Название: Swing Trading For Dummies, 3rd Edition
Автор: Omar Bassal
Издательство: For Dummies
Год: 2025
Страниц: 368
Язык: английский
Формат: epub (true)
Размер: 10.1 MB

Learn how to maximize profits and minimize risks trading over the short term.

Swing Trading For Dummies introduces you to a trading methodology designed to generate big profits in the short term. Unlike buy and hold investing, Swing Traders endeavor to enter a stock at the precise moment a major uptrend begins and exit for a large profit a few weeks or months later. In order to achieve this result, Swing Trading For Dummies covers the tools you need to get up and running as a trader before moving on to the two main analysis techniques swing traders rely upon: technical analysis and fundamental analysis. These two analysis techniques can be combined to maximize the chances of a successful trade. But no one is perfect, and the savvy swing trader must have a comprehensive risk management plan to deal with trades that fail to launch. New in this update to Swing Trading for Dummies is material on the types of positive catalysts a trader should look for to enter a trade, the best way to trade earnings reports, swing trading cryptocurrencies and why you should avoid investing in banking stocks.

Just what is a swing trader? Swing traders hold positions over several days and sometimes for a few weeks. The goal of swing trading is to profit from short but powerful moves.

Swing trading differs from the buy-and-hold approach to investing. Long-term investors may hold a security through periods of weakness — lasting months, or even years — figuring that the tide will eventually turn and their investment thesis will be proven correct. Swing traders don’t care for such poor performance in the near term. If a security’s price is performing poorly, swing traders exit first and ask questions later.

I wish I could tell you that swing trading is easy and leads to overnight profits that will make you an instant millionaire. Perhaps you have seen ads about a quick path to profits by following a “proven” or “secret” system. Or maybe you’ve seen a “news story” of an elementary school teacher that became a millionaire trading stocks during lunch breaks. These ads and stories are alluring — people really want to believe them.

In Swing Trading For Dummies, 3rd Edition, I introduce you to the strategies and techniques of the swing trader. Moreover, I cover topics given short shrift in some trading textbooks — topics that largely determine your swing trading success. For example, whereas many textbooks focus on chart patterns and technical indicators, this book goes one step further to cover the importance of money management, journal keeping, and strategy planning. Although these subjects are less glamorous than looking at charts, they’re actually more important — because even exceedingly skilled chart readers will fail if they devise a flawed system, take unnecessary risks, and don’t learn from their mistakes. This edition also includes new material on trading on positive catalysts, where traders time their entries with positive events that often signal the beginning of an uptrend.

• Learn how swing trading can generate profits in a short period of time
• Identify the most attractive opportunities and when to buy them
• Avoid the common mistakes that sink many novices
• Manage risk and set yourself up for success

For new and seasoned investors looking for a comprehensive and trusted reference on swing trading, this Dummies guide is the perfect solution.