Daily Trading Plans

My Swing Trading Approach With the overnight sell-off, I will take a wait and see approach. I’ll remain patient and wait for a clear sign from the market that the selling will not extend itself lower, before considering any new long positions.  Indicators

My Swing Trading Approach I will look to add another couple of positions to the portfolio today, but hold off adding any additional positions, until the downtrend is broken.   Indicators

My Swing Trading Approach I added one new swing-trade position to the portfolio on Friday. I will raise the stop-loss to protect profits, and if the market can add to Friday’s gains, I will look to add more long exposure. Getting short is still on the table.  Indicators

My Swing Trading Approach Still 100% cash today. If I do trade today, whether long or short, it will be small increments.  Indicators

My Swing Trading Approach I went 100% cash once the selling began yesterday. Late day sell-offs are making this a very difficult market to rely on here. Trading a small number of positions is a must here. Indicators

My Swing Trading Approach The bulls have to show me that they can overcome yesterday’s bearish engulfing candle pattern. I won’t add further long exposure to the portfolio, unless price stabilizes right here, and I will be tightening my stops in a big way on my positions in order to secure profits.  Indicators

My Swing Trading Approach I’m not opposed to adding a new position in this rally, but stocks are in overbought territory, and may see some profit taking. I’m taking a “wait-and-see” to this market.  Indicators

My Swing Trading Approach I still think this market could easily roll over at this point. That has yet to happen, but price action of late raises a lot of concerns. If the bulls can breakout here today, I will close the short position and keep the current long positions running.  Indicators

My Swing Trading Approach I am positioned to take advantage of this market for whatever direction it decides to go today. Bulls are showing difficulty with maintaining intraday profits and very much susceptible to end of day sell-offs.  Indicators

My Swing Trading Approach My portfolio is quite light going into the open. The bulls need to resume the uptrend here. If so, I’ll be a buyer, otherwise, I will flip to the short side.  Indicators