Rather, our job as
technical swing traders is merely to react to the price action in front of us.
Using the MTG Stock Screener, our simple stock scanner software for
technical swing traders, the 3 - minute trader education video below shows you how to quickly and easily find strong stocks that have been forming a base of price support over the past 4 to 8 weeks and are now poised to breakout to new highs in the coming days.
We simply must take what the market gives us... and lately, that hasn't been much (at least for
technical swing traders).
Not exact matches
Many
swing traders think of stock screener software only as a way to help them quickly find the best stock trade «setups» meeting specific
technical criteria.
Swing traders rely on a diverse arsenal of
technical indicators when analyzing stocks, and there are literally hundreds of indicators to choose from.
Specifically,
swing traders need to know which
technical criteria and types of chart patterns they should be looking for, in order to find the best stocks to buy right now.
Then, in this
technical trading commentary published one day later, we stressed why the most profitable
swing traders are those who learn to merely react to the market's price action that is presented to them at any give time, rather than those who attempt to predict the direction of the next move.
All the stocks and ETFs discussed in today's video were found using the new MTG Stock Screener, a web - based program designed to help
swing traders quickly and easily find the best short - term trading setups that meet our strict
technical criteria.
This could be due to the fact that most
technical traders, such as day
traders and
swing traders, tend to be more mathematically oriented, and therefore less interested in «soft» subjects such as psychology.
With eight years of experience as a private
trader, Mr. Fundora's content focuses on
swing trading using
technical analysis.
Specifically,
swing traders need to know which
technical criteria and types of chart patterns they should -LSB-...]
When I was a new stock
trader many years ago, one of the most psychologically challenging aspects of
swing trading was continually maintaining the discipline and patience to wait for stocks and ETFs to actually break out above their
technical resistance levels before buying them.
One of the best
technical indicators in a
swing trader's arsenal is volume, which is arguably the most reliable indicator as well.
The trend line is one of the most powerful tool for
technical traders, which describes most short - term
swing traders.
In order to be successful at
swing trading, the
traders use a mix of both
technical and fundamental analysis.
On the basis of both
technical and fundamental analysis, the
swing traders determine the stocks or securities that can give him maximum returns on a short - term or intermediate - term basis, with least risk, especially when the prices are either reversing back to the average or a rally is fading.
Ben is a completely self - taught momentum
swing trader who focuses on
technical analysis.
With the use of
technical analysis,
swing traders will use shorter time frames to profit from market moves.
Swing traders use
technical analysis to look for stocks with short - term price momentum.
Traders who use
technical analysis will place stop orders below major moving averages, trendlines,
swing highs,
swing lows or other key support or resistance levels.