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Stocks & Commodities V. 31:11 (18-27): Applying The IRSTS Swing Trading Rules by Sylvain Vervoort
Stocks & Commodities V. 31:11 (18-27): Applying The IRSTS Swing Trading Rules by Sylvain Vervoort
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Applying The IRSTS Swing Trading Rules by Sylvain Vervoort
The Grand Finale!
Applying The IRSTS Swing Trading Rules
This seven-part series has thus far provided the components of the indicator rules for a swing trading strategy (IRSTS), from color-coding candlesticks to smoothing oscillators to creating an expert system. Now that all of the components have been detailed, heres how you can put this swing trading strategy to use in your trading.
In this seventh and final part of my series on indicator rules for a swing trading strategy (IRSTS), I will show you how you can apply the IRSTS rules to make trading decisions. But before diving into it, Ill first review some general trading guidelines and principles. General trading guidelines
1. Trading long and short: Its as easy to trade a short position as it is a long position. Trading long means buying a stock in anticipation of a price rise. You want to make a profit when the stock price rises by selling it at a higher price. When you trade a short position, you are essentially selling a stock that you do not have in your possession. In other words, you are borrowing the stock. You make money when the stock price goes down by buying the stock back at a lower price, closing the lending transaction. Please keep in mind it is much more difficult to make money trading short because while a stock can drop only 100%, there is no limit to how far it can rise.
2. Spread the risk: Trading a single stock or bond of a company is risky. If that company goes broke, all your money is lost.
3. Compound profits: One of the most powerful moneymaking tactics is compounding profits. This means that you must reinvest at least part, if not all, of your profits in upcoming trades.
The Grand Finale!
Applying The IRSTS Swing Trading Rules
This seven-part series has thus far provided the components of the indicator rules for a swing trading strategy (IRSTS), from color-coding candlesticks to smoothing oscillators to creating an expert system. Now that all of the components have been detailed, heres how you can put this swing trading strategy to use in your trading.
In this seventh and final part of my series on indicator rules for a swing trading strategy (IRSTS), I will show you how you can apply the IRSTS rules to make trading decisions. But before diving into it, Ill first review some general trading guidelines and principles. General trading guidelines
1. Trading long and short: Its as easy to trade a short position as it is a long position. Trading long means buying a stock in anticipation of a price rise. You want to make a profit when the stock price rises by selling it at a higher price. When you trade a short position, you are essentially selling a stock that you do not have in your possession. In other words, you are borrowing the stock. You make money when the stock price goes down by buying the stock back at a lower price, closing the lending transaction. Please keep in mind it is much more difficult to make money trading short because while a stock can drop only 100%, there is no limit to how far it can rise.
2. Spread the risk: Trading a single stock or bond of a company is risky. If that company goes broke, all your money is lost.
3. Compound profits: One of the most powerful moneymaking tactics is compounding profits. This means that you must reinvest at least part, if not all, of your profits in upcoming trades.
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