• I Am 102927471 :

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• Trytosaveabit : First very nice! But if you don’t know what it means? Allow me to help! It means that you did exactly how I think you should day/swing trade! It appears you took a position and as the price went up you scaled out profits to secure them! While at the same time either believing that the price will continue up/or eventually continue up! So by securing some profits you lowered your cost average to the point that for you to possibly lose on the shares you are still holding, the price would have to go into negative numbers before your remaining shares would be unprofitable! This is how I approach all day/swing trades. Secure profits by scaling out on the way up! Very nicely done! Congratulations on a great trade!

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• BelleWeather OP Trytosaveabit : Thank you! I am trying to learn how to swing trade, after years of buy and hold. Your explanation really helps! I’ve been practicing with a small alt portfolio, mostly, but saw how I might nudge returns up this earnings season, so tried it a bit and the number has gone up so far, and now I’m excited that it’s working. Though will cool my jets a bit, and stick $10 alt coins for awhile to learn. Do you recommend any resources in particular for swing trading? The number out there is overwhelming. And clearly I didn’t understand some basics of what I’m doing here. Thanks again!

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• BelleWeather OP : And THAT’S why my cost basis on Dell is 9.88 USD. OK, yay!

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• Trytosaveabit BelleWeather OP : Hmm! That’s a tough one! Because yes there is so much information out there. Some good, some great and then a bunch of B.S.! Im not sure what the ( right ) way is? Hehehe! It’s very hard to give direct advice because the type of trade one is doing or intending when they are taking a position! But some really helpful information I can recommend and do is Timothy Sykes, Investorsunderground has some good information. Also INVESTOPEDIA is a very reliable/reputable resource! On top of that! I recommend charting on the correct time frames for the type of trade you are doing! Different trades ( day, swing, momentum ) have different parameters! But Chart before taking entry. And use cost positioning! Stick to it and keep emotions out of your trade! The chart/indicators and volume should be your guide!

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• Trytosaveabit BelleWeather OP : Answered your PM!

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