|
#1
|
|||
|
|||
Re: How long have you been in the stock market?
[ QUOTE ]
Learn to "Short". [/ QUOTE ] I made a decision to not start shorting until I can confirm I can make a profit with normal trades. Once I show a profit from normal trading, then I will investigate shorting and set up a margin account. [ QUOTE ] You must set stop losses on Swing Trades... protection of capital is your number one priority! [/ QUOTE ] I do use stops now, at the time I didn't that's why I lost a lot on that stock. This mistake should never happen again. Every trade I do now, I set up a stop loss. [ QUOTE ] What system are you using? [/ QUOTE ] I've come up with a something from a combination of things that I've read. CANSLIM, online stock screener ratings and a Swing Trading video from Oliver Velez. I can go into specifics if you want, although it seems like no one here ever really discusses their personal trading systems for whatever reasons. [ QUOTE ] Do you feel stressed out when playing poker too? [/ QUOTE ] No. As I learn more about trading, I'm starting to feel more comfortable. I'm also trying to find out if I really want to swing trade. It takes time at night, time at my real day job and in the morning when the market opens. I might just find some long term ETF investments and not spend so much time on it. I'm still a novice trying to figure this stuff out. |
#2
|
|||
|
|||
Re: How long have you been in the stock market?
well i can see where you are going wrong, using canslim for swing trading aint gonna get you good results, swing trading is more geared to news/story and technical analysis....a good example is SIRI now on howard hype, which should probably do 9 with in the next few wks...an example on the ta side would a short on CFC below 30 on heavy selling pressure
|
#3
|
|||
|
|||
Re: How long have you been in the stock market?
[ QUOTE ]
well i can see where you are going wrong, using canslim for swing trading aint gonna get you good results, [/ QUOTE ] ff, I disagree with this part of what you said... Using CANSLIM as part of his selection process, will ensure that he's making trades in high quality companies... and the cup & handle pattern is a good technical pattern for swing traders! |
#4
|
|||
|
|||
Re: How long have you been in the stock market?
The main idea that I use from CANSLIM is a company that is hitting new highs as well as been growing for the past year. Then I wait for a drop of 3 or more losing days from a new high and then buy when there is a positive day that excedes the previous losing day's high. I set a stop loss at the lowest point that the losing day hit. When (and if) it excedes the previous new high then I start thinking about when and how to exit.
|
#5
|
|||
|
|||
Re: How long have you been in the stock market?
[ QUOTE ]
I made a decision to not start shorting until I can confirm I can make a profit with normal trades. Once I show a profit from normal trading, then I will investigate shorting and set up a margin account. [/ QUOTE ] I like the learning mode... just keep in mind, one of the ways a swing trader can reduce "Market risk" is to have a balance of longs and shorts. To aid your learning process, you might try turning the charts of potential shorts, upside down. For some, this has speeded up the learning curve of identifying good short opportunities. [ QUOTE ] I can go into specifics if you want, although it seems like no one here ever really discusses their personal trading systems for whatever reasons. [/ QUOTE ] I don't really agree with this... it should be fairly easy to tell how most of the active posters are trading/investing. |
|
|