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Strategies & Market Trends : Swingtrading - Tricks of the Trade

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To: Brandon who wrote (1)	10/3/1999 11:58:00 AM
From: Brandon	of 551

I personally believe a professional only needs 1- 3 very reliable patterns in order to make a very nice living from the market. The professional trade will study these patterns inside and out, knowing how they act in multiple market situations. We only buy uptrending stocks, and 70% of our shorts will occur in downtrending stocks, the other 30% are in uptrending stocks using indicators we get from Japanese Candlestick Charting. We look at thousands of charts in the course of a day but will only take a trade if it conforms to our patterns. Because we only trade stocks that occur based on our patterns we see many stocks gain an incredible amount passing us by, but this is the price to be a professional. It is our opinion that to make a very nice living one only generally does not need to make more than 5 to 10 trades per week, and as such we tend to be much less active than traditional "daytraders". Brandon www.mtrader.com/swingtrade

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