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Stock, ETFs basics
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Stock, ETFs basics

  #1 (permalink)
Bratislava, Slovakia
 
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Stock, ETFs basics

Hi all,

I am daytrading futures for some time now. Mostly concentrating on a single market. I would like to add stocks, ETFs swinging strategy to diversify my portfolio.

I have a pretty good idea on how to find setups. I got some questions regarding technical aspects and execution - timing, picking up the right stocks. Basically those which any stock trader could easily answer in couple of minutes. Is there a comprehensive guide regarding all these technical aspects. Best would be some kind of webinar, or at least a video. If not then book.

Could please someone reffer me to some source of info?

Consistent profits for everyone
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  #2 (permalink)
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  #3 (permalink)
Bratislava, Slovakia
 
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Could you recommend good swing trading course or other source of info? Thanx

Consistent profits for everyone
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  #4 (permalink)
Market Wizard
Prince George BC Canada
 
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I moved from trading futures to stocks and find I make about the same returns with a lot less time spent in front of a computer.

Ask specific questions and I'll see if I can answer.

Book will give you different strategies but they all boil down to the same advise.

Keep you loses small and let your profits run. Not much different from trading futures.

When you talk you are only repeating what you already know. When you listen you might learn something new
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  #5 (permalink)
London
 
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deaddog View Post
I moved from trading futures to stocks and find I make about the same returns with a lot less time spent in front of a computer.

Ask specific questions and I'll see if I can answer.

Book will give you different strategies but they all boil down to the same advise.

Keep you loses small and let your profits run. Not much different from trading futures.

When you say keep losses small and profits run I take it that you do not have a fixed reward?

You may have a fixed risk (eg 1% pod account equity) but you would not limit your upside?

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  #6 (permalink)
Market Wizard
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kazz View Post
When you say keep losses small and profits run I take it that you do not have a fixed reward?

You may have a fixed risk (eg 1% pod account equity) but you would not limit your upside?

Sent using the futures.io mobile app

You are correct, I don't have a target.
To over simplify my strategy I buy stocks that are going up and don't sell until they stop going up.(Lower swing low)

To keep losses small I don't hold any losing positions in my portfolio. (the longer I hold a stock the bigger drawdown I allow)

When you talk you are only repeating what you already know. When you listen you might learn something new
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  #7 (permalink)
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deaddog View Post
You are correct, I don't have a target.
To over simplify my strategy I buy stocks that are going up and don't sell until they stop going up.(Lower swing low)

To keep losses small I don't hold any losing positions in my portfolio. (the longer I hold a stock the bigger drawdown I allow)

Thanks @deaddog

You said "To keep losses small I don't hold any losing positions in my portfolio. (the longer I hold a stock the bigger drawdown I allow)"

Could you please expand on this as l don't understand. You say that you don't hold losing positions but at the same time you allow for draw downs.

What I'm trying to understand is how you have draw downs if you don't hold losing positions?

Thanks!

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  #8 (permalink)
Market Wizard
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kazz View Post
Thanks @deaddog

You said "To keep losses small I don't hold any losing positions in my portfolio. (the longer I hold a stock the bigger drawdown I allow)"

Could you please expand on this as l don't understand. You say that you don't hold losing positions but at the same time you allow for draw downs.

What I'm trying to understand is how you have draw downs if you don't hold losing positions?

Thanks!

Sent using the futures.io mobile app

I mean drawdown in the portfolio. If I have a position that has increased 50% I can let that position slide a bit without incurring a loss.

A stock making new highs is one of the triggers for a buy signal. Once I open a position my stop is quite close until the price moves away from the purchase price. If I am fortunate enough to find one with momentum I move my stop to the swing lows, first on the daily chart then on the weekly chart.

I count drawdowns from the high. If I were to buy a stock at 50 have it go to 100 then retrace to 75 I would have a 25% drawdown and not hold a loser in my portfolio.

When you talk you are only repeating what you already know. When you listen you might learn something new
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  #9 (permalink)
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deaddog View Post
I mean drawdown in the portfolio. If I have a position that has increased 50% I can let that position slide a bit without incurring a loss.

A stock making new highs is one of the triggers for a buy signal. Once I open a position my stop is quite close until the price moves away from the purchase price. If I am fortunate enough to find one with momentum I move my stop to the swing lows, first on the daily chart then on the weekly chart.

I count drawdowns from the high. If I were to buy a stock at 50 have it go to 100 then retrace to 75 I would have a 25% drawdown and not hold a loser in my portfolio.

Ah, thanks. That makes total sense, thank you for explaining that. So you are trading a trend following style l see. Which is keep your losses small and let your winners run.

At what point do you decide to sell a winner?

Using the example above, you buy a stock at 50, it then goes to 100 and retraces back to 75. At this point you are still up by 50% on the trade. Would you continue to hold the trade in case it resumes it's upward trajectory?

I guess the point I'm trying to establish is when do you cut a winner as getting large winners is part of the trend following strategy?

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  #10 (permalink)
Market Wizard
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kazz View Post
Ah, thanks. That makes total sense, thank you for explaining that. So you are trading a trend following style l see. Which is keep your losses small and let your winners run.

At what point do you decide to sell a winner?

Using the example above, you buy a stock at 50, it then goes to 100 and retraces back to 75. At this point you are still up by 50% on the trade. Would you continue to hold the trade in case it resumes it's upward trajectory?

I guess the point I'm trying to establish is when do you cut a winner as getting large winners is part of the trend following strategy?

Sent using the futures.io mobile app

Long term positions are sold after they make a swing low below the 30 wk moving average then trade below that low.


Short term if they break the trend line drawn on the swing lows.

When you talk you are only repeating what you already know. When you listen you might learn something new
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