Swing thoughts

Swing thoughts

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.
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