Deaddogs Swing Trading - Stocks and ETFs Trading | futures io social day trading
futures io futures trading


Deaddogs Swing Trading
Updated: Views / Replies:8,208 / 109
Created: by deaddog Attachments:18

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 18  
 
Thread Tools Search this Thread
 

Deaddogs Swing Trading

  #71 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

My definition of swing trading is having an open position in a stock for a period of 2 days to 2 months. As a swing trader you are looking to take advantage of the momentum shifts in stocks that are strongly trending.

Here are, in my view, some of the advantages of swing trading.

Day trading although less risky requires more time in front of a computer screen and can be quite stressful affecting your physical and mental health.

Swing trading requires less time in front of a computer and gives you more time to make decisions. Stock selection can be done at the end of the trading day.

Swing trading sits between two major forces that drive the market. It is too long a time frame for the day traders, scalpers and high frequency traders and too short a time frame for the institutions and mutual fund managers who hold positions for months if not years.

Swing trading does not require a hours of research into the fundamentals of the company. Stock picking is based on analysis of the current price and volume trends. It makes decision making easier as there is no tug of war between fundamental and technical analysis.

Swing trading allows you to take advantage of price momentum in either direction.

Swing trading lets you take small bites out of the market, taking advantage of a stocks momentum while controlling your risk.

Swing trading is not affected by the Pattern day trading rule allowing traders to start with less than $25,000 of capital.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 4 users say Thank You to deaddog for this post:
 
  #72 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

PNK: Pull back play,
Buy @ 26.36
Stop @ 25.85 (will trail stop under prior days low)
Initial target last swing high 27.45

Capital at risk = 0.5%

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
 
  #73 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received



deaddog View Post
PNK: Pull back play,
Buy @ 26.36
Stop @ 25.85 (will trail stop under prior days low)
Initial target last swing high 27.45

Capital at risk = 0.5%

Stopped out @ 26.15.
Loss of capital = 0.25%

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
 
  #74 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

The chart should be self explanatory.

Risking 0.35% of capital

Enter @ 49.29
Stop @ 48.42
Initial target @ 55

This is a set it and forget it trade.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 3 users say Thank You to deaddog for this post:
 
  #75 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received


deaddog View Post
The chart should be self explanatory.

Risking 0.35% of capital

Enter @ 49.29
Stop @ 48.42
Initial target @ 55

Stopped out @ 48.40
loss =0.35% of capital.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
 
  #76 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

Donít Be Afraid!!

When you ask any trader why they did something or didnít do something the answer you get will usually include something related to the phrase ďI was afraidĒ

I sold because I was afraid the price would fall.
I didnít take my stop because I was afraid the price would turn and go up.
I chased the entry because I was afraid Iíd miss the move.
I was afraid Iíd be wrong.
I was afraid of what other would think.

There should be no Fear when you are trading. You have to realize that you can not possibly know the outcome of any trade for certain. You should know going into a trade that the outcome will be that you will either make a profit or take a loss. How much profit or how much loss is your decision.

Your trading plan should assist you in making your decision. Before the trade is put on you should have decided what will cause you to exit your trade. You know what you are prepared to risk. If you are afraid of losing that amount then you shouldnít be in the trade.

Keep asking yourself ďWHYĒ when you review your trades. If the answer starts with ďI was afraidĒ, then you have to work on overcoming your fears. If on the other hand your answer was ďbecause thatís what my plan called forĒ you are well on your way to becoming a successful trader.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 4 users say Thank You to deaddog for this post:
 
  #77 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

How does a trading plan help to alleviate your fear?

A trading plan helps you to overcome your fear in several ways.

It focuses on the overall goal rather than each individual trade, it defines the risk you are willing to accept, it gives structure to your trading, and it gives you a step by step methodology to follow for each trade.

Firstly to be able to focus on your overall goal you have to have an overall goal. What is it you hope to accomplish with your trading capital? Once you have you goal defined you have to decide if it is realistic.

Yep realistic: If your goal is to double your capital each year then you have to be able to detail how you will accomplish this. How many trades will this take? How much are you planning to make on each trade? How much will you risk on each trade? What is your winning percentage? Have you factored in slippage and commission? And the big question; do you have a system that will do this? And the even bigger question; do you have the discipline to follow your system.

If your goal is realistic and you have answered all the questions above then you have nothing to fear. You have defined your risk and know that in order to achieve your goal you will expect to have a number of losing trades. They are planned for and expected so there is nothing to fear. You will have trades that almost get to your target and then become losers but this is expected, part of the plan and you move onto the next trade. It becomes one trade out of many that are part of your overall plan.

With a trading plan you only take the trades that are laid out step by step in the plan. There is no emotion involved. Here is the set up, here is the entry and the exits are specifically defined. Nothing to be afraid of. The trade will either make a profit or take a loss; it doesnít matter as it is only one trade. Wait patiently for your next set-up.

For what it is worth my goal for the year is a 25 % return.
In order to achieve that I will have to risk between 0.5% and 1% of my capital each trade.
I will make about 2.5 trades per week or 125 trades this year.
My plan calls for a 34% win rate 8% breakeven and 58% losers.
I am looking for a R:R of 1:2.5
Although Sept and Oct to date have been a little rough I am on track to achieve this goal.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 6 users say Thank You to deaddog for this post:
 
  #78 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

Finding Stocks to Trade.

First let me say that for the most part I donít look at fundamentals and I donít look at the news. I am swing trading. I hold stocks for a few days to a few weeks attempting to take a small bite out of a big move. I donít need to know why a stock is moving all I need to know is that it is moving.

There is nothing that will tell you what a stock will do in the future that will help you with your trading today. News will cause a stock to move violently in one direction or another but by the time you get it, the stock has already moved. By the time CNBC breaks the news, it is old news, and they will recap why the stock moved but knowing why doesnít help.

The one thing I do check for is earnings announcements. I rarely hold a swing trade through an earnings announcement.

I start with a universe of stocks that meet my initial requirements.
I want stocks that are priced between $20 and $100.
I want stocks that trade over 500,000 shares per day.
I donít want Exchange Traded Funds.

This gives me in the neighbourhood of 1000 stocks to choose from.

I then scan these stocks for set-ups.

I am primarily a long side trader. (Canadian tax laws treat short sales and long trades differently).

One set up I scan for is stocks that are in an uptrend and then have pulled back.
I use a couple scans to find stocks in an uptrend.
One is a long convoluted scan that stacks moving averages every 10 days for 90 days.
The other I look for the RSI over 50 for the last 75 days.

Uptrending stocks narrow down the field to 40 to 100; then I scan for stocks that have dropped for 3 days in a row.

Todayís results gave me 4 stock;
I then look for R:R ratio of 1:2.5

NKE & GPRO survived. Iíll watch both tomorrow. Since they both closed near the days low Iím not expecting too much. Iíll enter a small position (about 0.5% of capital) if they trade above todayís high. Stop will be under todayís lows and the initial target is in the area of the last swing high.

Because the market is trending down Iíll trail a stop.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 5 users say Thank You to deaddog for this post:
 
  #79 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

I donít trade the open


deaddog View Post
NKE & GPRO survived. Iíll watch both tomorrow. Since they both closed near the days low Iím not expecting too much. Iíll enter a small position (about 0.5% of capital) if they trade above todayís high. Stop will be under todayís lows and the initial target is in the area of the last swing high.

Because the market is trending down Iíll trail a stop.

I donít trade the open until price has settled down.

NKE this morning is a good example of why.

You have to wonder about efficient order flow. In the 3rd minute after the open in a series of 5 trades price moved as follows.

85.53 1 lot
86.07 1 lot
86.18 1 lot
87.10 26 lots
85.57 1 lot

I assume someone thru in a market order and got raped.

My entry was going to be 85.95. By the time I saw the move I didnít have time to pick up my mouse, much less key in an order and price was back below my planned entry.

I watched for another minute and the price move below the prior days low and nullified the set-up

GPRO opened below the planned stop and nullified the set-up

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 3 users say Thank You to deaddog for this post:
 
  #80 (permalink)
Elite Member
Prince George BC Canada
 
Futures Experience: Advanced
Platform: IBs TWS
Broker/Data: IB
Favorite Futures: Stocks
 
deaddog's Avatar
 
Posts: 591 since May 2013
Thanks: 97 given, 643 received

Looking for the sudden turn.


Iím doing a little bottom fishing. Iím looking for stocks that have reversed direction convincingly. Iím looking for a stock that has been dropping, make a new daily low and suddenly turns heading back up, trading above average volume. The stock closes near the high of the day.

It may be a short covering rally or demand picking up for fundamental reasons. It doesnít matter why it turned only that there has been a significant change in direction. I monitor these stocks to see if they continue to climb.

Here is the criteria I use to scan for these stocks.

Yesterdays close is less than yesterdays open

Todayís open is less than yesterdays close

Todayís low is less than yesterdays low

Todayís low is a new 5 day low.

Todayís close is greater than the open

The close is greater than yesterdays close

Close is in the top 5% of the daily range

The daily volume is greater than 2 times the average volume.

This scan gave me 51 hits today. Now Iíll sort thru chart by chart and see if I can find a few like PKG
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
Reply With Quote
The following 3 users say Thank You to deaddog for this post:

Reply



futures io > > > > Deaddogs Swing Trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Using Options for Swing Trading Bermudan Option Trading Journals 165 January 9th, 2014 11:46 PM
Swing Trading Futures karoshiman Trading Journals 216 May 24th, 2013 12:59 PM
Swing Trading Journal worldwary Elite Trading Journals 101 April 3rd, 2012 05:46 AM
How does 24-hr. trading affect swing-trading e-mini contracts? dblejeune Traders Hideout 2 November 28th, 2011 08:08 PM
Simple Forex Swing trading vroomy The Elite Circle 5 July 6th, 2011 10:15 AM


All times are GMT -4. The time now is 10:55 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.16 seconds with 20 queries on phoenix via your IP 54.90.207.75