Gimani Swing Trading

Moving forward I want to incorporate swing trading for a 2 to 5 days hold. I will be going through a master watchlist every Sunday that have a specific scanning criteria. Brings about 500 - 1000 stocks..Will be looking for flags, flattop breakout and breakdown and pullbacks to Ma's. I will do a post on each specific set-up and what I will be looking for. The reason for going through so many charts is to help me becoming better in my chart reading skills. I will be doing a weekly review of all my trades (both day trades and swing) I will create a spreadsheet and update every week. This will include entries, stop and exits.


I believe if I can follow this process for the next six months, it will greatly increase my trading skills.

Keep it tuned for an update.

Watchlist for 06/26/2015

Trading Rules and Setups

1.  DO NOT trade before the first 15 min
2.  Trade ONLY the BEST setup
3. Max loss per day should be $100 before commission.
4. After 3 losing trades back to back, stop trading
5. If your first trade is a loss, DO NOT be AFRAID to take another trade.
6.  DEFINE your risk, ACCEPT IT and TAKE the trade without hesitation
7. DO NOT take profits without a reason to. Min is  $30cts
8. Short on POPS and buy on DIPS
9. Check Volume, Support and Resistance before entering a trade.
10. NEVER follow another person’s trades. Trade your own ideas

       Setups

      6:30am – 7:30am

1. 15 min opening range breakout on pre-market gapper
2. 15 min opening range breakdown on pre-market gappers

   7:30am to 9:00am

1.   Bottom Reversals
2. ABCD/Bull flags