RIM.TSX gapped up on the open and closed on its highs. After hours (AH) RIMM.NASDAQ is trading up! I'm using the 20EMA (blue) as my guide but expect to close the position tomorrow as the daily 20 and daily PP come into play around $97.00.
Update: Friday January 25th 9:54 EST - Sold my RIM.TSX at $99.00
Update: Friday January 25th 9:54 EST - Sold my RIM.TSX at $99.00
4 comments:
[To me] It always feels good when a swing trade is working... like I am getting something for nothing (i.e. no effort). I suppose I feel that way about trading in general, but more so in a swing trade.
Jim,
When they go according to plan like this one, they're like icing on the cake, but when they get choppy or gap against me (example Cramer says sell,sell,sell when you're holding overnight), I find them more stressful than regular day trades.
Jamie,
1) How often do you swing-trade? If frequently, what % split do you allocate your Total Capital between Day vs. Swing trading?
2) Any particular reason why you use '20' for your 'fast' EMA? (Excuse me if I've missed your explanation in your other posts.)
CDT,
1. I swing trade almost exclusively in my retirement account. My day trading and retirement accounts are separate. The % split favors retirement.
2. 20 ema/50 sma/200 sma commonly used by Wall St. For example, Briefing.com uses these in their technical chart analysis and "in play" alerts. In trading, it's important to focus on what the masses are keying off of.
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