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It may not display this or other websites correctly. You should upgrade or use an alternative browser. Discussion in ' Educational Resources ' started by optijose , May 1, Log in or Sign up. Optijose, I've read his book and traded his style for about 6 months.

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It works well when there is a persistent trend, but you get chopped up when there isn't probably an obvious observation. The key, in my opinion, if you're going to trade his style is to know when to not trade. Don't chase moves and be willing to sit out of a range-bound market. Personally, for me, this was a bit frustrating. Additionally, I wanted a smoother equity curve, so I've since switched to trading the ES on a shorter time frame.

Dave, Do you like locking in a piece once the initial risk is covered?

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I have read in Van Tharps book How to have Financial Freedom through trading and he says that traders that do this have a strong desire to be right on a trade. I have done some testing on a pullback strategy and it seems that it really does smooth out the drawdowns but you have to be right alot to make money with this exit strategy.

I will say this. I think Dave's book is worth a read for any trader. Even though I'm not swing trading full time with Dave's style, I have found myself scrolling through charts and seeing irresistable setups.

If I can't resist the set-up and the market conditions are just perfect, I'll place a trade and use some of Dave's techniques to manage it. I find that not feeling the need to trade every day, acts as a great filter for mediocre set-ups.

The key to succeeding at Dave's style is the willingness to scroll through lots of charts I have learned the "secret" to trading is learning when not to trade. ALL methodolgies have a "sweet spot".

So you have to learn to recognize those times and forget about the rest. I'm sure you already seen it if anyone else wants this, I can get you a PDF , but essentially what you are saying is very similar to what I said in short-article I wrote a few years back "My Most Valuable Trading Lesson".

Dave Landry, One of your former colleagues at TradingMarkets.

Personally I have no idea if this is true or not, and I don't really care. However, you should be aware that many people do believe this guy and this could be affecting your credibility without you even knowing it.

Dave, what's your response to the prior post? Silence lends credence to this rumor. You must log in or sign up to reply here.

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