Swing trading allows you to make money when the market is bullish, or bearish, or just going sideways. The goal is to make money, not to rest one’s hopes on the future of a stock, a sector, or the economy.
Below steps in swing trading :
Below steps in swing trading :
- Identify a stock that is in an uptrend or a downtrend
- For stocks in an uptrend, identify those that are experiencing a pull-back. For stocks in a downtrend, identify those that are experiencing a pull-up
- Once an appropriate candidate is identified, place a limit order to buy (uptrend) or sell short (downtrend) the stock based on the Master Plan.
- Once a stock has been traded (a position opened), place a stop-loss order to limit downside risk and place a limit order to identify the price at which you will take profits.
- At the end of each day, adjust the stop loss prices based on the Master plan
0 comments:
Post a Comment