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Old 09-28-2005, 12:29 AM
Dan Mezick Dan Mezick is offline
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Join Date: Jun 2004
Location: Foxwoods area
Posts: 297
Default Re: Mid-Term Stock Strategies/Systems

For a 5-to-10 day holding period, you want THE MASTER SWING TRADER, a book by Alan Farley. It's got exactly what you are looking for.

This book details many interesting setups for that short-term holding period. I am NOT a big fan of short holding periods because high frequency trading leads to high transactions costs.

If you are serious about starting, you might consider protecting yourself by limiting your trades initially to

- long stock only
- no margin and
- only stocks over $10 trading at least 200K shares a day.

The basic premise here is that if you cannot master unleveraged long stock in the leading issues, you really cannot master the more complex trading opportunities that are available. Certainly the opportunities trading unleveraged long stock are quite plentiful if you are patient and have a solid methodology. Once you are consistently successful for at least a year trading unleveraged long stock you can move to to shorting, margin leverage etc.

You might also read everything you can on Position Sizing

Alan Farley is a master and he has a very nice, easy-to-follow writing style.

Learn more about Swing Trading at www.hardrightedge.com
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