Yesterday, CAGC gapped down passed a crucial support line (for this specific trade) and past my stop. Luckily, it traded up to my stop limit price and I got my fill before it closed lower on the day. Today, the broad markets are all up .5% or more and CAGC is dropping about 7%! The verdict: wait for CAGC to finish selling off and look for another bullish set up down the road. I would not recommend shorting CAGC as the fundamentals are strong (otherwise I would not have traded it long).
Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.
Happy Trading,
Jason
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After one very successful trade in CAGC, I am back in it on a pull back play. I expect resistance at 28.77 and 30.75 and the round number of 30. If CAGC makes another bullish set up and breaks above these resistance areas, I will add more. Be careful if you are playing this one as it is VERY volatile. Take the ATR of $2 into consideration when trading CAGC.
Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately!
Happy Trading,
Jason
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This is another long term trade (position trade). My position size starts off very small on these trades, and as they make new highs and new bullish set ups, I add to my position.
Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.
Happy Trading,
Jason
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I have locked in my profits already on this trade. I will add to my position on a high base breakout/ascending triangle breakout if we get one. I expect CMG to run into resistance in the $124 to $130 range.
Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.
Happy Trading,
Jason
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So far, this trade is profitable. Looking for a continuation play on a breakout of the ascending triangle that appears to be forming right now. I will add to my position aggressively if I deem it appropriate.
Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.
Happy Trading,
Jason
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Successful swing trade in MED. Got stopped out for no loss or a small gain.
Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately!
Happy Trading,
Jason
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This is a long term trade to say the least. If anything, you can call this one a position trade. Swing trades are usually 2 days to 2 weeks. I personally like trades that are a little longer than average swing trades.
Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.
Happy Trading,
Jason
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If you recall this post, I stated that we had put in a swing low that would last for a while. Well, I could not have been more right. Since I made that call, the S&P has risen 9.3%! During this most recent up leg, I made many successful trades to the long side (CAGC for example). Unfortunately, my stop on UPRO was a bit too tight, so I missed out on 30%+ run.
I love technical analysis!
Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.
Happy Trading,
Jason
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