Filtering by Tag: qcom

Walking Through QCOM Play

Added on by C. Maoxian.

The short idea from the other day (QCOM) is working out and I thought I'd walk through a day trader's approach to a swing trading idea. 

If you're sitting in front of a screen all day (or night) long, you can really dial down your risk by monitoring tiny time frames (like the three- and five-minute charts) and spot low risk spots to enter. A dentist swing trading this has her stop up above $74.84 because she doesn't have the time to watch every tick. A day trader can put on a huge position because her stop is so tight, or she can start small but build up very fast to huge as things clearly go her way.