Swing Trading For Dummies
Take advantage of price swings in strongly trending securities and pump up your portfolio!Want to know the strategies of successful swing trading? This friendly guide covers the ins and outs of this risky but profitable investing approach, explaining all the basics in plain English. You'll see how to use the two investment approaches — technical and fundamental analysis — to indentify promising securities in strongly trending markets. In addition, this guide covers how to calculate investment returns and, most important, how to manage your portfolio's risk.Learn from a highly experienced trader, analyst, and portfolio manager — the author shares his insider knowledgeUnderstand often overlooked topics such as money management, journal keeping, and strategy planning — key areas that will largely determine your successFocus on the fundamentals — often overlooked by swing traders, fundamental analysis can increase your chance of successDetermine your entry and exit points with technical analysis — read charts, apply indicators, and compare marketsEvaluate companies with fundamental analysis — grasp the basics of financial statements and the criteria to screen for undervalued or overvalued stocksDevelop and implement your trading plan — outline what you trade and how often, decide your risk tolerance, and calculate your performanceOpen the book and find:The differences among swing trading, day trading, and buy-and-hold investingThe pros and cons of technical and fundamental analysisA step-by-step anatomy of a tradeA wealth of charts and screenshotsReal-world examples of swing trading successesThe 10 deadly sins of swing trading — avoid at all costs!Sample trading plansUseful resources for navigating data