Is this the definitive guide?
Seriously?
Upon
encountering the claim that this website is "the definitive guide to swingtrading," skepticism crept in. I pondered, "What could Kevin, the
author, possibly enlighten me about swing trading that I haven't already
grasped?" The answer, I suspected, was likely nothing.
However,
the allure of a free trading software offer accompanied my curiosity. But let's
delve into that in a moment.
In
a rush? Grab a sneak peek with some downloadable sample chapters.
So,
I took the plunge and purchased the package. Kevin's authenticity struck a
chord with me from the outset. It was evident that he belonged to the
"keeping it real" faction, void of hyperbole. He wasn't about to
insult my intelligence with impractical theories divorced from real-world
applicability.
Here's
a snippet from his book:
Amidst
the sea of trading offers touting "little-known" or "secret
formulas," Kevin dispels the myth. The most profitable secret, he asserts,
is that no clandestine or obscure trading method works. The essence of profit
lies in making trades aligned with the broader market sentiment. If it's a
"secret," it implies few are using it, and that's insufficient to
influence stock prices significantly.
Finally,
a trader who gets it!
Buoyed
by this revelation, I eagerly delved into the rest of the book.
Post-introduction,
the book commences with trading basics—a boon for newcomers, skippable for
seasoned traders.
The
real substance unfolds in subsequent chapters. Kevin delves into trading system
optimization, stock selection criteria, and constructing a robust watch list. A
noteworthy chapter covers identifying and trading pivot points, offering a
perspective distinct from my own.
Technical
indicators find a place in this trading system, utilizing two on candlestick
charts. While I'm not a fervent supporter of technical indicators, Kevin
employs them not for direct buy/sell decisions but to confirm moves, using a
unique approach with different time frames.
The
guide introduces Swing Trade Levels™—a method for unearthing hidden support and
resistance levels, a trademarked strategy exclusive to the guide. Kevin asserts
the highest probability lies in price movements within the 2 to 5 percent
range.
The
book is replete with other valuable insights, encompassing risk control
measures, an exit strategy employing moving averages, and a comprehensive
trading system checklist.
One
downside: the e-book offers only a solitary example trade, leaving me yearning
for more to solidify the presented methods. Fortunately, Kevin promises free
updates, potentially addressing this limitation.
Update
2017: The latest version includes numerous additional trading examples.
The
package also includes the ultimate trading calculator—a versatile tool for
position size calculation, trade documentation, and equity curve simulation for
your trading system. It even projects profits based on earnings estimates.
Was
it worth the investment? Absolutely. Kevin's trading approach resonated with
mine, and surprisingly, I gleaned new concepts to integrate into my strategy.
Every penny was well spent.
When selecting a stock for swing trading, it's advantageous to
identify equities that maintain a relatively stable trajectory, characterized
by minimal price fluctuations or volatility. Ideally, opt for stocks showing
gradual upward or downward trends with consistent price movements, steering
clear of excessive volatility. The objective of swing trading is to generate
consistent income rather than seeking substantial gains from a single trade.
Here are three stocks known for their liquidity and reliable price
performance. It's beneficial to track these stocks and engage in simulated
trades before transitioning to live trades with real capital. It is crucial to
develop the ability to recognize signals for optimal buying and selling points,
bearing in mind that market conditions can evolve, and a strategy that proved
successful in the past may not necessarily yield profits in the future.
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Challenge yourself and
hone your trading expertise with our complimentary Stock Simulator. Join
thousands of Investopedia traders in a competitive environment, striving to
ascend to the pinnacle of trading success. Execute virtual trades before
venturing into the realm of real financial risk. By practicing tradingstrategies in this simulated environment, you'll be well-prepared for entering
the actual market when the time comes. Test your skills and strategies today
with our Stock Simulator – it's free!.
Upon acquiring your Swing
Trading Course, you'll gain proficiency in a comprehensive set of strategies
and tactics designed to enhance your skills and transform you into a more
profitable trader.
The trading course manual,
available in PDF format, encapsulates more than two decades of my personal
trading expertise, serving as a valuable resource to guide individuals toward
becoming successful swing traders. Unlike many others that solely offer stock
trading entry techniques, my purchased trading course manual goes beyond. It
provides comprehensive insights into how to apply my preferred methods,
including proprietary ones, throughout the entire trading cycle. This includes
not only entry strategies but also guidance for various phases of the trading
process.
Swing Trading Stocks OFFICIAL WEBSITE
