Assessing my swing trade

This week I anticipated $STX to have more of a bounce than 60 cents up to 26 dollars. I am analyzing if I want to minimize my risk and lower my position size and take a partial loss. I was thinking that it would be more like $1-$2 jump after a drop of $10. Looking at the announcement time of the earnings being in the morning on Friday the 29th leads me to believe that it is not going to be total bad news and the earnings losers tend to push back their announcements until after the market closes.

I probably minimize my position by roughly 1/4 are hold the rest through the week. $BABY I cut too early and sure enough it went from $29 up to $34 I was too impatient with my swing trade and looking more into the action.

As I’m just back and home, unpacked and back into the swing of prepping of the week I will review Equity Feed. Once I have my list I will open up trading view and check out the charts. I’ll also look at Trade Ideas to see what the software is analyzing as social media posts. Usually when people are talking about a stock there is volume and price action behind it. Of course all sorts of news can come out between now 9 pm and 9:30 am tomorrow, so I will analyze my watchlist again tomorrow morning just before market open to see if my picks are in play or there are others with more potential.

I hope you had a great week this past week and a good weekend. This new job with the freedom to travel to see my family is invaluable. I used to work for free standby travel and now it is much nicer to be able to fly confirmed and enjoy time with family.

I did miss trading, but I was happy to have a week to simply play with my daughter and her cousins those moments are priceless.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

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