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Discover secrets of swing trading my mimicking great swing traders who trade awesome systems. Learn how to dramatically yank massive potential profits over and over on a continual basis from the stock market, the stock options market, the futures market, the Forex markets and even the emini's markets (which is the futures market).
Why swing trading success seems so secret to many is a mystery to me. Go take a look at charts. Study them carefully. Start counting the days. You should be able to start identifying patterns. But the key is that you need to be able to identify a method of entry and exit off the stock patterns.
Yes not only do you need to understand patterns for entry for swing trading, you need the swing trading secrets entry and exit mechanisms that can net you out a profit. Not just make a great gain here or there. Your NET profits must be there. This also means that you must carefully examine your costs. Your costs are the flip flops, the losses, the stops, the trades that do not 'work out.
How are you going to determine you're your most efficient place for stop loss placement? You need to compare day bar versus intraday bars for reference for your stop losses. Intraday bars, such as the 60 min bars carry many secrets for efficient entry and exit. But the challenge with Intraday bars is that they often require more observation and watching in terms of trading. But the profits can be high and the costs can be low so check it out. If you could make, or at least work up to $ 100,000 a month trading intraday bars, it's probably well worth your efforts.
Otherwise day bar swing trading is very liberating. You can simply trade the day bars by night. You can even trade options by night through the use of contingent orders which is awesome. Simply place your orders before the next day's market open and your swing orders can be triggered by stop to enter orders or by contingent orders on your options. You can also use one follows the other or one triggers another orders to help automate the order process for you.
You are going to have to pick stocks that tend to swing well. Now you can pick stocks that move a lot of points or a little amount of points but the bottom line is that the stock needs to tends to swing smoothly. Every stock, future or Forex pair has a historical behavior or character associated with it and that character gives you and edge. Edges in trading make money.
All in all the swing trading secrets will be found by you through the process of getting in the game, getting your hands dirty, rolling up your sleeves and diving in to start figuring out the nitty gritty details on entry, cost and potential profit. Until you work out your system, demo trade it then trade it real time you'll never really know, you'll never really find out if your ideas are actually workable. So get to work and one day you'll crack the code to discovering swing trading secrets that can actually create a significant and ongoing profit for you, a profit that could provide you a very good living from trading the markets.
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Source by Clark G Kenada
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