Swing Trading: Rules and Philosophy

Swing Trading: Rules and Philosophy
My style is based on Taylor trading technique, the short-term method for trading daily price movements that relies entirely on odds and percentages. It is a method as opposed to the system. Very few people can blindly follow the system, although many find it easier to be discretionary in a systematic way.
Because this short-term swing technique generates frequent trades, it is important to know the "correct play" to lock in profits, and to seek the "right direction." Taking a loss is just playing for position. One trades strictly for probable future results, rather than what the market can do.