The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
Green text on black ok. Green on white? Please change it. It's barely readable.
I agree with that.Pier
I'm still tinkering with the new design. It will probably be finished by the end of the week.Thanks for the feedback.
Quick note that I bought 100 shares of FWLT at $129.26.
You jumped on FWLT too soon imo, I think this one may pull back a little more to 125 or so.Hope it turns around and rallies for you.SWHC still a good short, good thing you bailed on it.TC
I don't mind if FWLT pulls back more. I only bought 100 shares (with a loose stop) and will buy another 200-300 if it does pullback to $125, which is where I see the most support.
Regarding FWLT: Under what circumstances do you advise buying a stock that is not pulled back to support?Why not just wait for the stock to get to 125?Thanks for your thoughts.
Hey TC: SWHC is at 18.4 now, do you think we should still short it? How low is it going?Pete
It depends on your time frame. My FWLT trade is more of a position trade. Since the stock had already pulled back 5 points from it's high, and technically looks like it could breakout to new highs (based on the accumulation pattern), I was willing to take a small "feeler" position here. I never take a position if I'm more than 5 percent away from support or am not willing to place my stop under support. I also use a small position size.
Pete:Definitely would not short SWHC now (18.25). It's too far extended on the downside. Actually, I just covered my short position.The right time to short SWHC was on Sep 13 when it broke down through 20 and closed below.The second opportunity came last week (Sep 19/20) when it rallied back to 20 or so again only to fail again.Hope this helps.TC
No TA guru but SWHC looks like it potentially could go to $17 - just broke its 50 day although shorting somewhere just under $19 would of been a more profitable entry point.
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