A Practical Guide To Swing Trading

A Practical Guide To Swing Trading

by My App Builder
     
 

Here are few paragraphs from the book,

Why does swing trading work? Because you are trading in the direction of the trend. You wait for a pullback before entering the trade, and you enter only if the stock shows a sign that it’s price will continue in the direction of the trend.

The main objective of a swing trader is to profit from swings in…  See more details below

Overview

Here are few paragraphs from the book,

Why does swing trading work? Because you are trading in the direction of the trend. You wait for a pullback before entering the trade, and you enter only if the stock shows a sign that it’s price will continue in the direction of the trend.

The main objective of a swing trader is to profit from swings in price movement over the course of several days. While we might trade every day, we are not day traders. As swing traders, we have the patience to wait until our profit goals have been reached. Fortunately, the wait is not too long. A typical trade is only in play from a few days to a few weeks. When a trade is closed, the funds go into the next trade.

Money management is very important in swing trading. I divide my trading capital by 15. This is the amount that I put into each trade. As the total account grows, the amount of each trade grows. If you can handle a larger number of trades, you might increase the number of trades that are active to 20. Of course you can also start with 2 or 3 trades at a time.

Product Details

ISBN-13:
2940012301482
Publisher:
MyAppBuilder.com
Publication date:
04/12/2011
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
2 MB

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