Swing trading stocks reddit
T his is the best strategy, thank you bro, I am going to implement this right away. As a new section in our site, Community Forums is where our members can develop relationships and new trading ideas. When markets change direction I will give my analysis based on years of technical analysis and stock charts. Take advantage of our membership benefits before the markets leave you behind. I follow a structured approach to trading.
I have spent hundreds of hours learning different technical indicators for momentum stocks. While not technically indicators, using Trend Lines along with Support and Resistance is critical when visually finding stocks and are used in conjunction with the indicators described above.
The swing trading stocks reddit I usually ask my self are now that the trend has been broken:. So even if it is overbought it could still be a buy if the chart and volume look good and the stochastics are curling up.
It is important to recognize that you could take advantage of the next leg up and benefit significantly but you need to be cautious with your stop order because a stock that has had a big swing up especially when it occurred quickly will eventually fall and that swing trading stocks reddit is likely to be faster than its rise.
Since the MACD follows price action it is generally not a good indicator to use when you are trying to decide entry and exit points. Interesting note - Once you learn the details about how to use the Swing trading stocks reddit take a look at a yearly chart of the Dow Jones Industrial Average with this indicator and you will notice a significant negative divergence.
Their is no doubt that the swing trading stocks reddit important part of any trade is not your entry its your exit. Anyone can buy a stock that keeps going up. You will have have losses and those losses could be more than half of swing trading stocks reddit trades.
How you remain significantly profitable over a long period of time is by remmbering your rules and stick to them. If you bought stock because it broke through swing trading stocks reddit and started a new trend then you should wait for that that new trend to break or stall sifnificantly before exiting the trade whether or not you are in the trade for 1 day or 1 month. This is how you maximize your profit. I enter a stop loss order at the same time I enter my buy order.
This is how you minimize losses. If you the trade end up working our well for you it is a good idea to raise your STOP Loss to ensure you make a profit. Raise your STOP Loss order to your break even point or higher to ensure you make at least some money no matter what happens. Use the strategies avbove should ensure a good profit margin. You should already have an idea of how much profit and loss you expect based on the chart set up showing support and resistance and trend lines.
My Strategy Posted on Reddit T his is the best strategy, thank you bro, I am going to implement this right away https: Reasons to use MomentumTradersUnite. Community Forum As a new section in our site, Community Forums is where our members can develop relationships and new trading ideas. Market Sector Analysis When markets change direction I will give my analysis based on years of technical analysis and stock charts.
Trade With An Expert. Determine a trading bias, either short or long. Find the best market sectors to trade using Finviz. Hone down which stocks in this sector or sub-sector look most promising. Support and Resistance While not technically indicators, using Trend Lines along with Support and Resistance is critical when visually finding stocks and are used in conjunction with the indicators described above.
The questions I usually ask my self are now that the trend has been broken: What are the stochastics telling me? A break with strong volume would make me more confident of the trade and should also make the trade less likely to fail. Since I am Bullish, I find the sector or Industry with money moving into it. After I swing trading stocks reddit promising charts set-ups, I use my technical indicators determine if a stock should be purchased and what the trade should swing trading stocks reddit like.
Sometimes I purchase teh stock automatically with the alerts but I usually like to see volume when this it reaches the trigger.