6 Steps on understand Swing Trade Picks
What is Swing trading?
Swing trading is the same day trading. You just hold the stock a couple more days instead of selling it the same day you purchase the stock. Let say you buy a stock on Monday and sell it Thursdays. That would be a total of 4 days of swinging the trade.
How to swing trade?
To swing trade we have to look at a couple of things before we get into a trade. We as traders need to look at the trading plan. Inside our trading plan, we will have a list of a checklist which will need in order to profit/protect/exit a stock. These 3 things are very important to understand. This could be your make foundation for potentially becoming a bit better as a new or experienced trader.
Day trading vs swing? Benefits?
This depends on what your style. If you don’t like to sit all day and watch the stock market then being a swing trader will most fit you. On the other hand, If you more action pack kind of trading then day trading will most suit you.
6 Simple Steps To Swing Trade
- Identify the stock
- Do your “MTFA” to get a deeper looking and identify the trend/pattern
- Review the stock one more time
- Set your Entry/StopLoss/Target
- Wait for a pattern to set up / Enter a stock
- Exit stop if it hits the Stop Loss or Target
How to stay safe swing trading?
For all new traders, you should only risk no more than $10 to $20 per trade. Why this amount? Good questions… If you want to protect your loss ratio then you need to set yourself a limit, you know… incase SHTF! The stock market is a game of statistical probability believe it or not.
Can you make money on swing trades?
Yes you can make a grate amount of profit while swing and daytrading
Best indicator to use?
When using indicators it best to limit yourself. Starting off you want to focus on understanding what candlesticks are… aka “Japanese Candlesticks” This can help you get a deeper look inside the trend as the candlesticks are what is forming the trend. All together they form a chart for me and you to trade. You want to look at the 9ema and 21ema on 1 min chart, 2 min chart, 5 min chart, and 15 min chart. Use the 200 ema on 60 min chart and daily.
What is MTFA? Aka Multiple Time Frame Analysis
Multiple Time frame analysis. Let me give you an example. You start off by looking at a daily chart. The daily chart will tell you where the stock is and how it got there. To dig further deep will look at a 60 min chart and see how the stock is doing every 60 min. We dig deeper and move onto a 15 min chart then 5 min, 2 min, and 1 min. As you can see we are going into multiple time frames.
Why a stop loss is important?
- Help protect your loss ratio and maintain your account alive to trade the next day. One trade a day will keep the JOB away
Reading Candlestick aka "Japanese Candlestick"
- This is an important topic we need to understand as traders.
Japanese Candlestick is the main key in understanding day/swing trading.
When a trader takes a trade…..
that forms a Tick!…….
That tick forms a bar!
That bar forms the charts
And guess what? We trade those Charts!
Swing Trade Alerts
What to learn how to swing trade ? Let us pick the stocks for you while you enter them and exit them all by yourself.
If you simply can’t sit in front of your computer, mobile phone or don’t have all day to watch the market. Then this is for you
If taken properly with a trading plan will allow you to stay consistent week after week and make your investment portfolio grow.
3-8 stock trades every Sunday Per Week
Entry Price for the stock
Stop Loss for the stock
The Target Area for the stock
Cancel Anytime NO Long Term Contract
If taken properly with a trading plan will allow you to stay consistent week after week and make your investment portfolio grow
How do we push out the alerts?
An email will be sent out Sunday
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