Dave Landry on Swing Trading

by David Landry and Daniel Lincoln

No time to day trade? Intermediate-term and long-term trading not enough? Then, swing trading is for you. Now, David Landry, Director of Trading Research for TradingMarkets has put his entire swing... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 1893756092
• ISBN13: 9781893756090
• Release Date: January 2000
• Publisher: M. Gordon
• Length: 336 Pages
• Weight: 1.80 lbs.
• Dimensions: 8.0" x 11.0"

Customer Reviews

a very good book on swing trading

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.

Good book with some important limitations

First of all, I should say that I am a convert from buy and hold to short term trading, and I have a lot to learn. This book, while expensive is worth the price if you are less than one year into short term trading.The book is clearly written and includes excellent graphics to illustrate the authors setups. The 3 page chapter on "Stock Selection" was worth the price of the whole book for me. Mr. Landry clearly lists the 8 conditions that he uses to build his "universe". For me, this reduced my daily downloads of 8000 stocks, to about 400. The chapter on trend qualifiers, an important prerequisite to using his setups, is very good. It covers ADX, gaps, closes and moving averages. Because of the importance of ADX (Average Directional Movement Index), a more detailed discussion was included by the author in the Appendix.The chapter on on basic pullbacks, is also excellent and he gives clear setups for both longs and shorts.In following chapters, Mr. Landry provides another 6 setups which he uses with clear examples for longs and shorts. All the setups can be easily programmed in TC2000, or most other charting, software packages. His clear setup rules are refreshing, in that so many books of this genre, are poorly written and difficult to mechanize.The chapter on Volatility, helped me to understand this concept, but more importantly, Mr. Landry provides clear and easy to deploy rules for using volatility. He also includes a chapter on Market Timing which provides 4 indicators that he uses to determine market bias.The chapters on Trader's Psychology and Lessons Learned are easy to read and to the point.All in all, I find this book to be one of the best I have read and I refer to it often. Mr. Landry states that the book represents how he trades and which setups he uses and does this in a refreshing way that is easy to understand.Now the limitations, in my humble opinion. First, his style of swing trading depends strongly on trending stocks. The setups will not work in a trading / choppy market. He states this up front, but if you are searching for mechanical trading systems, it is most important to understant that most setups that work in trending markets do not work in choppy / trading markets, and visa versa.Second, I was suprised that the author did not include any backtesting results for the setups. While backtesting is prone to many issues, the fact that he uses top down screens to ascertain market bias conditions before entering his trades, should have made any backtesting fairly reliable.Finally, I believe his entry points (usually 1/16 above or below the trigger, is pehaps too small and prone to whiplash in today's volatile markets. I am using a slightly wider increment based on the specific stocks average daily range.I am glad I bought this book. You can also learn more about Mr. Landry on TradingMarkets.com, where you can sign up for a one week free trial of his daily setups. The site is also a great resource for trading information in gene

A Complete Insight Into Dave Landry on Swing Trading

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 b

Dave Landry on Swing Trading

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.

Trading for the here and now.

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.