Replies to post #7755 on lowtrade

[lowtrade]

4 steps; 1/4th of total planned to swing trade each.

This plan was different from my normal 4 step swing, because I expected any move to be fast, and the gain wanted was 50% not 25%.

Normal swing trading plan is; I swing for 25%/12.5% in 4 steps 2nd +/- 5% from 1st, 3rd +/- 10% from 2nd, & 4th +/- 5% from 3rd.

[lowtrade]

pennyFreedom

PS; I choose 50% because of the ascending triangle, I'm trading, showed a personal 75% gain. (.009 first entry to .016) And with a first leg starting run, it normally runs past target and settles at target. Higher then normal emotion!!

So by using 50%, in 4 decreasing % gain steps, totaling 35% higher. I'm really only pricing in a 10% extra emotion factor.

Total high at 85%, not 75% triangle target. I should get all increasing buys closed for 50%. It's all in the numbers. I run them in the plan, before I make the first buy.

If it doesn't run past, to close .0175 & .0185. I'll just close the 3rd & 4th buys at the start of the retrace from the .016 triangle target.

Still better then the normal 25% swing.

This is not a normal swing trade, for me. The chart target projected, caused me to change from my normal plan.