Even IBD shifts focus to swing trading

As many of you would have noticed IBD is now promoting its swing trading service. It is reflection of the range bound nature of the markets.

Stocks do not move for long period of time but when they move they just don't walk they sprint. This phenomenon is more pronounced on stocks with established momentum profile. A surge of buy interest in short period of time creates these kind of powerful momentum bursts. This bursts do not last long , they can lose momentum quickly in 3 to 5 days.

If you set up a method for finding and trading these kind of setups on daily basis you can find these setups on your own.You can scan for stocks with established momentum that are having mini pullbacks. If market is in uptrend you will see hundreds of such setups. If market goes in to correction , these kind of setups automatically dry up as number of stocks with momentum drops on bullish side while bearish momentum stocks increase. At the beginning of new bull move, you will see proliferation of these kind of setups.

Once you establish a scan for these kind of setups, these start showing up on breakout soon as market opens. By first 15 to 30 minutes many stocks breakout. If you enter early you can profit from the move during the day. As the day progresses you will find more and more setups.

In these kind of swing trades you want to put as close a stop as possible. Because the entire logic for buying the setup is that the strong momentum will continue next day or in next 2 to 5 days and stock will never revisit the breakout level. If that happens the momentum burst has failed. So stops of around 3 to 5% are good enough . Profit targets on these kind of setups are 8% to 20%.

This kind of swing trading is relatively easy to master and offers you thousands of opportunities. You can control your risk very well and don't need to know fundamentals of stocks to trade. You do not need expensive software to trade this. You don't need to subscribe to any service or attend expensive thousands of dollar worth of courses to master this. As long as you are motivated and willing to put in efforts for sustained period of time till you can develop expertise in this, you can learn this no matter your age and sex.

If you study the highlighted posts on this site in side panel , you will find complete details for setting a swing tading method on your own.

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