I think my limits were not advantageous for swing trading and actually
proved ineffectual. I sold the shares on June 20 at $61.60 for a modest profit.
As it turns out, I could have made a more substantial profit if I had waited one
more day
35
I decided to find another company for swing trading. I decided to invest in
Kraft Foods Inc. (KFT). I set my swing trading channel to between $31.10 and
$31.20 and with my first transaction I was able to buy and sell at those exact
prices. On June 21, I bought 3215 shares for a price of $31.10 per share. That
same day, I saw the price rise $0.10, so I sold the shares and earned myself a
profit. The next day I invested again. The price had dropped below my window
boundaries to $31.00 so I purchased 3225 shares. Again, during that same day
the price rose again to my upper limit of $31.20 and I ended up selling at $31.26
per share. The activity for KFT for the week of June 19 through June 23 is in the
chart below: