Really nice win on JNUG Thursday +13% +$2,600 profit. I believe this passive swing trading strategy with flexible entries and exits is going to work very well.
Is everyone feeling good about going for 5 – 20% wins on flexible entry and exit stocks versus 20%+ as I initially wanted? Leave comments below.
I have some layout changes to the content section that should make following the passive swing trades even easier, I’m thinking my programmer will have it done by the middle to end of next week but don’t hold me to that, just know it’s coming.
DGLY performed very well for us Thursday too, but I opted to hold the +15% win for more and believe we’ll get it, my only regret here is not owning more shares of this one. Rodman & Renshaw initiated coverage of DGLY with a Buy and $24 price target Thursday. I’m looking for profit in the $16’s on this trade.
Nothing to report on the rest of the portfolio, FNMA and LQMT are solid picks at these prices and both should pay well down the road.
Despite the big win on JNUG I’m still in the hole with this new service to the tune of -$4,400 (mostly from the SD loss) so I have my work cut out for me to get flat and then at a nice profit. I have no doubt the passive swing trading with flexible entries and exits versus long term trading is going to be lucrative so it’s just a matter of time now.
Don’t get me wrong, love the concept of the long term trading but doing it with only 5 open positions at a time is like watching paint dry, I really think the long term trading concept would work well with 15 – 20 open trades at a time. Again, let me know if you like the direction here, I believe strongly this is best for us, but you’re my audience and my job is to serve you so comment below.
I’m not looking to buy anything new today before the weekend and will have a new watch list out for Monday. Have a wonderful and relaxing weekend.