Swing Trading is the Holy Grail

I take it this is not your day job? Because if you trade for a living, you cannot survive by simply beating the s&p 500. Those guys that you mention that under perform the s&p 500 have one thing you don't have, a management fee.

If this is not your day job then fine, I guess whatever return satisfies you is all that matters. But the title of your thread is a little misleading. This is far from a holy grail.

 

I think there may be some confusion about my goal. Yes, I consider it a win at THIS stage if I am simply beating the S&P. At this stage, I am only taking long trades and entering the market at what likely may be the top for the year.

Beating the overall market is a win. As I continue this journal, simply beating the S&P is not the goal. I believe the title of this thread when I say "Swing Trading is the Holy Grail". I believe the method I am trading, and the overall strategy is the key to successful trading.

Leaving the micro time frames and moving to approx 5 day holding periods is more lucrative. Especially when every trade signal I take I KNOW is tilted in my direction based on the data mining I have conducted.

Moving forward, I will continue to add new sub strategies to the overall strategy while I adapt to trading this method live. Starting today, I am now also generating short trades. The overall shorting strategy is not complete. It will evolve over time as I continue to add more patterns, but its sufficient as a starting point to go with the long strategies.

 

Tomorrow I am watching the following:

Longs - AET,KO,NTAP
Shorts- txn,wag,mdp

More info: <a href="http://www.mystockanalysis.com">Watch List</a>

 

I think you have a good strategy, based on your latest long watch list. I've tested this same strategy and it works best in a bullish general market.

I would strongly suggest switching the signal around to the short side if the market turns! I like using a 10 EMA on the SPY for my market direction indicator.

 

Stocks for tomorrow:

Long: ntap,fii,fast
Short: cam,esv,jdsu,mdt,nbl,ne,r,mu,nbr,swn

 

Lots of trades so far today:

Purchased 53 shares of FAST @$48.63 stop @$47.70
purchased 78 shares of NTAP @$40.33 stop $39.69
Shorted 86 shares of MDT at $37.92 stop $38.51
Shorted 142 shares of MU at 7.19 stop 7.75

 

Any updates?

 

More than a month since last update.

No update on blog for 2 weeks.

I guess Swing Trading is NOT the Holy Grail.

 

Makes no sense. He even saw the top coming, yet only going long? Epic losses.

 

Either that or he's sitting out the falling market.