I started to implement my Swing Trading System on 12/5/2008. Of course I did a lot of homework and testing on the system. It worked fine on paper. I hope it will work in real life. So far it has been good. We will see … This is still all about psychology. And It is still about 3 important rules, 2 of which are very hard to implement in real world.
- Cut losers, which is easy for any traders who have passed trading 101
- Wait for the best setup so that the probabliy of success is in your favor.
- Hold onto winners. This is the hardest ever. Most of veteran traders know what I am talking about.
I decided to open all my trades for public scrutiny. This forces me to think twice before I open a trade.
I will update my open My Swing Portfolio daily. You will see what open and closed positions I have in it and when I open and close them. The most important is you can see my open positions.
Would you like to receive the latest trading ideas or other updates from my blog? Then join hundreds of others on my mailing list below. It is totally free and easy to opt-out.
Loading ...