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Swing Trading Tips Used by the Pros - True Edge Trading

Swing Trading Tips Used by the Pros

Swing Trading has many advantages over other types of trading. For example, The short duration of the swing trade allows us quickly capture profits without over-exposing ourselves to the market. Here are a few more Swing Trading tips used by many successful traders.

Swing Trading has many advantages over other types of trading.
  1. Always be aware of the broad market sentiment. If the market is overall bearish, fear will seep through many of stocks and make profiting from a long position more challenging. Determining the current market sentiment helps us make prudent trading decisions, including trade size and long/short exposure.
  2. Volatility is warning sign. This can mean broad market volatility or individual security volatility. When a market is volatile, it is telling us that fear and uncertainty have taken hold.
  3. Pullbacks against the trend should be viewed as Swing Trading opportunities. These pullbacks, or dips, provide us with a value entry into a new position. They can also assists us in our trade management.
  4. Use recent price action to help you confirm the best swing trades. Don’t worry about mastering all chart patterns. Simple support and resistance patterns can be invaluable when making trading decisions.
  5. Avoid trading into an earnings report. We want trade based off of our knowledge of the market. The results of an earnings report is unknown to us beforehand, and it introduces unnecessary risk to our positions.

While these Swing Trading Tips are relatively simple, they can often be the key to swing trading success.

Jeff Drake
True Edge Trading