Swing Trade

I got stopped out of my swing trade today of PENN at $29.03, and I lost about 3% of my "trading" capital on the trade. I made one critical mistake, and that was taking on too much risk for my possible return. From now on, I'm going to seek 2 for 1 on each trade.

I'm going to continue with the experiment, but I haven't been able to find any good setups (or what I think are good setups). Plus, the indicators that say whether I should be long or short are in the middle. The market appears to be going sideways as its been between 124 and 128 for almost a month now which probably explains it. I'll keep looking, but it's probably just as well to sit and wait on the market to make a decision up or down.

Here's the final chart of PENN. Thanks for the 4 days of heartache!

I'll win one soon. I'm due...as if that matters.