Swing Trade Management System 1.0

(1.)  Starting A New Swing Trade For Management

(Step 1.)  To begin a New Swing Trade For Management, Click on the NEW button found in the upper left hand corner of the Trade Management Screen. This will add a new blank record to the system and place your cursor in the Symbol Field. (Step 2.)  Type in a Valid Symbol and hit the Enter Key. This will move the cursor to the date field. You can Double-Click in the date field and it will auto-populate the field with the current date. Use the small arrow buttons to the right to move the date forward/backward. Enter the Number of Shares, Entry Price, and Commission Cost. Note you can use the ENTER Key, the TAB Key, or your UP/DOWN Arrow keys on the keyboard to advance the cursor through the entry fields. After you enter the price and hit the ENTER key, the program will automatically compute the Total Trade Size (Cost) and position the cursor in the commission field. (Step 3.)  When you have completed entering the pertinent trade information into the fields CLICK the POST CHANGES button in the top middle of the screen to write the data to the database. This SAVES your information.

NOTE: The current 1.0 version of the Swing Trade Management only handles LONG trades. You will not be able to change this field. The 3.2 upgrade coming in December will incorporate SHORT trades into the system.

(2.)  Running The Swing Trade Analysis

Each day when the market closes, you should Run your open position Swing Trade Analysis by clicking on the RUN TRADE ANALYSIS button. (Found in the upper right hand corner of the Trade Management screen.) The Swing Trade Management System will automatically download your stocks historical price data and compute key information regarding your Swing Trade. (See Example Above) In the Stops and Targets Box, you will notice that the Trade Manager will always compute a 1st and 2nd Target and a generic 2 times average volatility Stop Loss Price.

NOTE: The Trade Manager may also compute a Parabolic Target, Parabolic Stop, a Swing Trailing Stop and a Wide Trailing Stop. These fields will only appear when the program generates them for the trade in progress. i.e. if they are blank, then they are not pertinet to the trade at this point in time.

(3.)  Understanding The Parabolic Target And Parabolic Stop

When the Trade Manager detects a Wide Range Day in the favor of your Open Trade, it will compute a Parabolic Price Target and Parabolic Stop. A Parabolic price bar can move 3-4 times the average range of the stock in only one day. When this occurs it can give you rapid gains on your swing trade so it makes sense to lock in profits at key target areas. Many times the day after a Parabolic day, the stock price will continue higher before stalling out. The Trade manager computes a Parabolic target for the next day and also a Trailing Parabolic Stop, in effect "Bracketing" in the price so that you can't lose. One of the two exits will get hit and you have a guarenteed winner.

(4.)  Using The Swing Trading Trailing Stop

As your swing trade moves in your favor, the Trade Manager will compute a TRAILING STOP. When you see a Trailing Stop appear in the Stops and Targets Box, you should consider sliding your Stop Loss order up to the suggested trailing price to lock in gains at that level should your trade turn against you.

NOTE: The Wide Trailing Stop is designed for longer hold trades, i.e. 3-6 weeks, and will only appear when applicable. Your trade will have to be moving in your favor over this time period for the Wide Trailing stop to appear and adjust.

(5.)  How To Exit And Close A Trade Out

To Close a Trade Out Enter your trade exit information, i.e. date, number of shares, exit price, etc and CLICK the POST CHANGES button. If the number of exit shares correctly matches the number of entry shares, then the program will detect that you wish to close the trade out and will display the Close This Trade Out button towards the bottom of the screen. CLICK on this button to officially CLOSE and COMPLETE the Swing Trade.

NOTE: When you CLOSE a trade out the program will automatically enter the close-out date. (You can change this if you need to). This date field is what tells the program that the Swing Trade is officially closed. You will see a COMPLETED message at the top of the screen and your Trade will no longer have a Quick Search button in the Open Trades column at the right of the main screen, nor will the program perform any additional analysis on this trade entry.