Stop loss/target/entry price------swing trading

[tvrssvk]

Hi All Seniors,

Your participation is seriously required.

Please help me in identifying SL/TARGET/ENTRY PRICE------simple effective approach by Seniors will be appreciated.

 

[rajputz]

Stop loss is part of money management system. For taking a position you urself have to define a system, refine it and work on it with discipline. for various system there is plenty of knowledge on traderji...you can explore it. but for every system you learn here you will have to refine it yourself. and target is also dependent upon you....atleast you should have 2-5% return at the eod.

 

[bunny]

Since the last 6 months or so, you have continuously been asking about swing trading, swing trading and swing trading.

I think you are still not clear about what swing trading is. Basically, you go for tops and bottoms. You need very good judgment so as where a top or bottom has occurred. I suggest you go for Volume Spread Analysis (VSA). You can download the PDF ebook from my signature. It has chapters on "How to identify weakness, strength, top, bottom". I stringly suggest you to read that books. It very small, just around 125 paged.

 

[rajputz]

i must say the book u provided bunny, changes the way one thinks about the stock market

 

[tvrssvk]

Hi Bunny/Rajput,

Thanks for your valuable inputs.

Will download the PDF and will go through it, as per your suggestions bunny...

I am concentrating a lot on Swing trading Bunny......and I hope I am learning Swing trading instead of asking script tips.....I really appreciate your input in this regard bunny.......

 

[AW10]

Hi All Seniors,

Your participation is seriously required.

Please help me in identifying SL/TARGET/ENTRY PRICE------simple effective approach by Seniors will be appreciated.

IMO, trading is trading and it doesn't change too much with timeframe (maybe 15/20% might be different). Swing trading or day trading, it is just matter of timeframe of chart that u look to analyse. The TA rules are same on chart. Only difference will be that the players of each timeframe are different and they behave differently. While institutional players of higher timeframe are slow to react (elephant takes longer to turn then a horse), one needs to show that type of patience while trading TF.

You can pickup many methods that have been discussed here related to daytrading and finetune them for swing trading. There are many rules for stoploss placement - based on ATR, based on MA, based on PH/PL, Pure risk amount based, failure of entry reason etc.
You can pickup whatever suits you, put the basic rules in place, backtest it and there u go with your system...

Happy Trading.

 

[prabit]

i must say the book u provided bunny, changes the way one thinks about the stock market

will you pl elaborate.

 

[rajputz]

will you pl elaborate.

there are many uncleared question in everybodys mind like how the stock market works....bulls and bears working...resistance and support levels....pivots....

it will help you understand the working of stock market, which many indicators ffail to tell...it is worth reading....i am reading it fourth time....good book by bunny