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Strategies & Market Trends : Swing Trading With Options

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To: underdog430 who started this subject	8/17/2001 2:53:38 PM
From: underdog430	of 88

Trading Psychology Whether it's about day trading in general or just in the current market, there's no shortage of talk that it is a losing proposition. Certain stocks can easily get more or less difficult to trade and I think that times are tougher for longer term investors and traders. Nevertheless, I think that day trading opportunities are clearly there and I think that is especially true for the eminis (ES and NQ). What I didn't like about trading the ES was the psychological toll that it had. I just don't think that I'm well suited to trading in a very short time frame (which for me was the three minute). This is one of the primary reasons that I'm switching to swing trading and I think that swing trading is particularly suited to use with options. Even though I'm changing time frames, I still think that the old rules still apply. For me that means 1) trade with the trend, 2) wait for the setup, and 3) limit your losses. These are all really basic and yet I've struggled with all three. I am very aware of the importance of psychology in trading but it always helps to have a reminder. Today's reminder is an interview with Teresa Lo (trendVUE) at innerworth.com I like Teresa's analysis but I've never liked the ways in which it is provided (just a personal preference issue). What has always impressed me, however, is Teresa's discipline. Sure, it took a couple of blowouts, but she's solid now! The INNERWORTH site is kind of interesting in that it is devoted to trading psychology. There are premium features available for what look like reasonable fees but the free content is nice and solid (if not necessarily impressive or extensive).

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