3 Primary Rules for Swing Trading
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- เผยแพร่เมื่อ 24 เม.ย. 2012
- A trio of basic rules regarding viability of set-ups, trend following, and stop placement have governed the trading activities of David Paul, PhD for decades, he explains.
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Pattern recognition, stock picking, when to buy and sell (entry & exit points?) A few must knows for every ordinary trader before getting around to placing trades. Don’t rush the process, risk control and psychology is KEY
Everything like you said starts with your mindset…. Technicalities are certainly involved in trading but this stuff is possible and rewarding with the right information, I’ve made over 6 figures since October last year from stocks and FX
How do you do it? I put in a fair amount over a year ago and I’m barely breaking even
Bravo! I am happy for you
My problem is I started so good I thought I was invincible. My first swing I made almost 300% and thought I was just a genius I was humbled very quickly when I realized I was much more lucky than smart
Ah, I bet that’s true. if you don’t humble yourself, the market will do it for you. I made my share of mistakes before starting for sure, I recently just found solid footing under the guidance of a pro and her technical analysis has been invaluable in identifying profitable trades for my portfolio
"Put your entries where the masses put their stops." word
Lol...spammers with multiple accounts
He passed away recently, what a legend. Thanks for sharing your wisdom with us.
A true professional 👍
I'm sorry to hear that. A wise man indeed
August 2nd 2023 >> age 68
"The professionals would rather die than chase the market "
David Paul
Building passive income through dividends is a solid strategy, but for me, early retirement with financial freedom is the ultimate win - especially if it means having a million at my fingertips. I'm ready, but here's what I'm after: what can I do to capitalize on the next market surge and accelerate my path to independence?
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
I was taught well on how to save, nothing on dividends, but now in my mid 30s, I'm really ratcheting up investments with the help of a reputable advisor, realized nearly $800k after subsequent investments in barely 4 years so far. I do think I have dropped a lot of stress about finances having a long term perspective about investing.
This is great! think your manager would get on the phone with an unknown? I'm concerned about my savings due to high inflation.
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
Thanks for sharing, curiously inputted her full name on my browser, found her site ranked top, and skimmed through her credentials no-sweat.. she actually shows a great deal of expertise
I like his cold and dry demeanor. Pretty good advice I'd say
I like Kecap Manis.... good in noodles!
Just as wonderful as Mr Adorjan luisharo
I agree. Splendidly dry humour coupled with tangible advice 😆
Swing trader, futures trader & forex trader.
3 primary rules:
1. The good trade is the hard trade.
2. Fade the short term trade against the longer term trend.
3. Put entries at the obvious stops.
Who is this guy?
Dr David Paul
He said he is primarily a TREND FOLLOWER
BornToDoIt First I’ve seen him. An experienced trader, possibly smart, with 3 ideas that might help traders.
In layman's terms can someone translate Rule #2?
@@jmartinez562 fading basically means going against the trend.
what is the meaning ?
I am actually new to all this but fortunately for I was introduced to Mr Ronal’ and I want to say a big thank you for sharing your knowledge with me and I’m also earning more than I expect. God bless you sir
he’s mostly on Telegrams, using the user.
@R o n a l f x 2.
Ronal'services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.
Thank you so much, Sir Ronal' I never imagined to receive 8 lakhs rupees after investing in my trades with you. God is going to continue to bless you.
I'm surprised that you mentioned and suggested Sir Ronal’. I assumed I was the only one trading with him, as I had gained so much money.
RIP david paul thanks for the lessons
stops are the bred and butter of market makers
good memories, thanks david paul. your are alive in my heart.
It really made no sense to me when he said ''It doesn't matter whether I'm right or wrong, whether the market goes up and down. I'm good regardless''. People are really losing a sh*t ton of money out here. I personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!
Sometimes, the strategies to stay on constant green in a downturn markets are quite rigorous for the regular-Joe. Matter of fact, they are most successfully carried out by experts who have had a great deal of skillset/knowledge of the market. Maybe you should hire one.
@@Harperrr.99 Agreed! I first contacted a Financial Analyst because these days, it's easy to buy into trending stocks, but the task is knowing when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. I’m currently 60% up in profits just in 5months with my initial capital of $160k
@@corrySledd Please can you leave the info on how to reach your investment advisor here? I’m in dire need for one.
@@AUstinnesc Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.
@@corrySledd Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
This is exactly the kind of advice , I was looking for
Not sure why his rules changed, but in another video the rules were.
1. Fade the short term trend in the direction of the long term trend.
2. Put your entry where the masses put their stop.
3. Add to winners to maximize profit.
yeah he seems to have a pretty fundamental diagreement with his friend Tom, alas, they work together
Literally just watched THAT video before I clicked on this one 😂😂
What does rule no. 1 mean?
@@QuickMadeUpName well, either you went ahead and googled it or you waited two months just for someone to tell to google it
I’ve seen some of his talks/presentations before and I’m a fan. I like how he pretty much shouts in every scenario; even when an interviewer is only 2 feet away.
Some of the best advice ever
"...Professionals would rather die than chase the market..." 💰💰💰
Roane H. What does this mean sir?
@@marlonsmith2826 google it
This is glorious, I have been researching "share trading strategy" for a while now, and I think this has helped. Ever heard of - Panincoln Swinger Blueprint - (do a google search ) ? Ive heard some amazing things about it and my co-worker got excellent results with it.
I'm definitely Going to backtest on that ... putting my entries were masses exit
It's very interesting seeing people make good profits from trading, I wish I could but I always end up losing after my trading.
Well, I think people loss funds because they want to trade on their own without the help of an expert
I will advise you to seek the help of a professional because it’s really hard to create a strong professional portfolio. This will help you to achieve your goals and long term financial objectives
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on TH-cam.
Living with fear really stops us from taking risks,definitely if you don’t go all out you’ll never get out of any financial situation.
Expert Emily Jason is really the best person to contact and ask for help in trading without fear of making losses than trading yourself or lossing funds to scammers.
Rest in peace Mr. Paul - would have loved to have been your student. Form the videos I have found you always share fantastic insights and valuable lessons for trading plus it appears a witty way about you.
Love the way he talks and puts pressure on those important words, rip
I find that for intraday forex trend trading most important relevant (Guide)trend direction is ON 15 minute, 1h and 4h charts only-- For intraday trading weekly & monthly trends do not matter much(too far removed from intraday field of activity) & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general if daily candle be in the same direction for any trade it is better but not A must.--Sir, what do you have to say?
"I put my entries where the masses put their stops"
Definitely Gold. Agree on everything and inline as per my experience.
very informative
This deserves a million + views
Very smart advice.
Really good video, it's important that beginners know these basis strategies that can assist them with their trade career. It requires a lot, I guess many make losses due to lack of skills to handle their tradings.
Most people don't put in pre-work required for profitable trading results and that draws attention to the huge looses of investors.
True, most time you need to recognize the existence of a speculative factor and that is the duty of an expert to guide you on the right profitable stock to buy or invest in.
@Clara Alexander
Who do you trade with?
@@scottjames7285 I trade with expert Tim Taylor, he's been my mentor and account manager and under his advisory I make good trade income.
The first time I ever tried trading was in 2018, I had losses and stopped, I only started earning this year, when I got a credible broker Tim Taylor. Tim has been the one in charge of my account. I'm still learning, but I'm earning great profits weekly.
Pure GOLD 🎯
where is more videos of this guy..seems interesting
Now more available in TH-cam
Brilliance comes with experience
2nd point i didn't gei it? Can anyone explain?
If pullbacks happens what will we do?
Rule no. 3 is just like out of the box
Nice video as always. I'm here to learn more about investing after listening to a guy over the air talk about the importance of investing and how he made $325,000 in 4 months from $140,000 startup. This video somehow has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
@miles walker Thank you so much for the
recommendation i appreciate
Annabelle once said" its a big world so think big" didn't get that until a month later on receiving my first 6.2btc
You can acquire good suggestions for professional training services from a variety of platforms. I tried a few of them out, but Annabelle trading services is far more beneficial to me
💯💯
But seriously, I think crypto trading platforms really need some talented experts like Annabelle Hartfield for copy trading purposes🤔
2 months ago i was a complete nobody but here i am making money from future trade by using Annabelle signal
Now I know who's been hunting all my stops!
Lmao
I love this guy
Buy quality, buy into weakness dip/dip below support with no reason ie. No Missed or diminished earnings or loss in market share, most price fluctuations are unwarranted, rumor hearsay, be patient wait for the return take profits easy basically buy low sell high.
I think every swing trader agrees that the Blended model strategy by Dmitry vladislav is far better than any strategy they have ever used in swing trading. Great results using the systemy and tactics shared in my experience with Dmitry.
@@ahmednasser1210
This is gold
Good video
When she said a long time ago...he didn't smile...very serious man.
Not using a stop might work for stocks. But You try not using a stop in the futures market.
haha!
Not puting sl in leveraged scripts like futures and options can make your account blown
RIP LEGEND!
Please do a forex course in Cape Town Dr Paul, since you live in SA some of the time?😉
I tried scalping i loose money, i tried day trading i loose money and confused. Then i started swing/position trading and it's worked. Know what particular trading style that works for you.
I love this man's speech. He has spoken ❤️
+1. This is my story too 🙌🏻
lol that first response to the question is so funny though
Amazing 😮
RIP Legend.
Yes. RIP Legend. I salute Dr Paul.
Can you explain 2nd point? I didn't get it
This guy is a MASTER TRADER
How do you know? You looked at his account?
@@jayadsilva67 you obviously don't know who he is bud lol go back to sleep
This doesnt add up....? how do you follow the trend but dont respect the support and resistance levels for entry and exit?
Cause they give you fake outs. They break the support levels and catch trsders on the wrongside hit their SL and then it goes back it its original direction.
How do you know where stops are?
Buy limit order data from brokers and there you have it 🎉.
Watching Vwap, volume profile or previous price action lower low lower high we can get spoloss of
What he has said has generated hundreds of billions of dollars. If you are a trader and don't understand what hes talking about, you need to STOP trading and see what you are missing.
💯
Nice content sir Trading its best define as market exchange right its all about give and take but because of greed by some traders and lack of trading experience and trading without the right strategy they lose it all the market that's why I humbly advice before going into any trade please seek guidance from a trading expert to avoid loss of energy and income in the online trading market
I agree with you sir and that why I so much thank God for helping me find Mr Adorjan luisharo he has really been a helping hand and a live saver
It is difficult to predict how reliable a person is on a short basis .But Mr Adorjan luisharo has proven to be reliable and a great asset in my trades
John Thomas Robert please how can I get Mr Adorjan luisharo I really need his trading services
trading its a lot fun and interesting when investing in the right way and being guarded by a professional trading manager who helps you grow your profit and knowledge in the market ever since I started investing with Mr Adorjan luisharo an European portfolio manager who trade on my behalf making me $28k every week no stress thanks to you sir for all the good work and knowledgeable performance.
What does fading short term trend against long means??
Means if the long term trend is up, don't panic on the pullback.
Don't take shorts in uptrends, don't take longs in downtrends
For example daily timeframe trend is up and 15 min time frame or 1 hr time frame is in doen trend
Go with daily time frame and go with upside buy side ignore short term trend
The vehicles I trade are Tesla and nio...
😆
David has a video explaining stop loss maths referencing 'coin flips', anyone know of where this interview is hiding?
I wish! That and his "Thinking in probabilities." I never knew until David that both a roolet wheel and craps table trended. He knew how often a 7 was rolled in craps. Loved the game. He was a master trend follower. He would have gone bonkers at markets of late.
And here I thought "fading" was a 2023 lexicon. Nope this guy was rocking it decades ago
Was in common usage in gambling circles ca 1940. Heard my Dad use the term. Tried to do a history of the term. Poor Google's AI couldn't think that far back
Legend
Wait, how would you know where everyone is putting their stops? How would you even find that out?
@Billy Hills level two?
@Billy Hills ....
@@Spartan1337 1
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Saturday
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Where do you put your stops?
Rest in peace Dr David paul
"Mr Paul! What is your secret?" ... "I will tell you. Buy low. Then, sell high." "Brilliant! Buy low, then, get high, and sell it! Thank you!"
xD
Rip legend
Wow, this person reminds me of Christopher waltz.
RIP Dr. Paul
Good day sir, please can you become my mentor??
No stops. YOLO!
Nowadays MM can see the stop losses
R.I.P
PhD. David PAUL
1 the good trade is the hard trade - Mr PAUL doesn't go into detail about this which is a shame
2: Fade the trade;
Market drops at trade opening, due to pro traders i.e. goldman sach (op notes: high cap / mid cap stocks) with high capital, setting up low bids.
What i think Mr PAUL is recommending would be, not sell the shares you have but ride it out as the price will rise soon after (op notes: check fundamentals company profits etc).
3: Put entries where the masses put their stops.
In Mr PAUL's experience these stops made by retail traders are a tick or 2 below the last low.
RIP David Paul
But why The good trade is the hard trade?
Good trade is always takes time and patience you have to wait for longtime to price moves slowly on same direction which tales time thats ehy
@@faranbaig9428 Yes. After 2 months i get it :) Make my money now.
Was that opera Winfrey!?
Noooo.
Hi Oprah!
MrTruth111 -- lol
I prefer old school veterans over modern overhyped annoyances
When you realise he was 40 years when this was shot😳
Do not use stops ,,,, accept huge counter swings......and expect to stay in the trade twice as long as you planned.
that is exactly right, stop losses usually kill a good trade, and the market makers want that to happen, they take your money, let the order move and eventually it will go in your favor
Arturo Pena and, both of you guys do not make $ trading. That is clear
i laughed so hard at your comment Bryan
Sizing is more important than stop losses, you can still become a successful trader without using stop losses but you have to learn sizing, positioning, how to scale in and out, if you have a secondary strategy that counters the other one like a way to hedge your trade there is no need for a stop loss especially if you're not leveraged, you only use stop loss on certain occasions for example when you start scaling in with bigger size, it also depends on the methodology and how you trade, some methods work best with a stop loss so there are a some exceptions of course, trading is extremely more flexible than people realize once you start to have many years of trading you will realize how strategic this field is, it's no different than playing professional poker at a very intense level.
you clearly dont know what you are talking about
Thank you Mr Scott, now i see the reason why everyone is spreading your name on every blog and media, calling you a trade god, i wish every trader can be so nice and kind like you, thank you sir for sharing your great strategy with me, i just made my first $18k within the first week of trading with your strategy, Am grateful sir.
contact him via email:scottadrian1952@gmail.com
Scott's strategy is the best i have ever seen
what fucking bullshit is this, scammer?
@@malthus101 Ignore the scam bot
Michael Scott?
What a loss this is a good trader with a good heart. Hope he wrote a book. Rip. Man i would have loved hearing some advice from him
Rule 4. Don't smile.
lol
Oprah?
I dont think he liked that little impression of him lol!
What an odd man.
Cool calm stoic is not odd
It is better to learn from someone like Dr Paul than the brash salesman type who really aren't experts in what they say.
He was much more pleasant and friendly on the UKSpeadbetting videos (for some mysterious reason).
Rest in peace Mentor 😢🩵 legend
🫡🤙
He has muti between his ears.