Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback,ย get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Hi Karo,

ย 

I appreciate the sentiment of this thread - swing trading is increasingly of interest to me (very short-term background) particularly since I re-read Jessie Livermore + Stanley Kroll books.

ย 

I don't like to clog up someone else's thread, but I'd like to share a few of my favourite quotes from Kroll & Livermore...

ย 

"The experts are frequently wrong. A good technical approach to investing and timing, coupled with sound money management and a focus on trend following rather than trend predicting, are really the recommended ways to operate for optimum success."

ed: It is so true that analysts like to wheel out explanations for large market moves long after the fact became apparent on the chart isn't it?

ย 

"Every time you take a with-the-trend position, you should premise that you are in for a mega-move. By so doing, you will be encouraged to hold the position and not look for short-term trades. Let your stops take you out of those trades which fizzle"

ed: With this in mind, I think it really should be no surprise if the swing trader takes several small losses to every winner.

ย 

"Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks."

Ed: And with that last one I'd simply like to give my very general thoughts, like Mr Partridge did in Jessie Livermores books, on the major stock index futures.

ย 

Displaying FDAX here, but FESX, ES would show the same story

ย 

http://s17.postimage.org/nyw96313h/FDAX_UP.png

ย 

I ask myself - what would Jessie do? Would he try and pick a top here on account of the bearish Fed Statement last night about curbing QE?

No, I believe he would be looking to buy simply on account of the path of least resistance being to the upside!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By adamal7
      Hello guys,
      I'm starting to swing trade commodities, especially soft commodities (corn, sugar, coffee, cotton, soybean, ...). I'm also checking gold and oil.
      My problem is I'd like to know what is the best broker for trading those markets (regulated, large commodity choice) ? For CFD trading.
      I'm thinking of IC MARKETS who are very good with forex and have good trading conditions.
      The concern I have is that I need a broker that offers MT4 as a platform, and also I'd like to be able to open mini lots positions for a better risk management.
      As a swing trader, I'm less concerned by the spread but looking at the financing fees.
      Wish you have a nice day, and thanks in advance.
      Alexandre.
  • Topics

  • Posts

    • ๐Ÿ“ Population in 2100, as projected by UN Population Division. ย  ๐Ÿ‡ฎ๐Ÿ‡ณ India: 1,533 million ๐Ÿ‡จ๐Ÿ‡ณ China: 771 million ๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria: 546 million ๐Ÿ‡ต๐Ÿ‡ฐ Pakistan: 487 million ๐Ÿ‡จ๐Ÿ‡ฉ Congo: 431 million ๐Ÿ‡บ๐Ÿ‡ธ US: 394 million ๐Ÿ‡ช๐Ÿ‡น Ethiopia: 323 million ๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia: 297 million ๐Ÿ‡น๐Ÿ‡ฟ Tanzania: 244 million ๐Ÿ‡ช๐Ÿ‡ฌ Egypt: 205 million ๐Ÿ‡ง๐Ÿ‡ท Brazil: 185 million ๐Ÿ‡ต๐Ÿ‡ญ Philippines: 180 million ๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh: 177 million ๐Ÿ‡ณ๐Ÿ‡ช Niger: 166 million ๐Ÿ‡ธ๐Ÿ‡ฉ Sudan: 142 million ๐Ÿ‡ฆ๐Ÿ‡ด Angola: 133 million ๐Ÿ‡บ๐Ÿ‡ฌ Uganda: 132 million ๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico: 116 million ๐Ÿ‡ฐ๐Ÿ‡ช Kenya: 113 million ๐Ÿ‡ท๐Ÿ‡บ Russia: 112 million ๐Ÿ‡ฎ๐Ÿ‡ถ Iraq: 111 million ๐Ÿ‡ฆ๐Ÿ‡ซ Afghanistan: 110 million ย  @FinancialWorldUpdates Profits from free accurate cryptos signals: https://www.predictmag.com/ย  ย 
    • โ€œIf the West finds itself falling behind in AI, it wonโ€™t be due to a lack of technological prowess or resources. It wonโ€™t be because we werenโ€™t smart enough or didnโ€™t move fast enough. It will be because of something many of our Eastern counterparts donโ€™t share with us: fear of AI. ย  The root of the West's fear of AI can no doubt be traced back to decades of Hollywood movies and books that have consistently depicted AI as a threat to humanity. From the iconic "Terminator" franchise to the more recent "Ex Machina," we have been conditioned to view AI as an adversary, a force that will ultimately turn against us. ย  In contrast, Eastern cultures have a WAY different attitude towards AI. As UN AI Advisor Neil Sahota points out, "In Eastern culture, movies, and books, they've always seen AI and robots as helpers and assistants, as a tool to be used to further the benefit of humans." ย  This positive outlook on AI has allowed countries like Japan, South Korea, and China to forge ahead with AI development, including in areas like healthcare, where AI is being used to improve the quality of services. ย  The West's fear of AI is not only shaping public opinion but also influencing policy decisions and regulatory frameworks. The European Union, for example, recently introduced AI legislation prioritizing heavy-handed protection over supporting innovation. ย  While such measures might be well-intentioned, they risk stifling AI development and innovation, making it harder for Western companies and researchers to compete. ย  Among the nations leading common-sense AI regulation, one stands out for now: Singapore.โ€ โ€“ Chris C Profits from free accurate cryptos signals: https://www.predictmag.com/ย 
    • $NFLX Netflix stock hold at 556.59 support or breakdown?ย  https://stockconsultant.com/?NFLX
    • $RDNT Radnet stock flat top breakout watch, https://stockconsultant.com/?RDNT
    • $GNK Genco Shipping stock narrow range breakout watch, also see $GOGL https://stockconsultant.com/?GNK
ร—
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.