Filtering by Tag: qcom
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.
Another thing to keep in mind ... now that I've got the swing of the LiveCharts, I'm able to look through things quickly and come up with a daily idea.