Basic Technique  |  OCT 1999

Gann Swings And Intraday Trading by Thom Hartle

Gann Swings And Intraday Trading Swing trading is one of the oldest technical methods in technical trading literature. Even though it’s little used these days, this classic technique is hardly outmoded and can be useful in trading today’s volatile stock market. To some, today’s overheated stock market must seem like the land o’ opportunity: just step right up and jump on board the train to make a profit. Unfortunately, some days the market looks more like a train wreck than a weekend trip to your favorite resort. In fact, the volatility in some stocks would make a seasoned soy-bean trader think he or she were trading grains during a major drought. The hottest stocks have doubled in a matter of a few weeks, only to give back 50% in a few days. Top traders know that the way to cope — that is, make money — is to approach these volatile markets with a well-thought-out plan of action. Don’t go into the fray with a seat-of-the-pants attitude, or your emotions will make mincemeat of your account.

by Thom Hartle