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Profitable Swing Trading: Concise Edition
Most associate technical analysis with swing trading.
Books are no substitute for the experience in actual trading with real money. The following is my recommendation to pursue using technical analysis for swing investing:
Study one or two indicators (SMA is a good one) thoroughly. The most common mistake for beginners is using several technical indicators that they do not understand completely. Try out finviz.com to use screen to select stocks based on technical parameters.
Using SMA as an example, the experienced can find a buy signal when the stock price or a sector ETF moves above its moving average and sell when it moves below the moving average. It is quite simple, but it works for most stocks and probably better than most other technical indicators.
The stocks that are usually better fitted for technical analysis are large cap stocks with high volume. I prefer stocks that are fundamentally sound and do not short them. Try the chart and adjust the number of the trade sessions (i.e. days in the charts) for a specific stock according to how often you want to trade.
Update: 08/2015. Size: 60 (6*9).
Books are no substitute for the experience in actual trading with real money. The following is my recommendation to pursue using technical analysis for swing investing:
Study one or two indicators (SMA is a good one) thoroughly. The most common mistake for beginners is using several technical indicators that they do not understand completely. Try out finviz.com to use screen to select stocks based on technical parameters.
Using SMA as an example, the experienced can find a buy signal when the stock price or a sector ETF moves above its moving average and sell when it moves below the moving average. It is quite simple, but it works for most stocks and probably better than most other technical indicators.
The stocks that are usually better fitted for technical analysis are large cap stocks with high volume. I prefer stocks that are fundamentally sound and do not short them. Try the chart and adjust the number of the trade sessions (i.e. days in the charts) for a specific stock according to how often you want to trade.
Update: 08/2015. Size: 60 (6*9).
90 pages, Kindle Edition
First published August 4, 2015
2 people want to read
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