DSX, Nice Execution

I've been following a pretty tight criteria for picking my stocks I made about a week ago and what's even better is I've had the discipline to stick to that criteria and it's paying off, more ways than one.

 

Got in on DSX at 30.86 just before it broke through resistance as it looked like it would. It was showing a small ascending triangle. I started unloading my shares pretty fast as it blew by resistance and started raising my stop after I unloaded. Stock kept rallying and what I was impressed with is that when the Q's started to make that first dip DSX held it's ground and went neutral by showing us some Doji's. I'd like seeing that, left for a few minutes and came back and saw it was up around 32. At that point I started trailing my stop pretty tightly. I knew I was going to get stopped out at 31.75 which I did and then I'd see it rally again lol. It's funny how those guys will try and wipe out everyone they can before they take off again. It's cut throat out there...

 

I've been very happy with my performance lately. I like the fact that I'm staying discipline and sticking to my guns, however I'll still need to tweak how I trail my stop but I'm happy overall.

 

DSX Quick Trade

I got in on DSX a little too early. I didn't plot out the resistance and got in just under it. When I bought it is when I decided to draw the resistance lol, which is the top red line on the chart. Then it made sense as to why it was struggling to break those levels. Had a quick dip which is when I should of gotten in as it bounced off support but what's done is done.

 

it advanced up to a peak of 63 which was my target but once I saw it hit that level, I'm like, "oh, it'll keep going" Wrong, it dipped again and seem to struggle at the resistance line again so I dropped my target to 42.90 which was the new top of the down trend line. I wasn't going to miss this again so I put in a limit order to bail out at 42.90. It hit my point and I got out.

 

Since then, DSX seems to have pulled back slightly, it could keep going higher but I don't know if it has the strength to break 43 and keep going. I mean, it's already up about 8% which doesn't mean that much but considering the environment I think that's a substantial gain and profit taking could be happening later today but I don't know.