Wednesday, September 24, 2014

Boxer, Profitable Day and Swing Trading

Harry Boxer, a veteran trader and technical analyst, has a subscription website with a live trading room that focuses on trending small- and mid-cap stocks. I don’t know how good it is (on the home page it boasts outsize returns and has the usual rave reviews), but if subscribers make money it’s testament to good old fashioned technical analysis. Because in Profitable Day and Swing Trading: Using Price/Volume Surges and Pattern Recognition to Catch Big Moves in the Stock Market (Wiley, 2014) there’s mighty little that’s new.

Yes, Boxer does tout the proprietary technical indicator from Worden Brothers, Volume Buzz, that I, who have never used their software, was unfamiliar with. Otherwise, the only things that can’t be found in most other technical analysis books are the ticker symbols—the likes of WUBA, ZHNE, FMI, VISN, MLNX, XPO, ATRM, RGDO, JKS, P, ADEP, ARWR, RMTI, VTR, RNF, DQ, SCTY, GENT, GTN, AFOP, BITA. Boxer includes color charts of these, as well as several other stocks, to illustrate his points.

Chapters deal with moving averages, trend lines, targets and stops (including Fibonacci and Elliott Wave analysis), technical divergences, stochastic oscillators, MACD, Bollinger bands, and position sizing and money management.

Boxer also offers eleven rules and guidelines to better trading, such as avoid trading during the first 15 minutes of the market open; use limit orders; have a selling plan; keep a journal of all your trades; be willing to lose before you can win; trade strong stocks long in an uptrend, short weak stocks in a downtrend; and wait for the pullback/retest.

Purchase of the book includes access to an 80-minute online video seminar.

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