Trading in a raging bear or bull market can be
challenging for a swing trader because the values of assets are carried on the long term in one direction.
It's
great for the swing trader or position trader, but you might consider giving the trend reversal time to be confirmed before trading.
Now, we follow - up with a short (3 - minute) video that explains why it's
crucial for swing traders to have patience when short selling stocks and ETFs.
Although these live - on - tape videos demonstrate day trading, they are
excellent for swing traders as well since the exact same trading rules apply to swing trading.
If you're looking for a simple and effective way to make sure you are nearly always on the right side of the market, sign up now for your 30 - day risk - free subscription to The Wagner Daily
newsletter for swing traders.
The indecisive and choppy price action that has plagued stocks throughout most of the summer has indeed been challenging
for swing traders who seek to profit from stock market trends in either direction.
Ranges are much more of a day trader environment than a swing trade environment,
so for a swing trader trading the indexes Cash is King.
Employing the ADX slope to scan for sideways market before looking for Gimmee bars is a good idea
for swing traders looking for trade opportunities.
One big challenge
for swing traders right now is that volume levels in the broad market will likely begin heavily receding next week, as we approach the Christmas holiday.
Recent trading action may have been great for daytraders who thrive on intraday trends, but
for swing traders like ourselves, erratic price action from one day to the next has admittedly led to challenging trading conditions on either side of the market (click here for a comparison of daytrading vs. swing trading).
Trading in a raging bear or bull market can be challenging
for a swing trader because the values of assets are carried on the long term in one direction (typically lasting for a few months).
For occasional investors or those who rebalance, this may not be a tempting offer,
however for swing traders or those who have hold times for trades that are days or weeks (rather than hours or months), this offering could be attractive, especially since there are no caps to the numbers of trades that could be made.
Phil will be teaching the 12 - week, trader training
course for swing traders and active investors that begins Tuesday, February 7th.
As subscribers to our stock picking
newsletter for swing traders will note in the «open positions» section of today's report, we plan to sell and take profits on most of our winning positions on today's open, just to lock in some of the solid gains we've been riding over the past few weeks.
However,
for swing traders, a gap might skew the reward - to - risk ratio of a position and cause expectancy to suffer.
For swing traders, risking less than $ 100 on a single trade, however, can result in fees and commissions ultimately canceling out (or completely obliterating) returns [5:1].