Short Swing Trading
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الموضوع: Short Swing Trading

  1. #1
    تاريخ التسجيل
    Jun 2005
    الإقامة
    amman
    المشاركات
    26

    افتراضي Short Swing Trading

    الموضوع منقول للفائدة :

    WHAT MAKES A REALLY GOOD TRADING STRATEGY?
    Part 1

    Ask most NEW traders, and they will tell you about some moving
    average or combination of indicators or a chart pattern that
    they use.

    This, as the more experienced trader knows, is important and
    can give you an entry point but on it's own, it is NOT a
    strategy.

    Any trader who is more experienced will say a strategy should
    also include your time frame, money management, risk control,
    perhaps stop losses and of course, an exit point.

    Let's just cover those points:

    ENTRY
    There are so many ways to determine a possible entry point it
    is impossible to count them. You can use moving averages,
    trend lines, chart patterns, candlestick patterns,
    support/resistance levels and a wealth of technical indicators.
    And that's apart from any fundamental analysis (profits,
    dividends, PE ratios etc) you might care to do.

    In fact there are so many ways of choosing an entry level that
    it is beyond the scope of this article to go into them.
    Strangely, this is also one of the LEAST important aspects of a
    good strategy.

    TIME FRAME
    You need to decide if you want to be a Buy and Hold investor or
    a shorter-term trader. Day Traders will have time frames in
    minutes. Swing traders will look at a few days or weeks for a
    trade.

    MONEY MANAGEMENT & RISK CONTROL
    Essentially, you must look at how much you are prepared to trade
    with, how much you are prepared to risk on each individual trade
    and the size of your trades. The objective is to preserve
    capital if trading does not go well because once you are out of
    capital you simply can't trade any more.

    STOP LOSSES
    Probably the hardest part of trading and it is always a
    compromise. Some traders do not use stop losses at all. My
    firm belief is that you absolutely must or you will have little
    control over your maximum trade risk. Where to put your stop
    loss must be an integral part of your strategy and once you
    decide, you must stick to it.

    EXIT POINT
    There are two basic methods of deciding when to close a trade.
    You can exit at a calculated target price by using various
    technical tools including Fibonacci retracement, projections
    from chart patterns and many others. Or you can use a trailing
    stop and just stay in the trade until you are stopped out. Both
    of these methods have their merits and downfalls.

    So those are the basic ingredients of a strategy. They are
    important BUT, those are not the only things that make up a
    REALLY GOOD trading strategy.

    There are two other vital ingredients. One of those things we
    will cover now (in Part 1) and the other will be covered in
    Part 2, which you will receive tomorrow.


    YOUR TRADING PERSONALITY
    A well-read and successful trader will tell you that your
    strategy should fit with your "trading personality".

    You may think this is an odd subject to cover but it is vitally
    important and is another fundamental ingredient when designing
    your trading strategy.

    Let me explain.

    We all have different personalities, some people are very
    extrovert while others are shy and retiring. Some people
    thrive on taking risks, others want guarantees on everything
    before they make a decision and even if they do take a risk,
    they want to sue someone if it all goes wrong.

    My guess is that if you have got this far reading about trading,
    you are prepared to take some risk at least. The trouble is,
    that unless you have some experience of trading AND LOSING, you
    will not know where your risk threshold is.

    Try the following test. This is not scientific; it's mainly for
    fun. Read each statement and score yourself on a scale of 0 if
    you strongly disagree to 10 if you strongly agree. Then total
    your score at the end.


    Statements:

    1. I believe you have to take risks in life or you will look
    back with regret.

    2. Fixed interest investments don't even keep pace with
    inflation.

    3. If you don't have an overdraft you lack imagination.

    4. I drive fast even when I am not in a hurry.

    5. I regard a loophole in the rules as a window of opportunity.

    6. I like the adrenaline rush of risky and extreme sports.

    7. I always add on a few extra items to an insurance claim.

    8. I would sell a car for more than it's worth if I could get
    away with it.

    9. I always try to knock the price down on things I buy.

    10. I always respond to chain letters promising to make me a
    fortune within the next few weeks.

    11. I am always so rushed for time that I have to eat or do my
    make up while I'm driving.

    12. I regularly try to anticipate when the lights will change at
    a junction to beat the other cars away.

    13. If my credit cards mount up, it doesn't worry me as long as
    I can make the minimum payments or get another one.

    14. I always say what I think and don't care if it upsets
    people.

    15. If I can find a way of doing something quicker I will.


    YOUR TOTAL POINTS = ______


    Total your score and check your risk rating below.


    YOUR RISK PROFILE.

    0 to 50 You got this article for free so you might as well
    read it, right. But you won't start if it's past 9 pm in case
    it keeps you up. Take my advice, make a cup of hot chocolate
    and get an early night! Try to start life tomorrow.

    51 to 100 It's ok, you are pretty normal but be worried
    about any individual score where you have 11 or more.

    101 to 150 Get therapy immediately! Do not use sharp
    implements and cut down on caffeine. Try to sell this article
    to your grandmother to make a profit and think about a career
    as a bank robber - you should do well!

    That was just a bit of fun but the statements are based around
    three basic but important personality traits:

    · Worry
    · Patience
    · Risk taking

    Let's look at these in more detail.

    The amount you worry about things will determine how you view a
    trade before you even take it on. It also determines how you
    will react if a trade begins to go against you.

    If you are a worrier you could also have real doubts about your
    strategy if you get three or four consecutive trades that don't
    work out - you will not have the confidence to continue and let
    the law of averages work over a longer period.

    You could also be tempted to take a profit and run in case the
    trade turns against you instead of sticking to the strategy that
    could make an even larger profit.

    Patience is important in trading. Sometimes things just don't
    happen when you want them to.

    Risk and reward are inextricably linked. It is absolutely true
    that the more risk you take, the more POTENTIAL reward you might
    get - BUT:

    · Only if the risk is one you can feel comfortable in taking or
    you will override your strategy.

    · There is no point in wiping yourself out with two or three
    trades that don't work out.

    The more risk you take, the more worried you are likely to be
    and therefore the more you are tempted to make an emotional
    decision rather than stick to your strategy.

    Trading decisions based on emotion rather than a set of rules
    (strategy) will ALWAYS get you into trouble in the end.

    Sometimes you will be lucky and your hunch will be right.
    Unfortunately, that will lead you to make even more emotional
    decisions and at that point you might as well forget any
    strategy completely and trade on instinct and emotion.

    ******TRADING EMOTIONALLY IS A RECIPE FOR DISASTER******

    !!!!!! GREED AND FEAR ARE THE TRADERS WORST ENEMY!!!!!!!

    There is a good saying in trading, which is, "Cut your losses
    quickly and let your profits run." This oversimplifies a
    complex problem and the answer actually lies in using a sound
    strategy AND sticking rigidly to it. Being able to stick to
    the strategy is where your personality comes in.

    It is also said that traders who let losses run hoping they
    will turn round will go bust very quickly whereas traders who
    take profits early will go bust slowly but BOTH will go bust.

    The first rule of trading is to preserve capital -
    - without it you cannot trade!

    The strategy I have developed and trade every day is called
    the "Short Swing Strategy" and is designed to help people
    manage risk to any level that suits their own personality.
    It will allow you to determine the maximum risk you are
    prepared to take on, even before you open the trade. This is
    due to an extremely precise but reliable way of using an
    initial stop loss and calculate your position size.

    It will allow profitable trades to run without watching a
    large profit turn into a loss. This is because I use a simple
    but effective system of trailing stops. My strategy shows you
    EXACTLY where to place them.

    In short, it WORKS! It allows me to sleep at nights knowing
    that I make money in all market conditions. I haven't had a
    losing month since I started trading the Short Swing Strategy.

    I have published my complete strategy in a book called "Short
    Swing Trading" which is immediately downloadable from my
    website:

    http://tinyurl.com/cjumm

    Naturally I am not giving it away but you can always go to the
    website and make up your own mind. I feel sure you'll find
    it's worth every penny. Just one trade could cover the cost.

    It is said that as people grow old they only regret the things
    they DIDN'T do. They never regret the things they tried -
    even if it failed. This is one risk that's worth a try.

    A good strategy will take the worry away and substitute
    excitement!

    Part 2 of "What makes a really GOOD trading strategy" will be
    sent to you by email tomorrow. I hope you enjoy it.

    Enjoy your trading.


    David Graeme-Smith
    Short Swing Trading

  2. #2
    تاريخ التسجيل
    Jun 2005
    الإقامة
    amman
    المشاركات
    26

    افتراضي مشاركة: Short Swing Trading

    للاخوة المتاجرون الجدد ,
    المقال اذا تقيد به وعملنا بمحتوياته فسوف يكون عملكم متكامل .

    للاطلاع والمناقشة لمن اراد .

  3. #3
    تاريخ التسجيل
    Feb 2005
    المشاركات
    969

    افتراضي مشاركة: Short Swing Trading

    شرايك ترجمه لنا بالعربي حبه حبه ,,, كثير من الأعضاء لا يجيد اللغة الإنجليزية .

  4. #4
    تاريخ التسجيل
    Nov 2005
    المشاركات
    29

    افتراضي مشاركة: Short Swing Trading

    ننتظر الجزء الثاني على أحر من الجمر

    وفقكم الله

  5. #5
    تاريخ التسجيل
    Jun 2005
    المشاركات
    197

    افتراضي مشاركة: Short Swing Trading

    حرام عليكم وحنا مالنا خاطر عندكم
    ليش ما تترجمونها لنا من شان نستفيد معاكم

  6. #6
    تاريخ التسجيل
    Jun 2005
    الإقامة
    amman
    المشاركات
    26

    افتراضي مشاركة: part 2 Short Swing Trading

    Part 2

    Yesterday we looked at the importance of using a strategy that
    fits with your own "trading personality" and the fact that you
    must trade your strategy without overriding it because through:

    FEAR and GREED.

    BUT when it comes to building a really effective trading
    strategy, there is one other vital ingredient that many traders
    forget - and that is to fully understand the "personality" of
    the shares or index you trade.

    Some traders specialise in say, gold or Brent crude or
    currencies or they might specialise in a particular index such
    as the FTSE 100 or the Dow Jones but many traders choose to
    trade shares.

    Indeed some traders dabble in a bit of everything. I think
    this is the area that causes many traders to fail or at least
    not reach their full potential.

    In my view: You absolutely MUST specialise.

    I am sure that on the surface most people would say that sounds
    sensible but here is why it is a MUST!

    Superficially, many charts look the same. I bet if you had not
    seen the charts for some time and someone where to show you a
    chart of Brent Crude over 6 months and then a chart of Barclays
    PLC over the same 6 months you would be hard pushed to say
    which was which purely on the look of the chart.

    However, I bet that if you found a trader who trades ONLY
    Barclays day in and day out and also found someone who trades
    ONLY Brent Crude day in and day out, both of them would easily
    identify which was which.

    WHY?

    Because every share, index or commodity has it's own
    "personality".

    Some will be volatile intra-day, some will follow their sector
    or main index (market followers), some will do their own thing,
    some will spike up and down regularly, some will stop at key
    moving averages and some will just plough through. Some will
    move by 5% on average before they retrace and some by 2%. Some
    will gap up or down regularly, some will not. You get the idea!

    Therefore, no matter how good you are at analysing indicators,
    moving averages, trends and patterns, the same strategy WILL
    NOT work for everything. A strategy that works well for Bovis
    Homes, for example, might NOT to work for BT Group - they have
    very different "personalities".

    So let's return to our question: What makes a really good
    trading strategy?

    It is a combination of:

    1. Your trading personality including attitude to risk and
    whether your trading decisions are based on strategy or emotion
    (fear & greed).

    2. The "personality" of the index or share must be profiled,
    understood and complement your strategy.

    3. You must identify the most reliable method of determining
    entry point, initial stop loss position, trailing stop and exit
    point for that share or index "personality".

    Then comes the most important bit.

    ALL of those things must fit together perfectly. Imagine if
    you had a Rolls Royce and the garage called up and said, "You
    need a new set of pistons but don't worry, we'll fit a set of
    Toyota ones, they're cheaper." One component wrong and the
    whole thing becomes useless!

    A good strategy MUST have EVERY ingredient working perfectly
    in harmony to:

    ** Work in all market conditions.
    ** Make money whether the market is going up or down.
    ** Fit comfortably with you so that you don't override it.

    Trading a strategy and sticking to it religiously is the ONLY
    reliable way to make money consistently in the markets and
    with the volatility in recent times you MUST look at smaller
    but more reliable and
    consistent profits.

    Developing a strategy like this is very tough believe me. It
    has taken me over three years of design, testing, re-design and
    re-testing to get there. Add to that a great deal of anguish
    and pain (even tears at times) as well as a lot of money and
    it's not difficult to see why most traders make an overall loss
    and even give up before getting it right.

    But if it were easy, everyone would be doing it right?

    Fortunately I got there and now trade full time for a living
    - AND LOVE EVERY MINUTE OF IT!!!!!!!

    The strategy I trade is actually quite simple (most good things
    are) and all I have is just 6 trading rules to follow but it
    earns me excellent profits every month.

    If you want to shortcut the process of developing a reliable
    strategy for yourself and save the time, pain and expense that
    I and most other successful traders went through, I would be
    delighted to let you trade my strategy. I will even provide
    one month of free email support for you.

    Every detail of my strategy which I trade on a daily basis is
    in my book "Short Swing Trading".

    Naturally I expect people who benefit from it to pay - after
    all it represents three years of my life -- and can save you
    three years of yours and a whole lot of losses -- but that's
    your choice.

    Here is what Paul Manley (a trader in the UK) said about
    Short Swing Trading:

    "It was very refreshing to read your book, I must say that of
    all the books I have read in the last 6 years, this is
    probably the most complete, informative, practical and no
    nonsense approach, to trading I have seen. It's a pity I did
    not have this 6 years ago, it would have saved me a lot of
    money and even more time."

    If you want to hear what other traders have said go to:

    http://tinyurl.com/cjumm

    The book is instantly downloadable so you could be learning
    my strategy in 20 minutes. You never know, your first trade
    could more than pay for the book.

    Good luck and enjoy your trading.

    David Graeme-Smith
    Short Swing Trading

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