CNET and GNET completely. I will not hold stocks there that are 'one day wonders' but only stocks that have come out of my own scans, where I track volatility,market capitalization, revenue increase across the past and present and estimated for the future,historical price patterns, breakout levels, sales, share of the market etc. Remember there is no substitution for reading up on Technical Analysis.. We are here to give you trading guidelines but we assume you will continue learning more on your own.