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Strategies & Market Trends : Swingtrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Brandon who wrote (1)	10/3/1999 11:45:00 AM
From: Brandon	Read Replies (1) \| Respond to of 551

Swingtrading seeks to take advantage of a trend or the reversal of a trend in the market. We look to hold our swingtrades for 1/2 day to 5 days. Swingtrading is different from traditional daytrading in that we are willing to hold trades through intra-day price fluctuations. The market always has a dominant trend, however, there are also a number of smaller trends covering various time periods. Swingtrading aims at taking advantage of the shorter term trend changes, or swings, that take place in a stock within the dominant trend to profit in the market. It is said that professional traders need only 1 to 3 setups and tactics to make a very nice living from the market. We will introduce over a dozen such setups and trading tactics that have worked well for us. Brandon www.mtrader.com/swingtrade

To: Brandon who wrote (1)	10/3/1999 11:54:00 AM
From: Brandon	Respond to of 551

Much has been said recently about the high failure rate in trading. I would like to briefly touch on this. I will be the first person to admit to you that most people who give very active trading a try are not going to find the success they had hoped for. There are many reasons for this. I feel one of the primary causes of failure amongst traders is a lack of education. Let us look at this in another manner. Lets assume for a minute that you and I want to go into business together, we want to open a restaurant. If you call the small business administration right now, they will tell you we have about a 90% chance of failure, much the same as in trading. Now lets assume for a minute that neither you or I know how to cook, or how to run a business? What in the world are we doing starting a restaurant in the first place? If however you are one of the best chefs around, and I have very good business skill, our odds are obviously above 10%. My purpose in starting this thread is education, which is the key to assure that your chances of long term success are above 10% Brandon www.mtrader.com/swingtrade

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