Wednesday, September 26, 2007

Sold 200 of 300 DE, Bought 100 NMX

Well, the post title pretty much sums it up. I took the quick and easy gains on the DE, selling 100 at $143.51 and another 100 at $144.37. I'll hold the other 100 until it breaks my entry.

Also, taking a tip from Momojuicing, I picked up a little NMX for the swing. I love the daily chart on it so I figured I'd give it a shot. I got 100 at $129.17. A break of $130 would be sweet. As for downside risk, I'd be out if it broke the low of the day, around $126 or so...

So with these transactions, my "swing" account currently has these 3 positions.

100 DE
100 NMX
100 POT


Bluedog said...

Dino, thanks for sharing your swing trades. I freed up some money today to start some swings as well. I'm losing money chasing pennies by the minute when there are dollars to gain in these swing trades.


Dinosaur Trader said...


Yeah, I'm too old and slow for this minute to minute chop right now... some markets (August) with volatility and volume should be traded actively. However, when things are slower, I think the swingers take the cake.