First, you need to learn how to read the candles – and specifically price action. You should be able to tell by looking at any stock chart if the buyers or the sellers are in control. Read these 10 price action tips. There are 4 chart patterns that I look for when I run my scans.
Learn about these four chart patterns and how to trade them. Want to learn how to day trade stocks? After a stock moves up, it will often pull back or “retrace” a part of the previous move. These retracements and extensions are what we will be discussing in the next two articles. As a swing trader, you will be looking for trading opportunities off of the daily chart.
But, you will want to look at the lower time frames to get a better idea of what might happen next. On the next page, I will try to take the mystery out of analyzing stocks in multiple time frames. Learn how to trade multiple time frames. We have already talked about an entry strategy. But sometimes you may want to be more aggressive with your entry in order to get a better risk to reward trade. Check out this alternate entry strategy. Want to see some example trades?
See four example trades for swing traders. It is common knowledge that you can make money when a stock goes up. But, did you know that you can make money when a stock goes down? This called “shorting stocks” and you must learn how to do this so that you can make money in the market – regardless of which way the market moves. Learn the basics of shorting stocks. Learn how to short stocks with precision.
How do you tell if a trend is strong or weak? This technical indicator is a great tool to use when you are writing stock scans. Learn how to use the ADX indicator. How to judge trend quality by analyzing volume and swing points. You need to be able to scan for stocks in order to find the best trade setups. Find a stock scanning service that is right for you. Sometimes the stock market may appear to be doing well.
Want to know what is really going on under the surface? Want to learn a simple but powerful little trading trick that most stock traders don’t know about? Learn a little known swing trading trick. Ok, by now you have read through the beginner, intermediate, and advanced sections of this website. You are probably thinking that you are some kind of a swing trading ninja! You might even be entertaining some crazy thoughts like, “Hey, maybe I should start trading stocks for a living!
Go on to the Reviews section. Learn to trade Trading Course This is a home study course that teaches you how to trade stocks from full-time swing trader Kevin Brown. Featured Article How to Scan For Stocks Looking for the best stocks to trade? Here is a list of the best scanning and charting services available today. Swing Trading System Trade Triangles Are you looking for an easy trading system to follow that takes all the guesswork out of when to buy and sell stocks? Stock Market Software Tradespoon Click a button and this software program will tell you what the stock price will be into the future. Give this service a test drive.
I think you will really enjoy tinkering around with this trading algorithm! Recommended Reading What Are the Best Stock Market Books? See my list of the top technical analysis books that I think every trader should own. Ultimate Secret More like been revealed. Enjoy Free BONUS Trend Signal Indicator v1.