Entering another phase of my trading life.
I've owned and followed Apple for a long time. I bought shares when they were down around $20-30 and have sold off chunks of my holding to cover house down payments. They've been a good stock to me. Also, I love their products and am an avowed "Machead". I've owned at least one of their computers since 1984.
However, they are a notoriously volatile stock. $180 this week, $150 the next, back up to $190. Boing, boing, boing.
But I've always been a "buy-and-hold" investor/trader. I think I'm ready to change that. I've decided to try to actively take advantage of this bounciness. I bought a few shares when they dipped to $149 after their last earnings report; they quickly recovered, and are now back above $170. I've put in a stop-loss order of $172.
We'll see if I can make this work: Watch AAPL news - which I do anyway being a fanboi, buy on the dips, wait for the climb and put in stop-loss orders. Seems like a pretty simple formula. Unless, of course, they dip, and dip, and dip.
I expect those of you who have been at this a long time are saying, "Duh!". But this is my first intentional move into being an "active" trader.
We'll see how it turns out.