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Ashok,
I have been trading stocks for almost 15 years. Right
now with the market volatility, I would look to
implement a swing trading strategy (1-5 days) with the
option of extending the holding period by utilizing a
trailing stop technique.
I do trade on an intermediate term (utilizing a
variation of the CANSLIM approach) basis, but the
market right now is not conducive to this approach. I
just picked up two books which I have found
indespensible in my quest to capitalize on short term
swing moves.
They are "Dave Landry on Swing Trading" and "The
Master Swing Trader" both books are terrific and have
helped me to implement some sound strategies to
capitalize on some explosive short term moves.
With regard to stock selection, I use the method that
Jeff Cooper shows readers in his Hit and Run books and
I also apply the O'Neil stuff to stock selection.
I know a number of people who trade stocks and make a
very good living and they do not TOUCH futures. I
trade futures also, but have swayed away from them as
the volatility in stocks is very good.
JS
--- Ashok Garg <agarg@xxxxxxxxxxxxxxxx> wrote:
> Hello Group,
>
> I am a beginner in trading. The futures market looks
> quite attractive and I have been working on it for
> some time. I however believe I am not quite ready as
> yet for futures market. I have studies quite a few
> methods on trading and feel I could use these
> methods on trading Stocks and get some level of
> confidence. As there is no much leaverage in trading
> stocks (one can get some margin lending) it shall be
> a slow learning but I am quite happy with it. When I
> say slow I may have to hold the stocks for 1 to 2
> months at a time. ( am I right here on the time
> frame or it could be less than this?)
>
> I thus need help of fellow traders collecting a list
> of trading stocks. I am hoping to collect a list of
> trading stocks which move up and down periodically.
> One may not be able to short sell but I shall try if
> I can buy physical stocks and sell for 10 % profit
> (or more) and cycle the money from one stock to
> another. Some may say dream on but the idea of this
> mail is to invite comments if I am being realistic
> or just in a dream land. Please feel free to
> critisize any aspect of my plan.
>
> I am sure some of the traders would have passed
> through this stage of their trading and many others
> are in the same boat. I hope to initiate some
> discussion on this issue of trading stocks. It is
> possible that we all do not become Futures Traders
> (and Gann of this world) and trading Stocks is quite
> profitable in the end.
>
> I trust this mail is quite relavent to this group
> and attract comments.
>
> Many thanks in advance for your help
>
> Ashok
>
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