My Investing Journey with Passive Income, Stocks, and Cryptocurrencies!

Category: Swing Trading

QQQ ETF is Fantastic | My Portfolio

The two main ETF’s I’m buying this month are QQQ and ITOT. QQQ is weighted towards the Nasdaq and technology. I think during this Coronavirus crash, weighing heavier towards technology is a wise move. So far, it has paid off quite well.

I just added $400 to my ROTH IRA and $500 to my Traditional IRA. In addition to the above ETF’s, I’m also buying these individual stocks-Universal Forest Products and Chewy. I am up over 25% in Chewy, it is of course a growth stock. Chewy is a company that specializes in pet foot delivery. We use their services and see Chewy boxes all around us via our neighbors each week.

In this video, I discuss these ETF’s and bring you my dividend report SO FAR for the month of June **More Dividends to come!**


So far, my DIVIDENDS are as follows:

Stanley Black & Decker $11.04, IEF $0.61 for a total of $11.65 in my TRADITIONAL IRA

PMM $0.61 in my BROKERAGE. Lots more DIVIDENDS to come in this account!

In my ROTH IRA, VBILX $6.77

I’m FINALLY able to add to my accounts this month, so, I’m looking forward to watching that money grow in the market.

I am currently sitting at 6%; one of my short-term goals is to get my total market ETF’s/Index Funds up to 25%. I also want to continue increasing my position in Chewy, Universal Forest Products, Marten Transports, and Fortinet. I feel strongly that these stocks are going to GROW big over the next few years.

Lastly, I’ll briefly mention my Swing Trade for the month. I am swing trading ROKU. This won’t be a long-term hold for me, I’m simply looking for a 8% gain. I am sitting at 2% right now, holding a bit longer. Update later!

Swing Trade Success

So, over the last month I’ve been doing more SWING TRADING.

What is SWING TRADING?

Swing trading is when you specifically buy a stock with the intention of selling it shortly thereafter. Hold times can be a few days to a few weeks.

Home Depot (in my IRA): I bought this 3/16 through 3/20 and sold on 3/24 for a 6.06% gain

Lowes: I bought on 4/1 and sold on 4/6 for a 8.77% gain

Smucker: I bought this on 3/17 and 3/27 and sold on 4/17 for a 9.7% gain


What sort of strategy do I use for Swing trading?

  1. I only pick stocks I’d be happy holding long-term if I had to. This is just in case the trade turns bad short-term
  2. I ideally want 5-10%; however, as the position size increased and duration is decreased, I am happy with 3%.
  3. I look for support and resistance as well as past chart patterns. I am not much of a technical analysis guide. However, I do base my buying points on previous support levels. I choose when to sell based on prior resistance levels.
  4. Some stocks are cyclical short-term and make good swing trading stocks. Some of these are Delta, Leggett & Platt, Kaiser Aluminum, and Mueller Water Products.
  5. I don’t risk much so if things don’t go my way, I am not out much. At this point, if I can make $100 a month on swing trading I am happy. I prefer buying and holding longer-term ( a year or more). If I sense I can make 10%, I will risk say $500, with a $50 goal in mind. If the stock isn’t as volatile, I will use a larger position $800-$1000 and try for 3-5%.

Personally, I think a lot of LUCK is involved. I don’t have a system. I realize that is not the answer you want to hear, especially when so many people claim to have a system using technical analysis. No exact technical analysis stuff here, I can’t help you really make successful trades other than the small bit of advice I give above to increase your chances. I just look at stocks that I think are unfairly beaten down. Some I watch each week, so I see what I THINK are patterns in their movements, you get familiar with them over the course of a year and that can help as well. There is nothing scientific about it but I must say a bit of a gut feeling is involved after watching the same stocks for long periods of time.

Some stocks are easier to swing trade like Delta, the graph exhibits waves up and down over time. Simply buy when the wave is nearer to the bottom than the top and ride it up for a few percentage points. Kaiser Aluminum looks a lot like that as well. Leggett and Platt is another, very cyclical stocks over a period of months.

Stock Research Websites | Institutional Buying

Here are some of my favorite websites I visit to see what the big guys are buying and selling:

First and Foremost there is Marketbeat.com. This website has a lot of stuff but I look for the institutional buying section and see if there have been inflows and outflows into specific stocks.

Secondly, there is old.nasdaq.com. I used this A LOT when I first began stock investing. They have something called GURU ANALYSIS and it shows you ideas from what a famous investor might pick based on specific metrics they like. For example, they have a Peter Lynch and Benjamin Graham screener. I got A LOT of ideas from this my first month as a stock investor.

I also like holdingschannel.com. Here you can click on a specific institution and see all of their positions, whether they own calls and puts as well. How much their positions have changed. Watch the video below to see me check in on people like Goldman Saachs and their positions.

As always, here is the corresponding youtube video I did on the websites and walking you through using them.

This is of course not a substitute for looking at companies books, looking at valuations; however, I do believe it can be a part of our Due Diligence when it comes to investing in the stock market.

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