Alan Farley


Alan Farley

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Alan Farley is a private trader and publisher of the Hard Right Edge, a comprehensive online resource for trader education, technical analysis and short- term trading tactics. His methods have been widely featured in the financial press, including Barrons , Smart Money , Tech Week , Active Trader , TradingMarkets.com and TheStreet.com.

Books

The Master Swing Trader , McGraw-Hill, 2000

Swing trading

  1. Forget the news, remember the chart.

    You're not smart enough to know how news will affect price. The chart already knows the news is coming.

  2. Buy the first pullback from a new high. Sell the first pullback from a new low.

    There's always a crowd that missed the first boat.

  3. Short rallies, not sell-offs.

    When markets drop, shorts finally turn a profit and get ready to cover.

  4. Don't chase momentum if you can't find the exit.

    Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.

  5. Trends test the point of last support/resistance.

    Enter here even if it hurts.

  6. If you have to look, it isn't there.

    Forget your college degree and trust your instincts .

  7. The trend is your friend in the last hour .

    As volume cranks up at 3:00p.m., don't expect anyone to change the channel.

  8. Avoid the open .

    They see you coming, sucker.

  9. Price has memory.

    What did price do the last time it hit a certain level? Chances are it will do it again.

  10. Beat the crowd in and out the door.

    You have to take their money before they take yours, period.

www.hardrightedge.com



Global-Investor Book of Investing Rules(c) Invaluable Advice from 150 Master Investors
The Global-Investor Book of Investing Rules: Invaluable Advice from 150 Master Investors
ISBN: 0130094013
EAN: 2147483647
Year: 2005
Pages: 164

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