to enter a Swing Trade
Do not enter your orders immediately at the open. Wait for a few minutes
for the market to settle down before entering your orders.
1: Long Swing Entry
1: Short Swing Entry
the stock from the moment it trades above its BUYABOVE
trigger price. As soon as you buy, make sure to place a stop-loss
the stock short
the moment it trades below its SELLBELO trigger price. Once
you sell short, make sure to place your stop loss order.
2: Long GAP Entry
2: Short GAP Entry
the stock gaps up above the trigger price, wait for 30 minutes and
then put a buy stop order above the high of the day.
the stock gaps down below the trigger price, wait for 30 minutes
and then put a sell stop order below the low of the day.
to exit a Swing Trade
techniques and riding the trend:
Order - place your stop the moment you enter a trade. Exit your
trade the if the stop-loss gets triggered. After each day,
simply move our stop-order to under the low of that day for longswings,
and above the high of that day for shortswings. However.. never set
the stop loss at a lower/higher price than the day before.
50 percent rule - the moment you have a 7% gain on your
swing trade, book profits on 50% of your position.
the wave - ride the rest of your trade using a trailing stop.
After each day, move our stop-order to the low of that day for
longswings and the high of that day for shortswings.
- be prepared to sell your positions if the stock gaps UP for
longswings and to cover your short positions if the stock gaps DOWN
This is the closing price of the day.
BuyAbove: This is the level above which you should buy the stock
for long swings.
SellBelo: This is the level below which you should sell the stock
for short swings.
StopLoss: This is your stoploss on the day you buy the stock.
7% Target: This is the level where you book partial profits on 50%
of your position.
Resistan: This is the resistant level.
Support: This is the support level.