6 swing trading setups for today

Short term swing trading candidates are based on the phenomenon of range expansion. When a stock has range expansion preceded by periods of range contraction, there is a good probability that the stock will move in direction of that range expansion for next 3 to 5 days.

CNTY is recent example of that. Stock was in confirmed momentum phase and 4 days ago had range expansion. Since then it is up around 15% in 4 days. Prior to range expansion stack was in consolidation mode.

These moves can be small moves or explosive moves depending on market conditions, size of stock, float of stock, short interest , price of the stock or sector trends.

Some of the range expansion can be anticipated and that offers low risk entry points , however many range expansion surprise market and the stock moves in direction of range expansion.

Everyday I run 3 bullish and 3 bearish scans to look for range expansion setup that offer good risk reward setup. Obviously on most days there are lots of them but only handful of them are worth risking money. You also need to check for earnings date before taking trade.

Some of the better looking long and short setups from Friday's scan are:

Bullish Candidates

MGAM
GASX
PNK
RMTI
ASTX

Bearish Candidates

The list will be published daily for readers of the blog.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

404

Recent Articles