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Swing Trading Toronto Stock Exchange Stocks Rules are : Posts that ridicule, bait, insult, or otherwise personally attack other members will not be tolerated. Stock Must have traded above $10 in the last 52 weeks and must currently be trading above $7.00 minimum. (This rule is to allow us to focus on stocks that will be able to give us a $1-5 swing in a period of 5-20 trading days. We will use any time interval chart as a means of discussion of entry and exit levels. Fundamentals discussions about a stock may only be about Cash and asset levels as a price per share and a brief outline of what they do. All other topics of Fundamentals will not be permitted . News items are to be posted as a link only if the link is available. We want to focus on trading the chart more than the potential move of a pending announcement. If Chart theory holds true, news will be have already been factored into a move well ahead of the actual release , which means the news event day will not be important to our trading only the Chart. General Market Direction discussions are welcomed but must be kept to a range of no more than 90 days. 3 months is long enough to forecast a trend . The discussions are to be kept to general market conditions only and not about why one should buy or sell a specific company. General Market Index Charts are also good for discussion. Example, Dow, Nasdaq, Vix, Spot Gold etc. ******************************************************************************************************* Trading Rules I will keep track of everybodys trade and post the results before trading the following Monday. Each buy/cover trade will be activated using the Time stamp of the post and using the average price paid by the majority of the orders within that 1 minute interval or in the case of a low volume stock, the average price of the highest volume within next 1000's of share traded. Each sell/short trade will be activated using the Time stamp of the post and using the average price paid by the majority of the orders within that 1 minute interval or in the case of a low volume stock, the average price of the highest volume within next 1000's of share traded. each trade will consist of 1000 shares,( a minimum of 1000 shares must have been traded in real time in the stock in order to execute the order) and I will use $25 per trade as cost of transaction. Example , If you post you want to buy NT at 1PM. I will find the average volume trade price during that 1 minute mark and put you down for that price . lets assume that it is $10.60 . I will put you down as having 1000 shares of NT at $10.60 Long, total cost of enrty $10,600 plus commission of $25 = $10625.00 When you sell , I will take the time of the post and use the average volume price during that 1 minute interval and use it to calaculate profit or loss. Example, if you said Sell NT 2 days later at 11:11 am , I would locate the average volume price available during that timeframe of 11:11:00 to 11:11:59 sec and use that for calculations . Let's assume you got $11.60 /share., Then 1000 NT @ $11.60 is $11,600.00 minus $25 Commision is $11,575.00 total cost of exit or Short . Total profit/loss is $11,575 - $ 10,625 = $950 profit or 8.9 % profit. You may go long or Short a trade. Each trade has a maximum 20 trading day range and must be sold at the close on the 20th day and the result reported at the end of the week in the Profit/loss report. Each trade will be Stopped out at a loss automatically when the loss exceeds 10% and will be recorded as a loss at the end of the week in your Profit/loss report. Any stock that falls below the $7 minimum will only be sold when the stock exceeds the 10% stop loss rule . Stocks that are short above $7 are alowed to maintain the short position until exit point or 20 day rule as it falls below $7. no more than 3 stocks can be active at any one time by an individual and the holding period must reflect that of a Swing trade. Anyone trading a shorter time frame will be requested to join the Canadian daytrading thread. Subject 23802 The reason for using timestamps as an entry and exit point is to allow all users equal access to this board and equal representation . The report at the end of the week will allow users to track their performance as well as others. Hopefully we can learn from everyone trades and improve our own. To place a trade , Tell me Stock Ticker, trade and post Bid ask lot size Example LTV Sell Bid 1000 10.55 - 11.35 1000 offer When the stock pick is posted I will use the time and take the average price paid by the majority of the volume trades during that 1 minute interval . If the stock has not traded during that 1 minute interval then I will use the avg of the next 1000's shares traded. If you feel that this is not ok, then when reporting your request to trade Set a limit on your position and advise me when it has been filled with the time so that I can verify at my leasure. Reporting will only happen when the initial trade is opened and a post will appear as ACTIVATED. At the end of trading Friday and prior to Monday open I will post a report that will list each traders open positions and will report the profit/ loss on closed positions only. The header CLOSED OUT will be posted on all exit trades . So for an Example of the Weekend report, Vitalsigns may have 2 Open positions , and 1 closed , they will be reported as follow: For Open Position s: Date, Entry type, Stock Symbol and Price Vitalsigns Open 10/15/01 Long GLE $8.06 10/16/01 Short NT $11.30 For Closed Positions Date, Post #, Stock Symbol, Position Type, Profit/loss, Length of time held Closed 10/14/01 #1021 PDG LONG +$1050 1 day This report will be continuous until the end of the month with full details ,At the beginning of the new months , I will carry over the Profit/loss total dollars and any open positions. At which point i will track the trades for the new months and follow the same format. I will limit the number of traders to 20 for now. There is still space Open 1.Daily trade limit is 3 Entry positions with no single issue having more than 2 Entry positions per day. Once entry has been made you may sell at ANY time with no maximum selling of open positions per day. 2. A Maximum of 3 open positions can be carried at any one time 3. A Maximum of 1 open position per stock at any one time 4. You may place a Stop loss order with Price along your entry position 5. A Stock must have traded a minimum of 1000 shares after you place your order for the order to execute , preferably within a reasonable amount of time. Stocks whose 10 day average volume is less than 30,000 may be too illiquid for this thread and I may require you to make another pick instead. Happy trading and let's have fun. ********************************************************************************************************** This subject is moderated and consistant abusers will be banned. Latest Year to Date Report Sept - OCT 2001 Message 16566795 Latest Profit / Loss Monthly report Month End Oct 2001 Message 16566508 Month End Sept 2001 Message 16430706 Latest Profit/Loss Weekly Report Week Ending Nov 9/2001 Message 16644174 Week Ending Nov 2/2001 Message 16601620 Week Ending Oct 26/01 Message 16566129 Week Ending Oct 19/01 Message 16538267 Week Ending Oct 12/2001 Message 16498771 Week Ending Oct 5 /2001 Message 16465092 Week Ending Sept 28/2001 Message 16430531 Week Ending Sept 21/2001 Message 16404662 Week ending Sept 14/2001 Message 16360305 Week ending Sept 7 /2001 Message 16321679 Week ending Aug 31/2001 Message 16287737 | ||||||||||||
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