Standard swing trading ideas

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I came across this article:
The Two Biggest Swing Trading Mistakes

#1) Swing trading requires disciplined risk management. While this is true of all trading types, it’s especially true of swing trading. That’s because without clear risk management rules you can be tempted to “wait and see” if your losing stock trade (the one you were only going to hold for a few days) is going to turn around or not. This can lead to a short term trade turning into a long term losing “investment.” Not only does this cost you money, but it also ties up your capital from investing in other opportunities. So always set stop losses with your swing trades and just as importantly, stick with them. Otherwise you’ll be left holding the bag.

But that’s not the only swing trading mistake I often see. Here’s the second…

#2) Most swing traders over trade. If you’re active on finance social media (as many swing traders are) you undoubtedly feel the urge every now and then to jump into the market as others tweet and post about their stock market success. And given the prevalence of swing trading, online brokerage firms and the ease of access, it’s almost inevitable that swing traders will get caught up in the heat of the moment and put on trades that are too big or don’t meet their strict entry criteria. This lack of trading discipline can be deadly to your bottom line.

And while I believe many traders could benefit from trading less frequently, swing traders are particularly guilty of this sin. And when combined with poor risk management, this mistake can be absolutely deadly to your capital.

http://www.intelligenttrendfollower.com/the-two-biggest-swing-trading-mistakes/

might be useful for more than just noob swingers

 

[Gringotts Bank]

When I look at my backtests, it's actually all fine. I just have a really hard time with drawdowns. I hate putting in so many hours and coming out flat or negative. It grinds my gears, and that makes me do things like holding onto a losing position, or averaging down. You know what happens next.

I was up about 40% in 3 months (from the start of FY2015). I got used to easy money and when that started to evaporate I just got so sh1tty. The thing is I could see it hapening. I knew the market was changing, but I kept trading. Discretion vs system is very hard. I always apply some level of discretion over the top of my systems.

 

[grah33]

thanks for the suggestions everybody. i often re read posts and get something more out of them later on. very helpful.

i wonder how forex 1h and 4h TREND trades would compare to swing share trading ? money turns over quite fast on 1h/4h and you're capturing a trend rather than a swing portion which seems easier to do and might yield better reward for risk. maybe that is an easier way to make money than swing share trading but still faster than share trend following on the daily timeframe. could be the way to go as a secondary smaller portfolio...


getting access to US shares seems like a good idea for me. the asx is going down (according to my market filter) so i can't buy anymore ASX shares if they bomb out, but i can buy US shares to replace them .so i can keep turning the money over rather than halting my trading. just replaced one of my asx shares last night.