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Old 07-11-2016, 07:44 PM   #1
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Default Any swing traders here?

Just curious if we have any swing trader members. Any simple strategies you use?

I started out thinking buy and hold, but I'm waaaay into watching all day, every day. I've come to the conclusion that when stocks reach a certain percentage increase, I should consider a limit sell. I came to this conclusion because our overall portfolio is small, and we don't have cash to add right now.

Today I was proud of myself. Followed my gut, sold near peak, and made $500 holding for 3 months (plus about $65 in dividends). About 14% gain after fees.
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Old 07-11-2016, 07:56 PM   #2
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Nice! 14% for 3 months or calculated over a year?
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Old 07-11-2016, 08:19 PM   #3
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For just over 3 months.
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Old 07-11-2016, 08:40 PM   #4
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Bloody well done!
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Old 07-11-2016, 08:55 PM   #5
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The worst part is currency issues. I'll have to keep track of the exchange rates upon buying. I don't have any other tracking to do because all accounts are registered.
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Old 07-12-2016, 01:08 AM   #6
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I did the "swing trading" and "day trading" scenario for about 11 years..,

Every time I started to feel like I got good at it, the market proved the timing was near impossible. It takes way, way too much discipline. Especially when closing out a position with a loss.

Your natural tendency is to think: "It'll turn around and come my way."

NOT.

I'm not going to advertise how much I lost, but it was BIG. As Trump would say, "really big."

I quit, COLD TURKEY in 2014 with $900 left in my trading account.

80% of day traders LOSE. And the other 20% are liars..,
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Old 07-12-2016, 09:24 AM   #7
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Thanks AB.

I checked out some info on swing trading, and I think that's not exactly my idea. I think what I'm really looking at is a buy and hold selection of decent dividend stocks, but capitalizing on good increases by selling outperformers. Somewhat like rebalancing, but not quite, since the objective is to lock in profit for further reinvestment.
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Old 07-12-2016, 09:43 AM   #8
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I understand the difference you're meaning... I think.

I'm way overweight, (by 'normal' standards), on some high yield dividend stuff as well as some equities that have provided some very nice rises in stock prices. I did, several months ago, sell parts of some positions to lock in some prices.

I wish the disability program SO was under didn't limit or limit as much, the total you can have available through a trust. I'd be far more aggressive. Right now, I'm having to be very careful not to make too many gains.
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Old 07-12-2016, 09:54 AM   #9
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That limitation sucks Sue. . Could you balance out good gains with annual selling losses? Kind of insurance in case it all goes south?
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Old 07-12-2016, 10:07 AM   #10
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I'm carrying a couple of dogs right now - cyclicals that are floundering at the bottom of the pool. Currently, at least taxes owing don't count against the low lifetime total allowable but I think within a few years, I may have to - over 2 years, cash everything out & simply park it in an account. At least doing the yearly taxes will be easier. Selling only losers one year should give me a bit of breathing room through declaring capital losses but... not much.

Ideally, they'll increase the maximum allowable in trust over a life time but I'm not holding my breath.
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