How long have you been in the stock market?

[vindikation]

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.

[Sniper]

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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.

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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.

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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.

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I don't really agree with this... it should be fairly easy to tell how most of the active posters are trading/investing.

Since the 70's.