BEST SWING TRADING METHODS – LEARN TO SWING TRADE AT MARKETGEEKS
What I started doing was reading both Futures Magazine and Technical Analysis of Stocks and Commodities. These two publications were ahead of their time, especially back in the early nineties. I learned so much about taking long term trading concepts and applying them to short term swing trading concepts. I then saw an advertising for a book that was originally written for commodity trading. It was called “Technical Traders Guide to Computer Analysis of the Futures Markets”, by Chuck Lebeau and David Lucas. This book introduced me to many technical concepts that are still used to day. These concepts apply to stocks just as they do to futures contracts. Many traders took these concepts and began applying them to shorter time frame and intra day as well. Click here for more info on swing trading
I highly recommend you pick up a copy of this great book, it’s one of the few trading books that withstood the test of time. Many professional swing trading experts such as Linda Rashke, who was featured in the Market Wizards books praised this book for many of her own strategies.
Getting back to the subject, how does someone go about getting started in swing trading?
I put together a few tips for you to follow. I think if follow this
you should be on your way to a good start.
Use a basic strategy – Advanced strategies can be too overwhelming and frustrating for someone starting out.Don’t try to master every trading concept. Many traders begin by trading complex patterns and miss important entry and exit points because the strategy is too complicated to keep track of.
Trade with the main trend – You will here this over and over again, but what it really means specifically is use a basic indicator like a 20 day moving average and make sure you trade in the direction it’s pointing. If the market is moving up only take signals going up and if the market is moving down only take signals going down.
Don’t get angry at the market – The market you are trading, no matter which market it is does not care about you or your trading. The only way to control the market is to become friends with it. You do that by always going in the direction it’s going and when you don’t like something you walk away. The market will never accommodate you or do anything for you except take your money so the only way you get a chance is by working with it and not against it.
I highly recommend you pick up a copy of this great book, it’s one of the few trading books that withstood the test of time. Many professional swing trading experts such as Linda Rashke, who was featured in the Market Wizards books praised this book for many of her own strategies.
Getting back to the subject, how does someone go about getting started in swing trading?
I put together a few tips for you to follow. I think if follow this
you should be on your way to a good start.
Use a basic strategy – Advanced strategies can be too overwhelming and frustrating for someone starting out.Don’t try to master every trading concept. Many traders begin by trading complex patterns and miss important entry and exit points because the strategy is too complicated to keep track of.
Trade with the main trend – You will here this over and over again, but what it really means specifically is use a basic indicator like a 20 day moving average and make sure you trade in the direction it’s pointing. If the market is moving up only take signals going up and if the market is moving down only take signals going down.
Don’t get angry at the market – The market you are trading, no matter which market it is does not care about you or your trading. The only way to control the market is to become friends with it. You do that by always going in the direction it’s going and when you don’t like something you walk away. The market will never accommodate you or do anything for you except take your money so the only way you get a chance is by working with it and not against it.