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Steve:
Is this numasoft stops program a Metastock plugin,
or a stand alone application?
Bob
On Fri, 30 Apr 2004 12:56:39 -0000, Steve Jarvis wrote
> Hello All,
>
> Some of you asked for more information on Swing Trading.
>
> My method for Swing Trading is:
>
> 1. I want minimal daily interaction (I have a day job), controlled
> risk to prevent wiping out my equity and stated realistic profit
> objectives. I always place my orders in the mornings, before the
> market opens.
>
> 2. I start by finding a set of stocks using Friday EOD prices that
> meet my price action criteria.
>
> 3. I narrow down the set of stocks using my insight into potential
> market conditions the following week. I may decide to only buy long
> or only sell short, etc.
>
> 4. On Monday morning I buy or sell short my selected stocks.
>
> 5. On Tuesday morning I add a protective stop for each actual buy
> (or sell) based on my risk limits.
>
> 6. Beginning Wednesday morning, I review the price action from the
> previous day. If the position has moved in my favor, my risk will
> have decreased and I can adjust my protective stop to begin locking
> in a profit but still not exceeding my risk limit. If necessary I
> may initiate a partial sell (or buy if short).
>
> 7. Regardless of price action, I do not hold positions past Friday.
> Typically, unless stopped out, I close a position when it reaches my
> reach my profit objective. My goal is to minimize risk thereby
> limiting my losses so if 50% of my trades are losers, my equity
> curve trend is still up.
>
> 8. After I close a position, I do a post mortem analysis, thereby
> continually fine tuning my system.
>
> I find it is very important to always know my risk, have a stated
> profit objective, and always, always use protective stops.
>
> I stumbled upon an excellent software application that really helps
> me control risk and know how my system is doing at all times. It's
> named STOPS and can be found at www.numasoft.com
>
> Thanks,
>
> Steve
>
>
>
> Yahoo! Groups Links
>
>
>
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