The fourth month of swing trading is over and the results are encouraging:
- 60-70% profitable deals
- 20% about zero
- 10-15% negative transactions
- Stop by 5 to 30 Cents
- Profit from 100 to 600 Cents (not enough)
Some notes:
- We leave only positions in +
- If the next day the gap gives 50% away from the goal and does not go further in our direction, cover the position immediately
- In a day FOMC do not open positions
- Best gaps from Friday to Monday
- Position opening is ideal in an hour – two before the close of the market.
- 1 step = 5 000 BP
- The number of shares is not important, it is more important how much money is bought. ie. on 5000$ bought 100 Shares 50$ promotions = 200 shares 25$
- All positions are equal and the BP to be bought must be the same.
