lowtrade

[lowtrade]

Closed 2 long positions at end of day today. My 2 year divvy in NYMT and my new Q position play at ROST.

Moved into ROST in Sept, when I closed MSFT @ target. Plan was 74 to 84 target, on mid term flag. Took advantage of todays pop, as I don't feel sentiment for continuation to 84 will hold. Out at 82 and happy.
http://stockcharts.com/h-sc/ui?s=ROST&p=D&yr=0&mn=6&dy=0&id=p64497358818

Been liking F ford for come back position play and just closed a swing trade there. Now watching F of new flag to take a position trade there until the end of this year.
http://stockcharts.com/h-sc/ui?s=F&p=D&yr=0&mn=6&dy=0&id=p43740485209

Will cover dividend trade in next post.

But the lesson in this post is when your investing long; you need to plan on the next position trade, before leaving the current one.

I left MSFT but was watching ROST for entry. Left ROST but am watching F for entry. When investing you need plans just like swing trading. Maybe more so. Because investing requires knowledge of the financial psychology to keep a climb climbing for several months. Basic, simple and clean; insider action, management performance and short interest will support mid term direction. And without support mid term targets have lower odds for mid term chart target being achieved.