SwingTrade Member Forum

[BuzzOnDaBeach]

The first thing you'll notice in a "range" bound market is there are fewer big runners, big break outs, and stocks that look like they're going to go big hit a key resistance level and are slapped back down. However, on the flip side, key support levels do provide strenth and buy points for channels.

Now, more than ever, it is important to buy and sell in halves and thirds. Take the small profits on half, keep half in case it happens to break big. If it retraces, you already have profit and you can buy it right back on support. BUT DON'T give back profits. You have to lock them. Think in terms of 10% to 20% instead of 40% to 50% for the first half. Flip in and out, use preset buy and sell levels if need be and if you can't watch all the time. PROFIT IS GOOD. Do not be afraid to TAKE it.

Buzz