Have You Seen This Swing Trading Strategy?

– SWING TRADES

o The key is to keep it simple

o Simple price patterns, simple trade management, simple entry trigger

o Don’t try to dig into the charts too much, the chart should be SCREAMING AT YOU!

§ Looking for a established trend is the best way to start

§ Then look for a pullback/retracement to trade with the trend

§ And also look for a price reversal pattern to trade against the trend.

o The hardest part of swing trading is committing to your trade and letting it play out

o Another challenge is that swing traders use overnight margin, which is a lot higher than intra-day margin.

o $20,000 account would be your minimum to be an effective swing trader.

o You can easily qualify as a member to manage a large account for swing trades.

o More info on how to manage accounts can be found in the advanced course download section.

o You will want to have 2 accounts if you trade both day trades and swing trades

o Practice on a demo, and if you show me 30 days of consistency on the demo, I have a swing trade for you.

o You can use more than 3 targets.

– Big Round Number

– 100.00, 1400.00, 800.0, 1.3500

– These are price levels that large traders easily remember

– The larger sized orders that come in around these levels make for sloppy and ‘sticky’ price areas.

– What does the volume look like throughout the year:

o End of the first quarter

o Last 2 weeks of August, first week of September

Last 2 weeks of the year, and the first week of the new year