Eat, Sleep, Trade
Technical Analysis Through Charts
®
Swing Trading for Beginners
If you are new to Swing Trading or to just trading in general, then you have come to the right place. Through our Beginner lessons you will learn the basics of swing trading, candle stick reading, chart patterns, and technical analysis.
The reality of trading is that most people do not succeed. I believe the top 5 reasons why traders do not succeed in order are:
1.They are paying for a paid service. (any kind)
2.They have no set rules. (discipline)
3.They do not have a strategy. (plan)
4.They do not use proper risk vs reward entry
5. They trade against the trend
I can't promise you fame, fortune, and success. But I can promise that you will have a fair fighting chance at swing trading success if you absorb as much information as you can. This website is completely free and will teach you how to protect your assets while the odds are stacked against you.
What is Swing Trading?
Swing trading is a form of trading stocks that strives to capture a short-term movement that can have large relative range. A typical swing trading plan will aim for a 1-5 day hold, though it is not uncommon to see someone hold for multiple weeks or a month. Swing trading gives you the potential to capture large range explosive moves or "breakouts" over a short time frame. This can be perfect for the part-time trader or full-time trader. As a swing trader using technical analysis there are a few things that do not matter to us.
1.We do not care about Fundamentals
2.We do not care what the company is selling
3.We do not care what other people think of this company
As a swing trader we have one goal in mind, get in and get out. All decisions will be based of technical analysis and price action. This website should be used to learn how to survive in the market, use this info to create your own trading style and independence.
Introduction:
Basics of Swing Trading:
Once you have an understanding of what technical analysis is and how to read candelsticks and charts its time to look at the basics of swing trading. Through this section we will cover risk management and position sizing, how to identify the current market trend, what support and resistance are, and we will take a look at a select few indicators.
The basics of swing trading: risk mangement, identifying trend, support & resistance....
Basics of Technical Analysis:
My Swing Trading Strategy:
In this section we begin to look at what makes me a successful swing trader. I am constantly looking for a positive risk vs reward ratio on any trade entry with a minimum 1 to 3. See how we use a FinViz.com to screen the stock market and find stocks to add to our swing trading watch lists. Take a deeper Look into chart pattern setups and how to profit from them.
My Swing Trading Strategy: scanning, risk vs reward, entries, and exits.
Once you have an understanding of what and how swing trading with technical analysis works you can begin to dig into the more complex parts of the markets. In this section we take a look at reverse splits and the common misconception behind them. We will also visit the importance of locking in profits on breakout days, and how scaling out of positions can help take your trading to the next level.
Advanced Swing Trading Lessons:
The first step to learning short term swing trading, is gaining knowledge of technical analysis and how to read candle stick charts. In this section we dive into the understanding of Japanese candle sticks, chart reading, time frames, and different types of technical indicators.
If you are new to technical analysis and candlesticks I reccomend that you do not skip over this section.
Start here to begin your journey into the basics of technical analysis.