TraderHR was founded in April 2004 by technical analyst and trader Sinisa Persic. The site is a destination point for traders around the world who use its day and swing and day trade set-ups to yield profits in both up and down markets.
Persic is a Chartered Market Technician (CMT) and Member of the Market Technicians Association (MTA), with B.A in Electrical Engineering. He uses a strategy of culling the wide universe of stocks each day and identifying those that are building strong continuation patterns. These are stocks that are ready to breakout and are consolidating in bullish/bearish triangles, flags, pennants, rectangles and wedges ahead of the continuation of the trend.
Persic 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, Persic 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 1%-3% below entry price. Similarly, his entries on day trades are set above the session high
Member of The Market Technician Association