SWING TRADE IDEAS
This is a nice and simple trade idea. For a lot of newer traders out there, Learn your basic simple Support and resistance from the Daily chart and work your way in. Not much of a Swing trader but Swing trading this last month has been very profitable for me. You have to take what the market gives you and adapt. Knowing where your support ( demand zone) and resistance (Supply zone) can make you very profitable. On Dec 14, i entered JKS around $54. That was my first entry of 3. i ended up with 2000 shares with an average of 52.70. NEVER go all in with one shot. I use the 1/3 method. My trading plan was hold for about 1-2 weeks. Had it broke below $50, i would have stopped out. Not even a day and she climbed to $63. Yes in hindsight i could have held on some and cashed out near the 80s but i cashed out 90% at $62. Still a nice profitable trade. I'm still holding 100 shares because Energy has and will be a HOT sector this coming year. Something this simple like basic charting goes a long way. Know your entries and exits. Happy Holidays and best of luck for 2021.
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