case 1: standard price fluctuations. cant predit them, must adjust your risk (and your nerves( accordingly. See the candle on the 15th? first gap up, then finishing in red. thats always a warning sign, it is not unusuall that gaps get closed, but after they finish in green= good sign, in red= bad sign. the next day you see a good gap down and a nice red candle. this is no trend change or anything, its just short term price fluctuations. if you want to swing you must clear and set your mind t sit such things out.
case 2: you went long in a clear down trend. classical mistake of seeking tops and bottoms.
skip the 8-day SMA, it is completely useless. Focus on the meningfull numbers:
20 SMA = 1 month of trading - serves as support/resistance sometimes - also called the “danger zone” in which “fluctuations” are very frequent.
100 SMA = straight number a lot of participants watch
200 SMA = very important for the big guys as it corelates to nearly 1 year of action. Serves very often as support/resistance.
so yes, id call it inexperience.
it takes a lot more to swing trade than to other trading. you must start studiny general market conditions more than a specific stock. keep that in mind, if we have a drop in the dow then almost all stocks drop with it or dont advance, if we have a gain in the dow index then generally even the bad stocks advance. you must conduct a top down analysis, where is the indext heading and then you find the strong stocks in that index and long them if the index looks bullish, and short the weak ones if the index acts bearish. before you enter a trade you must do your homework, you didnt do your homework, especially considering that the american indexes are acting rather bearish the last few weeks and show no clear bias towards up or down. once the indexes show a basis for up then you must long your aces stocks (the ones you determined as strong in beforehand while doing your homework( and you will have a very easy game playing for nice profits.
timing is most important in trading, especially tradin on margin. you did not care for timing in your trades, you saw a big juicy bone and ran after it like a dog crossing the street full of cars that could/would/did run over you. Keep in mind, when you see a bone the next time, determine from which side the cars are coming and wait till there are no cars on the street to cross it to catch your juicy bone.