Stock Swing Traders

krazykarl,
Thanks for the comments :)

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I'm back , my system is the same,
My entries have been improved in the aspect of
coordinating it with NYSE's movements to the T. **EXTREMELY IMPORTANT IMPROVEMENT*

My other new improvement is the martingale style entries.
Anybody who wants to discuss, can pm me for IM info.


My 2 month exercusion has been extremely beneficial, now that my business is back to bringing in great income. Its always good to clear your mind , take a break,
come back when the market does its short killing rallies.

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Today has been one of my best days of my trading career, Not going to post the results since I didn't post the entries last night which I was , but had cold feet :)

Posting here has always been extremely beneficial to my trading, so I think I'll continue.




I'll post my outlook later tonight, and entries outloook.
 
Unlikely to be any new entries this week,
Market will fall back ,
(swing) Entering now is akin to taking crumbs off the table when the apple pie has been eaten.

These types of rallies are not sustainable.




70% of my position was sold today,

I sell 1/2 positions out @ 5-8% profits,
I don't look for more anymore,

Its counterproductive to look for more profits, when a stock races up 7% in one day.

That is 6% too much.

I prefer steady gains for 3-4 days for 1% each, and THEN a blowout rally for 3-5% for a total of 8-10% in 1 week.

But one day 6-7%, thats money, thats profit taking.

One must understand, we are under 50MA .
Any rallies are bullshit unless confirmed otherwise.

Buy and hold here is the same as saving your ice cream for later on a NY summer day. It'll be gone soon enough.


:)
 
100% closed out of positions.

Today I'm devising a new feature,
where I never give back profits of more then 1%.

Unless its a small position partial of a large.
 
I haven't posted my ideas lately, so will post one that has been circulating in my head.

If you know how I trade, you know I use extremely tight stops,
Some people will say they don't work in the market, I was starting to believe them just a little ,
but I realized, looking back to many of my trades, all the stop outs I had, the price action never resumed to my direction, they always went the opposite.

So from this conclusion, I can easily conclude, it wasn't the tight stop that had a problem, it was the lack of extreme intricate knowledge of how to detect fake entries.

The profitable positions I put on, are ALWAYS profitable straight from the get go, even with a 5 cent stop, yes a 5 cent stop.

This further proves my theory that, my knowledge is still lacking to a degree that I can not have a 75% win / 25% lost ratio with a 10 cent stop and a $3 dollar gain.

I currently have a 30% win 70% lose, or more like 1/3 wins out of 3 trades.

But when I win , I win, it makes up for like 50 losts big time.

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To this belief, I steadily improve my knowledge, its not knowledge anymore, its more like small QUIRKS on how to use the system.

The fine details is the most important of the system, a system can be simple as can slim, it can be simple as 123 , it can be simple as buy big bid, it can be simple as anything

but its those fine details, that intricate knowledge of what wrong is, that opposite view on what would go wrong vs what would go right that few people would see

that makes you an insanely profitable.

I will work on to make my win ratio 50% , 1 out of 2 tries.
I have decided I will learn some tape reading to improve this.

tape read + chart read = crazy delicious.


That would be incredible.
 
My dreams are to take my position size from

CURRENT: 100k-150k 3,000 lot size.
->
FUTURE: 150k-400k 5,000 - 10,000 lot size.

My current max position has been still 3,000 on a $50 stock.
Once I improve my win ratio,
I will ROCKET my size.

I will take it slowly, I dare not take any large bets and kill my gradual buildup and my confidence.

So it will be in 500 share size incremenets,
3,500 -> 4,000 -> 4,500 -> 5,000 -> 5,500
Incremented after PROFITABLE trades only.


<b>I dream of trading nysekiller / readern metals SIZE, very insipirational.</b>
I know it can be done sooner or later. Just going to take some more time.

Trading is a gradual buildup.
 
what business do you have ? I am given to believe that business owners have to spend inordinate amounts of time on their business. If so, how does that give you the uninterrupted stretch of time to follow the market ?
 
Quote from coolweb:

..
<b>I dream of trading nysekiller / readern metals SIZE, very insipirational.</b>
I know it can be done sooner or later. Just going to take some more time.

Trading is a gradual buildup.
More...

you mean Rearden Metal , inspirational...detail, detail :D
 
Quote from ssunny654:

what business do you have ? I am given to believe that business owners have to spend inordinate amounts of time on their business. If so, how does that give you the uninterrupted stretch of time to follow the market ?
More...

I'm not in the startup mode in business, Its almost a decade old.

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No entries yet.. Waiting for the right moon reflection.
 
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