Dave Landry On Swing Trading (David Landry, 2001)

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Landry's rules

  1. Treat trading as a business.
  2. Do your homework.
  3. Manage yourself.
  4. The trend is your friend.
  5. Limit losses.
  6. No tickie, no tradie.
  7. Take partial profits quickly.
  8. Take windfall profits.
  9. Trade in liquid and active markets.
  10. Stack the odds in your favour.
  11. Keep position size within reason.
  12. Never add to a losing position.
  13. Enter the entire position at once.
  14. Remain consistent.
  15. When in doubt, get out.
  16. Know when to say when.
  17. Re-read #5.
Trend
  • Qualifier
    • Base breakout.
    • Gaps in the direction of trend.
    • Laps in the direction of trend.
High level micro double bottom

High-level micro cup and handle

Swing trading
  • Oscillator Swing System (OSS)
Checklist
  • What is the setup?
  • Where is your entry?
  • Where is your protective stop?
  • Where will you look to scale out?
  • What is the overall market doing?
    • Are there any systems that are triggering?
    • Is there momentum?
    • Are there any setups that are triggering?
  • What is the sector doing?
    • Is there momentum?
    • Are there any setups that are triggering?

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