Dave Landry on Swing Trading
$17.31
| Author(s) | |
|---|---|
| Pages |
246 |
| Format |
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| Published Date |
2001 |
Dave Landry on Swing Trading takes you from his daily routine to the exact methods David Landry uses day-in and day-out in his own analysis and trading. More than a dozen momentum-based strategies that pinpoint opportunities based on pullbacks and capitalize on false market moves. He also teaches you how to use volatility to select the right stocks and low risk/high reward set-ups. This is a complete manual on swing trading which includes everything the beginner and intermediate trader needs to get started trading quickly.
Introduction:
The following sections are included in his book to help you improve your trading results:
Trend Qualifiers – Determining which stocks are moving with the general market trend is the first step. Learn how to precisely identify strongly trending stocks. Stock Selection – Making sure that the stocks you have picked exhibit the highest potential to move in your favor is key. David Landry will show you how narrow down your universe to pick the right stocks to trade.
Swing Trading Strategies – Once you have your universe of stocks to trade, you can determine which stocks exhibit the highest potential to trigger for a promising move using chart patterns. More than a dozen swing trading strategies presented in an easy-to-read, easy-to-understand format. He provides you with the specific rules for entry and exit so you can start identifying the best trading opportunities immediately.
Trading Master Section – To ensure that you understand as much of Dave Landry’s methodology as possible, he has included for you dozens of trading examples to help you understand exactly how he trades his strategies and how he reads the market with uncanny accuracy.
Stock Market Timing – Now that you have great set-ups, how do you decide which ones have the best chance for follow through? Learn how to use a number of stock market timing techniques to hedge your trades by trading with the probable direction of the market. Money Management – The real holy grail of trading is not contained in a pattern or an oscillator, it is found in your ability to limit losses and maximize gains. An often-neglected yet crucial element of trading is examined by Dave Landry in-depth as he helps you tailor the best stop methodology for your trading style.
Trader’s Psychology – You have the tools and the right strategies, but do you have the discipline to succeed with the wealth of trading knowledge you have just learned? Finish off your swing trading education with Dave’s thoughts on the winning trading methodology.
Contents:
- THE BASICS OF SWING TRADING
- MORE SWING TRADING PATTERNS
- VOLATILITY
- MARKET TIMING
- OPTIONS
- PSYCHOLOGY
- PUTTING THE PIECES TOGETHER
Dave Landry on Swing Trading pdf
17 reviews for Dave Landry on Swing Trading
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Paisleigh Anthony (verified owner) –
Traders who study and learn from the lessons outlined in this book will be handsomely rewarded. An understanding of market swings is beneficial to every market participant, and after reading this book you’ll have that understanding.
Blake Cisneros (verified owner) –
Dave Landry wrote a 200 pages book on strategies. A good read on price bar and how read the market using ADX, volatility, and his bowtie method. Couple of gems in the book, and alot of examples. His methods are varient of the same thing, thus, reading between middle to the end of the book was quite bored. Three stars for beating the dead horse.
Penelope Hartman (verified owner) –
Dave Landry on Swing Trading has it ALL. Landry goes into psychology, money management, systems and setups. This book a must for ALL traders who are seeking new trading ideas and strategies that REALLY work!
Stategies like the TKO and the Bowties are among my favorites. One Bowtie trade took care of the cost of the book 100 fold!
Landry is what you call SIFU in the Asian culture, he is the Master (of swing trading) and we the readers are his students. Practice and study what the Master has taught you and you will succeed in your trading.
A must read by all…novice and professionals!
All I can say is get this book written by a true Master of the Art of Swing Trading.
Grey Fitzgerald (verified owner) –
Dave Landry provides ideas that are easy to find in the stock market. They make sense, and over the past year have generated profits when entry opportunities have been present. A good book by an author who answers emails and clears up any questions.
Finley Hurley (verified owner) –
Dave Landry provides a rare commodity with his first work “Dave Landry on Swing Trading”; a book that’s not only concise and to the point, but also highly practical and full of useful detail that every trader from a rank novice to a seasoned pro can benefit from.
I found Landry’s approach refreshing and felt as if I was sitting over his shoulder learning how to put together the whole enchilada. Includes over a dozen time-proven set-ups, some of which appear in book form for the first time that I’m aware of, as well as critical money management schemes and clear tips for scaling out of positions to maximize profits while controlling risk.
The large charts and numbered summary accompanying each technique continue to prove invaluable for me as a accessible quick reference quide. Many trading books are a bit obtuse, forcing one to re-read entire chapters when all you need is a refresher during the trading day. Not so here.
If you carefully follow even one of the clever set-ups in this book combined with his money mangement suggestions, I suspect the… price of the book will be repaid in exponential fashion.
Olivia Horne (verified owner) –
Mr. Landry’s concepts are good to study at least as a first-time traders’ primer. One must realize, however, that the book was written (and strategies tested) in a time when pullbacks could be measured in three days and a “monkey with a dartboard” could pick a NASDAQ stock chart and pull down 20 points profit after each breakout (that is, the stock bubble late 1990s). These techniques work best with growth stocks of that era, but are somewhat limited in volatile and sideways markets that we are experiencing currently.
Regardless of this limitation, the basic techniques are presented in a concise and simple-to-understand manner. One thing Mr. Landry gets right in this book is that the simplest trading methods really do work the best, and that documenting one’s mistakes and successes in a journal is perhaps the quickest way to gain mastery in trading.
Buy it used or borrow it (as it is not the be-all-and-end-all trading reference), but give it a look if you are new to trading. Just don’t dump good retail money into it.
Anahi Barber (verified owner) –
If you trade stocks for a living or if you take your investing seriously, you have to constantly read to hone your craft, and believe me there is a lot to read. Not often, but every once in a while you come upon a book that takes you to the next level. This is that book. If you want to make money in an ever changing market place, you need to own this book and read it over and over. Prior to March 2000 making money in the market was easy, and everybody was doing it. Since then the market has changed forever and the easy money has already been made. From now on you are going to need to know what you are doing if you want to play this game. This book puts you in the know. I bought this a few months ago, and I have read it four times and consult it often. I would suggest if you want to make money in this market during both the ups and down, you have to own this book. I recommend it as a must read. This is not your father’s stock market anymore.
Finn Alvarado (verified owner) –
I have followed Landry on the TradingMarkets.com site for many years—and finally bought the book! No surprises, as I already knew his trading style and many of his setups, but it was nice to have everything in one concise book.
The two things I really like about Landry are 1) his setups are easy to understand, and 2) his writing style is very clear and simple, which is refreshing.
I recommend it.
Van Andersen (verified owner) –
Since I started Dave Landry’s trading method’s back in June of 2005 and bought his two books, my trading skills and techniques have been greatly improved. As time progresses, my skills get better and better. It becomes more natural to pick out the winning stock charts. Dave’s methods are not rocket science, and egos need not apply for this book. It takes some humility to realize that it can be just pure chart reading and skills that bring home the bacon and winnings. Complicated methods, indicators, zig to the zag patterns, and hyped-up trading gimmicks make things too complicated, yet this book gives clear insight to make the grade in the trading paradigm. With patients and sticking to this book’s methods, you will improve your trading performance. Guaranteed.
With that said, this book is for all type of traders. If you’re long-term trader, the techniques presented in the book can help give you a better eye for stocks and help with better entry points and give your psyche a boost. Short-term traders, duh! Same thing. Dave lays out step by step, what you need to do. Starting from the basics, he guides you through finding the right stock, where to buy, where to sell, and money management. Also, the psychology section is one of the best parts for me. It will make you laugh and cry, when it comes to the trading world. I highly recommend this book. If you read it, be patient. Re-read as many times as it takes.
Marlee Giles (verified owner) –
Dave Landry On Swing Trading contains over a dozen strategies designed to make you become a nimble swing trader. The book’s format is not unlike the other great trading books from M. Gordon Publishing (Street Smarts, Connor’s on Advanced Trading Strategies): pattern setups, as well as trade entry signals are clearly described and numbered sequentially. Large, easy-to-read charts accompany and illuminate every strategy and example. No “where’s the beef?” trading prose here.
According to Landry, the first task of the momentum swing trader is to identify the trend. And his definition of “trend” (Chapter 3) is as broad as his trade setups are specific. Landry emphasizes seeing the “bigger picture” when defining a trend.
The ADX., of course, is used as a trend filter, but not exclusively. Moving averages, as well as over a half dozen other “trend qualifiers” are described in a similar vein. Landry gives numerous chart-illustrated examples of a trend with both high and low ADX readings.
Though other basics of swing trading are discussed (e.g. drawdowns, money management, stock selection), it is Chapter 5, “Pullbacks,” (deemed by Landry as the “single strongest way to trade”), along with Chapter 3, that form the core of the book’s first section.
Section Two details other swing-trading patterns, including:
-Fakeouts and false moves
-Bow Ties
-Micro Patterns
The “Bow Tie” pattern is a visually descriptive one, using a moving average crossover system. Landry explains how and and why this method works, when, he emphasizes, most crossover systems do not.
Section Three, “Volatility,” is an advanced lesson in swing trading. Landry adds historical volatility (HV) to the swing trading “mix” in order to capture explosive market moves over a short time frame. A formula for HV is included in the an appendix.
Next, Landry shows how to tie in his strategies with the overall performance of the market (Section Four, “Market Timing”). Included are three different systems (The Oscillator Swing System, TRIN Reversals, CVR III-Modified) designed to trade the stock index futures, all examined in detail. Like all the preceding chapters, there are examples (with charts) aplenty.
Landry continues his “treatise” on momentum swing trader with a discussion of options trading and the psychology of trading. The latter section includes “Lessons Learned” (Chapter 13), some fun, yet common sense-based trading tips based on real experiences. A sample: “Who Makes A Better Trader: An MBA Or A Receptionist?”
The last section attempts to tie everything together and includes a very interesting chapter on the importance of one’s routine — their nightly preparation to trading success. This chapter, like many throughout the book, ends with an informal review with the author in a Q&A format.
This book is chock-full of those exact techniques that Dave Landry uses day in and day out to swing trade successfully. And all are presented in an easy-to-read-and-understand format. A great investment, this book.
Shiloh Mills (verified owner) –
Although dated somewhat it’s still a good read,love the market timing section.
Huxley Felix (verified owner) –
First off, let me say that I have made a lot of money using the information in this book as a basis. But I have found that the market has been changing over the past year or two to make the techniques in here less reliable. I have had to work to tune the information in this book to be more suited for today’s markets.
Most of the book is based around finding stocks that have a strong uptrend (or downtrend for shorting opportunities) by utilizing the ADX/DMI technical indicators. Then, you look for a recent high and a pullback of a few days. The idea is that these stocks will recover and shoot higher. He gives a bunch of charts showing stocks during the tech boom reaching new highs, pulling back for 3 or 4 days, then shooting up to astronomical heights. He also gives some variations on this same theme, but most are based on the ADX indicator.
While this is a good basis for finding plays, it does not yield many plays these days on a day to day basis. I wrote software to search out the types of price movement he talks about. In any given day, you will find maybe 20-50 (out of 3000 stocks I scan) stocks that loosely fit his criteria. Out of these, there are maybe 10 that match his criteria, and the next day, maybe 1 stock will follow the pattern. But I don’t see many at all reaching the high from before the pullback, never mind shooting astronomically higher.
Further, to get anything out of this book, you will need software that is capable of scanning the market. You will never be able to find these plays manually.
Thus, I can recommend this book if you have access to such software or are capable of writing your own software, as I did. If you do, you can tune these techniques and do quite well for yourself. But otherwise, I can’t see spending [money]for this book, for the reasons mentioned above.
June Davila (verified owner) –
Mr. Landry sets a good foundation in learning some basic setups and to understand the momentum of the market. His techiques are a little on the conservative side, and as another reviewer wrote, “a bit outdated”. Buying breakouts off of basically pennant type formations, isn’t really anything new. Although his emphasis on money managment still holds validity.
For futures traders, his approach is based on trend trading techniques. Again, while this is fundamentally true, it’s not really swing trading. Swing trading is utilizing the momentum and volatility in whichever direction the market goes, not in one certain direction. By utilizing momentum combined with price patterns, you limit your losses, while positioning yourself in the direction of the most probable way the market may swing. I can understand short selling equities and short selling futures is a little different, but if you can only position yourself in one direction, whether equities or futures, then your really aren’t swing trading.
He gives examples of short selling, but again, it’s more based on the trend of the market and trend has nothing to do with swing trading.
Futures traders will find that “Street Smarts” by Linda Bradford Rashke and Laurence Conners (published by the same company) is a more realistic view on how swing trading is done.
Solomon Arnold (verified owner) –
It was everything I expected and excellent presentation. A fine compliment to my other studies.
Kataleya Little (verified owner) –
This is a great book to start you off swing trading. If you are looking to make the transition from long term trader to short term, this is a good book to start. No technical math or formulas. Just good old fasion chart reading. The book also covers money management, nightly work and how to avoid mistakes that bring most traders down.
Melani Stone (verified owner) –
good
Alden Winters (verified owner) –
Having read each of the three of Dave Landry’s books (in reverse order) I have gained valuable insight on swing trading from each. If you’re new to swing trading, you may want to start with his latest book “The Layman’s Guide to Trading Stocks”. This book does a great job of identifying Dave’s set-ups, entries, placement of stops, where to reap gains, and exits. This author has done a wonderful job of getting down to business and giving you the information that you need to know and how to implement it. Too many books on trading are long on theory and short on application. This book is all about application. As the book was written nearly a decade ago, the then current market conditions have changed but the principles remain consistent. I would highly recommend this book as well as Mr Landry’s two subsequent books.