6.2. Swing Trading
I invested $100,000 in Johnson & Johnson (JNJ) on June 7 at a price of
$61.00 per share. I would have liked to invest earlier in the day when the price
was lower but I ended up at the $61 price. I decided to use this company for
swing trading and set $61 as the lower limit for my trading channel and $62 as
the upper limit. Perhaps I should have used better limits because in two weeks
time, the price of the stock had not reached $62. Johnson & Johnson’s weekly
activity for the weeks that I had money invested can be seen in the figures on the
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