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<FONT face=Arial color=#0000ff
size=2>Alan,
<FONT face=Arial color=#0000ff
size=2>
I
think the need padding helps ease the fall when the trade doesn't go as you
expected. Hence, the reduction in risk that you won't hurt yourself as you
realized you put to much equity into one position.
;-).
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>AlanD
<FONT
face=Tahoma size=2>-----Original Message-----From: Alan Davidson
[mailto:alan_davidson22@xxxxxxxxxxx] Sent: Sunday, May 02, 2004
6:13 AMTo: equismetastock@xxxxxxxxxxxxxxxSubject:
[EquisMetaStock Group] Re: My Swing Trading Method
ExplainedI entered "numasoft" in Google, and
got:---------------------Download today! www.numasoft.com. Swing
Machines for$159 Includes 14 speeds, sheepskin ankle padding, and 6 time
settings. ... www.amazon.com/exec/obidos/tg/detail/
-/1932378359?v=glance&st=* - 64k - Cached - Similar pages
--------------------Does anyone know why swing traders need ankle
padding? It all sounds frightfully risky to
me.Regards,Alan--- In
equismetastock@xxxxxxxxxxxxxxx, "Steve Jarvis" <traderjarvis@xxxx>
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
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