China's FTSE 100 swing trades

I am trying my hand at swing trading FTSE 100 stocks. I am using the floor trader method with a few modifications, taking profits at the previous swing low/high (thanks Barjon) and as well as the 9sma and 18sma using a 50sma to help stay with the trend. Stops and entries at either end of the reference bar.

I paper traded this for a while and the results were not bad, since starting trading with a small account the results could not have been worse, 5 trades with a 100% loss rate. I am hoping this is due to the range we have been stuck in the last few days and once the market decides on a direction I'll start seeing some winners.

Trading stats. I am currently long ANTO.

Anybody who wants to chip in and say hi, give advice, heckle, please feel free.

Orders for tomorrow:

Long MRW

How many trades did your test consist of?

5 losers in a row is nothing, especially in current choppy conditions.

Why ftse100 stocks?
The cost of the spread & slippage will kill any edge you have. Trade something that is cheap.

Hey. FTSE 100 because I am UK based and am more familiar with the stocks and what's going on in the news.

It's early stages so if it turns out FTSE stocks are too expensive I will look into trading US stocks.

Yip I hear you on the choppy conditions.

I took around 60 paper trades, although to be honest there was a lot of trade selection tinkering going on during this process.

Well so long as you're trading on small stakes to start with, it doesn't matter, as you'll learn much more from "live" trading, even at pennies per tick. But if you're not, reduce your size immediately until you're confident enough with your strategy, so that the execution of your trades happens without hesitation EVERY time.

Don't worry, we're talking small stakes here