[Swing Trading Journal] November 9 (Mon) | Profit/Loss ±0 yen (No trades) | Carefully observing the rebound on the business day following the sharp drop

No trades today.
Profit/loss is ±0 yen.

I couldn’t watch the screen in the morning, but
since it’s swing trading, it’s not a problem.
I checked the charts in the afternoon and after the market closed.

[Today’s Results]

Profit/Loss: ±0 yen
Number of trades: 0
Cumulative swing total: ±0 yen

[Overall Market]

The Nikkei Stock Average, which fell by about 3,500 yen on Friday,
rose by over 1,700 yen today.
It was at 59,164 yen (+3.01%) just after 1:00 PM.

However, it is still far below the 25-day moving average,
and the major trend remains downward.
Volatile price movements of several thousand yen per day continue.

[Sekisui Chemical (4228)]

Closed at 652 yen (low of 638 yen) on Friday.

Today, it opened with a gap up at 685 yen,
and rose to 700 yen at one point.
However, it was pushed back from there,
and closed at its low of 675 yen.

With a long upper wick remaining,
it was a day where “there were many people wanting to sell at the top,
and the buying power did not last.”

Since this happened even on a day when the Nikkei was up 3%,
the momentum of Sekisui Chemical itself still seems weak.

[Today’s Decision]

I decided not to place any orders and to wait for 1-2 days.

・If it closes below 672 yen, remove it from the candidates
・If the decline stops and it exceeds 700 yen,
　consider a buy order
・Wait for the Nikkei’s daily fluctuation
　to settle within 1,000 yen

[Tonight’s Swing Candidates]

Tonight’s candidate is one stock: Chugoku Electric Power (9504).
It surged on 11/2, fell for three days, and rebounded today.

However, its position relative to the 25-day moving average and the next earnings date are unconfirmed,
and the fundamentals are somewhat weak.
I will decide after checking the charts.

[Reflections]

Seeing a large rebound after a sharp drop,
it’s easy to feel impatient, thinking I’ve “missed the boat.”

However, seeing it close with an upper wick on the day of the rebound,
I felt glad I didn’t jump in immediately.

With swing trading, even if I can’t watch the market in the morning,
I can check the charts at night and make decisions.
It was a day where I felt it suits my lifestyle.

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*This article is for my own records.
It does not recommend buying or selling any specific stocks.