StockFetcher Forums · General Discussion · SID<< >>Post Follow-up
johnpaulca
10,087 posts
msg #55772
Ignore johnpaulca
10/17/2007 9:24:34 AM

picked up some yesterday...a nice position trading stock



johnpaulca
10,087 posts
msg #55773
Ignore johnpaulca
10/17/2007 9:37:58 AM

take a look at this chart FTI...I bought on 10-5-07@57.12...would you sell or hold ???( if you are a swing trader). Good volume with candlesticks showing a stalemate in power. I sold yesterday at 62.80, taking profits is never a bad thing.





TheRumpledOne
6,358 posts
msg #55775
Ignore TheRumpledOne
10/17/2007 9:58:53 AM

Fetcher[
/* profit checker - long only */
apply to symlist(sid)
set{ LongProfit, high - open}
set{Long10, count(longprofit above .10, 100) }
set{Long50, count(longprofit above .50, 100) }
set{Lose, Long10 - Long50}

add column Lose
add column LongProfit
add column Long10
add column Long50

and add column cma(longprofit, 100)

sort column 5 ascending
]



betyerbottomdollar
169 posts
msg #55795
Ignore betyerbottomdollar
10/17/2007 10:20:13 PM

Yup, I think you did the right thing. You set up your entry, took the breakout and sold it when it leveled out. So what if it goes up more? You made $$. Good trade JP

fokane
74 posts
msg #55799
Ignore fokane
10/18/2007 6:08:10 AM

Would you not just put a stop in at the low of the 4th candle in, around $62?

johnpaulca
10,087 posts
msg #55802
Ignore johnpaulca
10/18/2007 9:00:46 AM

Would you not just put a stop in at the low of the 4th candle in, around $62?

My trading style changes in the environment presented. With three downs days in the market i figure i would get in and out as quickly as possible. I used this money and picked up a great breakout of SID and sold after the breakout. Thanks for your feedback .

StockFetcher Forums · General Discussion · SID<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus