Mid-Term Stock Strategies/Systems

[Skip Brutale]

I want to learn about how to trade stocks that i'll hold for like 5 to 10 days but am having a hard time finding anything out. Can someone point me in a direction? I'm really looking for specific things, like a system, indicators, how to select a stock, entry and exit points, etc.

you'll look forever but you won't find anything

[Skip Brutale]

Im sure there are people selling systems.

systems for sale are a waste, they are just optimized and fall apart over time.

[Skip Brutale]

So it is impossible for me to ever learn anything regarding this subject?

[r3vbr]

Ahahahahah 5-10 days is "mid term"? I thought midterm was like 1 year.

[Dan Mezick]

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