Comments on Chart Swing Trader: State of the Market - 7/18/08

Oh I c. I agree, if a trade doesn't work right aw...

2008-07-18T19:58:00.000-04:00

Oh I c. I agree, if a trade doesn't work right away, cut that! And the larger your holdings, the tighter the stops. For me, I have a 'workable range' that varies for every stock and I have a ton of other variables running through my head too, kind of CANSLiM-ish. Hehe. Have a good weekend!

Yes, I do use very tight stops and I could probabl...

2008-07-18T19:12:00.000-04:00

Yes, I do use very tight stops and I could probably make them looser. But for the most part, I've found if I enter properly, the stock should work right away. If it doesn't, why stick around to see if eventually will? I can always get back in if I want to, like I did with RIMM today? Also, I usually only have four or five positions and because of that, I would rather not let losses get too big. If I had a lot of small positions, that might work better. I do get stopped out a little too early from time to time, but by keeping my losses very small, my gains can really push the portfolio higher.

As always, trading is a process so I always look for ways to improve.

Hey Mac, I feel yah on the RIMM. I mean, AAPL dow...

2008-07-18T17:58:00.000-04:00

Hey Mac, I feel yah on the RIMM. I mean, AAPL down 6, and RIMM takes off in the final hour? Hmmm.

... you're right, this market just got very hard to trade.

I noticed your stops are super tight, like less than 2%. That's too low for me to exit, I think you're worried about a bear rally in the Nasdaq? No?

-Gio