Archive for category Swing Trading
Develop A Trading Plan
Posted by Rob in Swing Trading on April 28th, 2009
Develop A Trading Plan – Entry and exit rules that insure successful swing trading
WHAT is the Trading Plan
The Trading Plan is a set of rules that determines when to enter and exit a trade. At first, it might seem a little complicated, but once you have place a few trades using the system, you’ll realize it’s really quite simple. The best part Read the rest of this entry »
Pattern Recognition Criteria
Posted by Rob in Swing Trading on April 21st, 2009
While looking at a chart can often tell you whether a stock is appropriate for swing trading, it is very time consuming to look at charts, particularly if you look for opportunities every day. Another way to identify good stocks is to use software that can scan all of the listed stocks based on a series of algebraic equations that represent the characteristics of a good chart pattern.
Before discussing the specifics of pattern recognition criteria, we’ll briefly consider the measures used in the algebraic equations. Read the rest of this entry »
The Steps in Swing Trading
Posted by Rob in Swing Trading on April 15th, 2009
The Steps in Swing Trading
STEP 1 – Identify a stock that is in an uptrend or a downtrend.
STEP 2 – For stocks in an uptrend, identify those that are experiencing a pull-back. For stocks in a downtrend, identify those that are experiencing a pull-up.
STEP 3 – Once an appropriate candidate is identified, place a limit order to buy Read the rest of this entry »
Market Trends
Posted by Rob in Swing Trading on April 13th, 2009
Up Trends
The chart below shows the price movement of Myriad Genetics (MYGN) in an uptrend. Notice that after the price moves up, it takes a rest, or pulls back. When we swing trade an uptrend, we buy on the pull-back.
An uptrend can be identified by a series of higher highs and higher lows (the bottom of each pull-back). In other words, an uptrend is a series of successive rallies with each rally going higher than the previous one and each pull-back stopping above the previous one.
The price movement looks more like the zig-zag of a saw blade Read the rest of this entry »
An Introduction to Swing Trading
Posted by Rob in Swing Trading on April 12th, 2009
An Introduction to Swing Trading
To make money in the stock market it is necessary to have a disciplined approach to trading. We also believe that it is also important to keep things simple. While our goal is to keep things simple, the trading rules might initially seem a bit complex. However, once you learn the rules and you trade with discipline, you will make money in the stock market.
Swing trading allows you to make money when the market is bullish, or bearish, or just going sideways. That is why it has a distinct advantage over other approaches to investing. The goal is to make money, not to rest one’s hopes on the future of a stock, a sector, or the economy. Read the rest of this entry »
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