About TraderHR

TraderHR was founded in April 2004 by technical analyst and trader Sinisa Persich, and relaunched in November 2010 in partnership with AdviceTrade. The site is a destination point for traders around the world who use its day and swing trade set-ups to yield profits in both up and down markets.

Persich, with a degree in electrical engineering from the Faculty of Engineering Rijeka, Croatia, uses a strategy of culling the wide universe of stocks (many of them smaller caps) each day and identifying those that are building strong continuation patterns. These are stocks that have already broken out (or broken down in the case of shorts) and are consolidating in bullish/bearish triangles, flags, pennants, rectangles and wedges ahead of the continuation of the trend.

Persich sums up his philosophy as follows: "If we assume that it is impossible to predict what is going to happen in terms of a stock's movement in the future, the only thing left for you to do is to follow the stock trend!"

As a strong believer in trends, Persich tends to set the entry points of his daily swing trade set-ups above previous day highs, while his stop losses are mostly in range from 3%-5% below entry price. Similarly, his entries on day trades are set above the session high.

"I don't risk too much. If I see that my stock does not continue its trend, I raise my stop loss to around entry price so I'm basically flat. In 10 recommendations, 2-3 stocks tend to continue their trend, yielding a 10%-12% gain, while other picks are exited at a small 0.5% gain to 2-3% loss. If you use good money management, you can't lose, and that's what can be seen in my TraderHR trading system."

In the first year of his swing trading portfolio, from July 2009 through June 2010, Persich yielded a 40.7 percent return.

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