{"id":18431,"date":"2012-04-17T19:57:24","date_gmt":"2012-04-17T23:57:24","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=18431"},"modified":"2012-04-17T19:57:24","modified_gmt":"2012-04-17T23:57:24","slug":"buy-sell-move-on","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/buy-sell-move-on","title":{"rendered":"Buy, sell, move on"},"content":{"rendered":"

Below is an argument from a trader on our desk not to hold stocks during this earnings season. \u00a0The trader suggests to get in and out and not expect much follow through with stocks to the upside.<\/p>\n

Kind of a frustrating market day because the market is slowly grinding higher throughout the day but individual stocks don\u2019t really make hods. It\u2019s a narrow market. Nothing seems to hold higher after the first leg.<\/strong><\/p>\n

I\u2019m not seeing any plays to hold all day…. unless it\u2019s AAPL… All I see in one trade at a time. If a stock\u2019s a long, you go long, sell into pop, then start all over by waiting for another entry later. If you hold too long, it seems like you always have to face a difficult fork in the road… roll the dice on 40c profit and risk 30-50% of it on a trailed stop that isn\u2019t really that great, or let the stock breathe and prove it\u2019s no longer strong\/weak and risk the entire PnL<\/strong><\/p>\n

The stuff that\u2019s really worth holding has that \u201coomph\u201d factor where it can speed up… either a momentum stock, game changing news, high short float, or very emotional psychology. Last earnings quarter, that stuff was really good. You had GMCR, NFLX, FSLR, DNDN, DMND, SINA with nice moves.<\/p>\n

I just tried to \u201cmove on quickly\u201d today. I take my trade, I move on. Don\u2019t care if it trades higher. If a stock has too much BS at a level, I don\u2019t get obsessed about trying to get back in asap. The upside on stocks like KO, FRX, EDU, STT, etc — just not that great. They traded like common relative strength plays. None of them had the pre-market order flow to trade momentum. Not a single one of them is on the top-20 strong today. The volume multiple isn\u2019t there, the gap % isn\u2019t there, the daily chart isn\u2019t there, and the fundamental stories aren\u2019t there to get anyone excited.<\/p>\n

FSLR was the play today, it just pulled in too much on the open and convinced me it was likely another gap-and-crap or let down day. The 1-minute and ticks looked unusually good at 10:15 am though.<\/p>\n

<\/strong><\/strong>I am probably trading too small lately. I guess I am just not in the mood to lose a lot in this market. Most of my plays today were taking the callouts of others and hoping they work. It\u2019s times like this where \u00a0I wonder if I am relying too much on my opinion on whether something will be a good play. Should I get bigger because I believe in the play and it\u2019s my idea, or get bigger just because I can, because .61 bought a little or .77 sold a little…even if it\u2019s just a random play.<\/strong><\/p><\/blockquote>\n

Do you agree with this trader that this market is not rewarding holding trading positions?<\/p>\n

Bella<\/p>\n

One Good Trade<\/a><\/p>\n

\"\"<\/a><\/p>\n

no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Below is an argument from a trader on our desk not to hold stocks during this earnings season. \u00a0The trader suggests to get in and out and not expect much follow through with stocks to the upside. Kind of a frustrating market day because the market is slowly grinding higher throughout the day but individual stocks don\u2019t really make hods. … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[162,1193,653,301,1996,1354,1989,1349],"class_list":["post-18431","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-day-trading-blog","tag-trader-education","tag-trader-training","tag-trading-blog","tag-trading-class","tag-trading-coach","tag-trading-course","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nBuy, sell, move on | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/buy-sell-move-on\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy, sell, move on | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Below is an argument from a trader on our desk not to hold stocks during this earnings season. \u00a0The trader suggests to get in and out and not expect much follow through with stocks to the upside. Kind of a frustrating market day because the market is slowly grinding higher throughout the day but individual stocks don\u2019t really make hods. ... 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