Website For Traders  |  MAR 2004

Websites For Traders: MrSwing.com by David Penn

V. 22:3 (68-69): Websites For Traders: MrSwing.com by David Penn MRSWING.COM Do you swing? Whether you are a novice or a veteran trend trader who has discovered that your need for immediate gratification (also known as “ringing the register”) is greater than your ability to withstand the inevitable drawdowns and lower winning trade percentages involved in riding out long-term market moves, then call me crazy, but swinging — as in swing trading — may be your thing. What is swing trading? As Frederik Van Duuren, better known as “Larry Swing,” the creator of MrSwing.com, puts it in a section of his website called “The Master Plan”: Why does swing trading work? Simply because fast moving stocks tend to pause for a few days before they explode again. Just look at any candlestick chart! Stocks keep on cycling every three, five, to seven days. In other words, for every three-day gain there will probably be a down day. For every five-day gain there may be three down days. A seven-day rally may produce up to five down days. And the great thing about swingtrading [sic] is that there is never a shortage of new opportunities. We just need to wait patiently for the right stock to cycle …

by David Penn