How to become good at swing trading
Swing traders try to capture short term explosive moves in stocks. Stocks move in explosive 3 to 5 days momentum bursts. Swing trader either use anticipation or breakout to profit from these explosive moves.
Study everyday stocks up or down 8% or 5 dollars in last 5 days. These are the stocks that this week are making big explosive moves. Study them everyday and note down your observations.
Based on those observation you know whether to buy stocks with prior day low range or negative day
Based on those observation you know whether to buy stocks up 3 days or not
Based on those observation you know where to put stop and why
Based on those observation you know where to exit and why
Based on those observation you know whether to focus on all time high , 52 week high , 52 week low and why
Based on those observation you know how high priced stocks move and how low priced stocks move
Based on those observation you know whether p/e matters or not
Based on those observation you know whether EPS growth matters or not
Based on your actual observation of these moves challenge every wisdom you hear or read about swing trading.
Every secret you need to swing trade successfully you will find if you daily study these explosive stocks.
Do this daily for 90 days and everyday your trading will improve and on 90th day you can burn all the books on trading ....
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