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I will be adding AKAM to the swing portfolio tomorrow. Another wretched toppy looking chart. Yesterdays selection- SCHW held up quite well today in the face of a difficult market. I have 2 current holdings with AKAM joining the party tomorrow:

JNPR

SCHW


With these swing entries I wanted to mention a variation that I have been trading recently, that John from Thetradingdigest.com had suggested (thanks). Each night a list of swing candidates are outputed from the swing system but with a twist. Each has a limit order price to enter at. The buy limit order is 1 ATR below the previous close, and that can even be self adjusting based on market conditions. In backtesting, this has shown to be quite an improvement to the system with one noticeable drawback, that the exposure levels to the market can be quite low, especially during protracted upturns in the overall market. The system in terms of win percentage and profit per trade are superior to entering on the opening price. When I get these signals that fire intraday I typically can put on a little larger size due to the limited number of signals. This in no way affects the blog selections I highlight here, I just wanted to give you a heads up on how I look for opportunities where they may lie.


Also I want to note how poorly I traded today. The past few weeks in terms of my intraday e-mini futures trading have been stellar. Partly because of very directional markets that rewarded poor entries and also I have been able to recognize that that was the evironment we were in. Today I was still in that mode - chomping at the bit to push the market in my direction and was chopped out of trades that were not only poor entries but marginally valid setups in the first place. All in all the day was only slightly negative on a dollar basis but very negative in terms of my performance. Recognizing and adjusting to the market you are trading in - is a critical skill that I was slow to adapt to today. My mind had been so imprinted with my experiences of the past couple weeks that I was still trading yesterdays market and not today's. I was out of balance and my focus was not what it should have been and I will remedy that starting tomorrow.

Focus and Balance

Have a Great Night!

Dave Johnson

http://dayvejohnson.blogspot.com

dayvejohnson@gmail.com
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