Swing and Position Trading

This is a discussion on Swing and Position Trading within the Swing & Position Trading forums, part of the Methods category; hey wheres everybody? anyway i have openned a new long position in itv at 115.25 on the back that its ...

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Old Jun 16, 2005, 10:12am   #76
khi
Joined May 2004
hey wheres everybody? anyway i have openned a new long position in itv at 115.25 on the back that its trading back above its 14 days moving average. has anyone got any opinion or view on this? yes i have a tight stop.
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Old Jun 16, 2005, 3:00pm   #77
khi
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well it looks like i am the only one here now, anyway thought some of u might like to watch my BS. i have just entered a few short positions, rtr, mrw and bnzl. any comments please someone out there. o i have closed rio by the way.
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Old Jun 16, 2005, 7:01pm   #78
 
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techst started this thread Hey khi. I just wondered what time frame your working on? I'm still in RIO and will be for a while longer. I try to run those profits! This is really the first day of the upward move so i wont be closing it just yet.
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Old Jun 17, 2005, 7:08am   #79
khi
Joined May 2004
hi techst

Yeah nice one mate, ur right that i should run my profits, i closed it becos the 14 days crossed below the 50 days on the 6-june at around 1638. but i will defo buy them back if, well "if" theres a retracement today or the next couple of days. so my time frame is based on these two moving averages.

i am also out of blt and ici for the time being too, but still in anto.

do u mind letting me know how do u find ur exit point?
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Old Jun 17, 2005, 6:36pm   #80
 
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techst started this thread Yeah, don't get too drawn in to the daily movements. I like to use a short term moving average like a 13-15 EMA. When it hooks down i sell. More often than not a stock will retrace to a short term moving average and then continue another leg upwards. Where as candles can make you exit too early. Take the emotion out by using a moving average and divergernce signals on indicators.
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Old Jun 17, 2005, 6:47pm   #81
khi
Joined May 2004
"More often than not a stock will retrace to a short term moving average and then continue another leg upwards."

thanks mate, will see if that works better next time , but anyway its not bad for a couple of days trade anyway. and others work ok too, just need those shorts to come my way, mind u its hot out there, so its gotta be time to wear shorts now.

cheers have a good weekend.
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Old Jun 17, 2005, 7:00pm   #82
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Is 'swing' easier than 'day'? Or does timeframe 'enlargement' not matter? RUDEBOY!
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Old Jun 18, 2005, 12:58pm   #83
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Quote:
Originally Posted by RUDEBOY
Is 'swing' easier than 'day'? Or does timeframe 'enlargement' not matter? RUDEBOY!
It's been suggested to me that overnight trading is dangerous because of wild swings after hours. I use SB rolling bets so that does not happen to me because I get closed out at EOD and opened again at the same price the next morning. The snag with that is that I may get caught in a gap opening, but I prefer that rather than have my stops closed out after hours by someone on Globex. I believe that a strong close could mean a good opening the next day in the same direction so it seems a pity not to take advantage of it.

I find RB very volatile and have had some very good trades off it. This week was an example of how things can go wrong, though. I bought at 1683 and yesterday it closed at 1660 after having been down to 1635 , if I remember correctly. I have been having some poor trades lately through having my stops too close, so decided to stick this out with a 50 point stop. The bloody thing was just about the only one to go down on Thursday but Friday saw a recovery and I am holding over the weekend. Earlier in the year RB gave me a 55 point profit in the first hour of trading. Intraday is unlikely to do that and intraday seems to rivet me to the computer which swing trading does not do.

Split
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Old Jun 20, 2005, 11:51am   #84
khi
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i am confused

Quote:
Originally Posted by RUDEBOY
Is 'swing' easier than 'day'? Or does timeframe 'enlargement' not matter? RUDEBOY!
i find it very difficult to draw a line between swing and day. can someone tell me what my style of trading is?

I like catching or fishing for big moves. i only hold stocks for more than a short term (not sure if this means swing) might be becos i am still waiting for that big move, provided that the stocks are still within my stop. so i can hold a stock bewteen miuntes to weeks.

for example,i have been holding my short posittions for a couple of days now, although they are going my direction but really slowly. If theres a sudden movement and my targets have been reached i will closed them. Hoever, the sudden movement could happen at anytime between minutes to weeks. so i am confused whether i am a daytrader or a "swinger". So i dont know whether day is better than swing or the other way round.

so can someone help to explain what am i?

Last edited by khi; Jun 20, 2005 at 12:06pm.
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Old Jun 20, 2005, 1:44pm   #85
 
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Try "Discretionary" - should cover most sins :-)
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Old Jun 20, 2005, 1:46pm   #86
khi
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Quote:
Originally Posted by neil
Try "Discretionary" - should cover most sins :-)

How do u mean?
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Old Jun 20, 2005, 2:20pm   #87
 
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How long is a piece of string

Quote:
Originally Posted by khi
How do u mean?
If you see a trade that could last days (maybe you are using daily charts) then trade it for days.
Conversely you could start with a 5 minute chart and work up through various time frames (price is trending) and thus what was a planned to be a short trade has turned into a long trade. You make the decisions as you go along rather than use a mechanistic approach that puts you into a pidgeonhole such as "scalper" or End of Day trader or Investor (weeks or longer).

Your emotional composure and peace of mind will indicate when you have found your effective time frame/trading style. Suck a few varieties of trades and note how you feel about each.

However, don't ignore your stops and turn a short term trade "hours" into a long term investment
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Old Jun 20, 2005, 2:31pm   #88
khi
Joined May 2004
thanks neil

sorry mate, as my time frame varies depends on many factors, so am i a swinger, daytrader?

arrrh

well i suppose as long as i make more money than the amount i losei every tax year, i dont really care if i was anyone of them. guess i will call myelf a freestyler then. sounds good to me.

cheers
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Old Jun 22, 2005, 10:28am   #89
khi
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i have just entered a long in rbs, anyone any thoughts?
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Old Jun 22, 2005, 10:40am   #90
 
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I hope you are right.
I have had a long on RBS since this time last year and am just breaking even after dividends and interest on the CFD.
Personally, I did it just to prove the system of using CFDs as a medium term investment medium.
Having regretted getting out of RTR and XTA far too early, picking RBS was a far less profitable venture.
However it should go OK. The problem is knowing when to sell.

Has anyone got a FT100 short to balance out the effect of general market volatility????
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