The beauty of swing trading is that it truly allows you to make money from anywhere in the world without being chained to your computer.
I suppose the phrase ‘chained to your computer’ is subjective but for me it means buying a small cap stock using the strategy I teach, passively watching it for a few hours or days before selling it for a hopeful profit.
A few weeks ago my power went out on a Friday morning. Without my fast and reliable Time Warner Road Runner (NYSE:TWX) I activated my backup plan, Verizon’s Hotspot (NYSE:VZ) through my iPhone 5, grabbed my MacBook Pro (NASDAQ:AAPL), jumped in the Land Rover (NYSE:TTM) and headed to Starbucks (NASDAQ:SBUX).
While the market caps of the publicly traded large caps listed above at $59.45 billion (TWX), $142 billion (VZ), $500.32 billion (AAPL), $20.72 billion (TTM) and $61.39 billion (SBUX) are considerably higher than the small caps I trade, $300 million – $2 billion market caps, they all played a big role in me making $7,432 from a Starbucks one fine Friday morning.
I arrived at Starbucks, ordered a Caffe Americano and settled into a nice cozy leather chair.
After powering up the iPhone and MacBook Pro I quickly scanned U.S. stock futures, which were green and knew it was going to be a great day.
The day before (Thursday) I bought and alerted Glu Mobile (NASDAQ:GLUU) at $3.23 and 12-minutes into Friday’s Starbucks session I sold GLUU at $3.44 +7% overnight +$3,100 profit and a few days after shares hit $3.84, guess I sold too soon on that one.
Clearly having covered the cost of my Caffe Americano I could have easily gone to the mall, do some shopping etc… but decided to take advantage of the green market / Starbucks and make a few more trades / drink a more coffee. I ran some quick midday scans, just like I teach and here’s what followed.
Buy alert – Bond Blow Ups bought 2,000 TTS at $12.76 looking for this to squeeze before the weekend. Very risky trade, hard to know all the details which is why it’s listed as a Bond Blow Ups.
Friday 11/15/2013 12:32 p.m. EST alerted by email, text and chat room.
Sell alert – ROCK -n- ROLL! Sold TTS at $13.75 for $1 / share +8% in under an hours work +$2,000 profit. That’s a Bond Blow Ups baby!
At this point I’m +$5,100, buzzing from too much caffeine and hunting for another winner.
Friday 11/15/2013 1:11 p.m. EST alerted by email, text and chat room.
Buy alert – Good afternoon & TGIF! Bond Blow Ups bought 2,000 NQ at $12.64 looking for the Friday reversal and squeeze looking for $.50 to $1 / share. High risk trade which is why it’s a Bond Blow Ups.
There wasn’t any action Friday afternoon on NQ so I headed off to happy hour with friends keeping NQ through the weekend.
Monday 11/18/2013 9:55 a.m. EST alerted by email, text and chat room.
Sell alert – ROCK -n- ROLL! NQ over $14, sold $13.86 +10% +$2,432 overnight. That’s swing trading at its best. 5-10% rinse and repeat, rinse and repeat.
In 2013 I’ve made $265,322 doing the same thing.
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