مشاركة: Short Swing Trading
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مشاركة: Short Swing Trading
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مشاركة: Short Swing Trading
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مشاركة: Short Swing Trading
حرام عليكم وحنا مالنا خاطر عندكم
ليش ما تترجمونها لنا من شان نستفيد معاكم
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