Do you want to minimize your losses and maximize your gains with swing trading? If so, then keep reading.
One of the most important things to note when it comes to swing trading is to pay attention to the overall trend and then capture the gains within that trend.
Does that mean you need to stare at your monitor all day long to follow the price movements? Not if you know how to play the game in a smart way.
In contrast to day trading, you don't have to be a full-time trader to make juicy profits. Swing trading is the ideal trading style if you work during market hours but still want to profit from your positions within a few days or weeks.
Swing Trading: Expert Advice For Novice Traders will provide you with the fundamentals of swing trading and how you can build your own strategy to make profitable trades. Even complex topics will be explained in an easy-to-understand way and are accompanied by step-by-step instructions that you can follow right off the bat.
In this book you will discover:
- The fundamentals of swing trading and its advantages compared to day trading and buy-and-hold investing
- The 7 steps to perform winning trades and why your exit strategy is decisive to maximize your profits
- A deep understanding of what "trends" really reveal and how to harness this knowledge to predict market movements
- How to forecast price directions using technical analysis
- The one proven technique experienced traders use to anticipate the collective psychology of the market
- A crash course on how to read candlestick patterns and other useful chartering methods
- The ins and outs of the 7 technical indicators every trader should know to gain more insights into trend signals
- How to assess a company's intrinsic value like the Oracle of Omaha using fundamental analysis
- The only metric of fundamental analysis that is truly associated with Graham's value investing philosophy
- Why looking at the earnings-per-share alone will lead to disastrous trading decisions and which fundamental analysis tools to use instead
- Proven risk management techniques to maintain a profitable trading-portfolio
- How to apply winning entry and exit strategies as a part-time or full-time trader
- The x%-rule to prevent your portfolio from shrinking
- The "Anti-exit strategy" that you need to avoid at all costs if you don't want to lose money
- How to incorporate extreme market-events in your trading strategy
- The #1-mindset every successful trader has off the pat
- Guiding principles and the psychology of a successful swing trader
- A professional and structured trading process that takes your trading-performance to the next level
- Recommended trading resources to start right of the bat with swing trading
And much, much more.
Even if you're an absolute beginner or have failed with trading before, this book will give you the knowhow to keep going and become a profitable trader!