Long Ideas, 9/7/11

by Young Guns Trading, Benzinga Contributor
September 7, 2011 4:03 PM | 1 min read |
I'm back with more long ideas. If the market breaks down, the high probability trades will be to the short side. That being said, if it doesn't break down, we could see major buying pressure come in as people will be covering shorts and there will be the fear/greed associated with chasing a rally to fuel the fire. I think it is silly not to have long exposure in this market.

Keep positions sizes manageable, and know your risk. Wide stops will work better in this high volatility market. Keep in mind, I am a swing and trend trader, sometimes you can call it position trading too, so I have a much broader outlook than the day traders. Most of these stocks are at or near all time highs, so upside targets are tough to quantify (you could try Fibonacci extensions, or you could just ride trends like I do).

Stay true to your strategy and know that these are just ideas for you to look at. Another perspective can always add something to your game.


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