Six trading ideas

Here are a few trading ideas. Some may be immediately executable; some may need to go on a watchlist. In most cases, these are consolidation plays and could be entered on short term breakouts (e.g., breakout of previous day’s high, if looking to buy). There’s a little bit of everything: individual stocks, a currency, an index short, and a commodity, and a mix of long/short ideas. Last, profit taking is important. These are swing trades, so don’t extrapolate into multi-month moves. When those develop and we’re lucky to be on board (as we have been for beans and the euro), that’s great and a trailing stop will keep you in the trade, but that is not the expectation here. Correct stops, proper risk management, correct position sizes based on risk, disciplined profit-taking, and trailing stops are your friends.



Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.