Interest in Swing Trading

[sawtooth500 33]

Hi Guys,

 

I'm currently day trading in the sim (thanks Andrew for setting all of this up!)

 

In addition to learning day trading, I've also been doing swing trading for the last 2 months. Unfortunately, I haven't been profitable there.

 

I have a strategy, and I actually own a web development company so I had my programmers write custom code to backtest the strategy and per the backtesting annualized returns of about 20%-40% are possible.

 

However, this backtesting doesn't translate to a solid investment strategy - to actually invest, I need to have stop loss plans, risk management, I only have a limited amount of money so I need to pick and choose what positions I get into or don't get into (instead of getting into EVERYTHING like my backtesting strategy assumes), and yeah that's where it all falls apart. I basically don't have any experience here.

 

If anybody here has experience and has been profitable with swing trading, and if you have an interest in what I came up, please let me know. I'd need to email you some spreadsheets with the backtesting results and then take about 10-15 minutes on the phone to explain the details of everything.

[Robert H 455]

We had a swing trading subforum, but it was removed due to low activity. Brian Pez in the chat is an avid swinger. Wouldn't hurt to reach out to him.

[sawtooth500 33]

Thanks! I just emailed Brian.

[scottmatkovich 0]

I'd definitely be interesting in a group like this! I posted on the old board and didn't get any responses, but I'd love to discuss the how people screen for swing trades, timing, etc.

 

One of the things I have been doing is researching swing trades toward the long side, but then day trading within those stocks which I think are good growth candidates. So, I will trade according to the minute charts - say when a strong stock is at a low level below VWAP - and then hold until my profits are made or if I get stopped out on a daily/monthly chart.

 

Some of the stocks that seem like alphas right now that I'm looking to trade long next week are:

 

MOMO

MU

TJX

BR

EL

 

All of these have been profitable despite the market index pullback. Thus they are "alphas" to my eyes.

 

[Relee 7]

Anyone have any recommendations for swing trade chatrooms or resources?

[Gordon Freaman 10]

@Robert, what's Brian Pez email address? I would like to send him a message regarding my swing trade strategy I'm trying ti keep up with and need his advise.

[Robert H 455]

Gordon, you can contact him at [email protected]

[vic 11]

I swing trade alot, with stocks and with options.

 

I'm pretty sure that you did your backtesting wrong.

 

Sorry to be so hard on saying that, but you can't backtest a strategy for a very big period of time, you need to backtest for only a limited period (2 years) and then do forward testing with a random period of for example a year.

 

If you don't do it this way then your strategy will be optimised for the past and not the future, I have lots of experience in this matter.

 

If anybody is setting anything up let me know.

 

Good luck.