Replies to post #63954 on SwingTrade Member Forum (SWING)

[BuzzOnDaBeach]

Two examples:

SSTR, I went long a total of 8K shares at 1.25 avg. I sold half at 1.52 locking 24% profit, I kept half. It's now retraced back down to support. I buy back the 4K today I sold at 1.52, a savings of 1,200.00.

MRKL, I went long 2K at 2.00, small because it was tenuous support at best, I added at 2K at 1.85 and 4K 1.77. We had 3 intersecting channel lines at 1.72 and the 50 day m/a. It had to bounce. I sold 4K at 2.02 today from overall average 1.82, and I'm holding 4K for a bigger move, or I'll buy back on retest of 1.72.

Buzz

[BRIG_88]

Buzz...very true...best to take you beer down in percentages....sip say 10%...then draw down deeper as you hit your stride...work your way up to a 50% drain down on one draw and pace yourself.....BRIG