StockFetcher Forums · General Discussion · SID<< >>Post Follow-up
11,043 posts
msg #55772
Ignore johnpaulca
10/17/2007 9:24:34 AM

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

11,043 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.

6,359 posts
msg #55775
Ignore TheRumpledOne
10/17/2007 9:58:53 AM

/* 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

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

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?

11,043 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

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