The Swing Traders Bible: Strategies to Profit from Market Volatility
Some of the best traders in the world avoid taking an overcomplicated view of the markets. To truly prosper, many of them try to keep things simple and look at the fundamentals, economics, and technicals at play as they make their moves. Swing trading—which involves taking short-term positions in anticipation of quick market movements over a series of days or weeks—is a straightforward approach to trading that allows you to make sense of today's markets as well as perceive and profit from volatility.Authors Matthew McCall and Mark Whistler—both of whom work within financial markets professionally—know that swing trading can be a rewarding endeavor for those with patience, rock-solid money management skills, and a wide repertoire of proven strategies. Now, with The Swing Trader's Bible, they share their extensive experiences in this field with you and reveal how to use specific strategies, along with fundamental and technical analysis, to uncover incredibly profitable swing trading opportunities.This reliable resource opens with a detailed discussion of the Three Rules of Profitability, which includes developing a stop-loss plan before entering a trade, following a few commonsense fundamentals, and understanding the basics of technical analysis. After this important introduction, McCall and Whistler detail more than a dozen swing trading strategies that will help you enter and exit positions more successfully as well as improve the bottom line of your portfolio.Along the way, you'll become familiar with:How to swing trade a market sell-off through short stock and Inverse ETFs strategiesThe Tier II play, in which small-cap stocks "follow the lead" of larger-cap stocks in similar industriesPiggyback strategies—using ETFs and mutual funds—that allow you to choose from stocks that have clear buying momentumHow bull and bear spreads—one of many swing trading option strategies discussed throughout the book—can help you capitalize on both upward and downward movements in stocksAnd much moreBased on both larger market ideas and micro technical occurrences, the strategies outlined throughout these pages will allow you to enter markets with confidence and exit with profits. However, to make the most of these strategies, you must remember to step back from the masses—as well as your emotions—and evaluate the bigger picture of every trade idea, headline, and market paradigm. If you're able to do this, there's nothing stopping you from turning your financial dreams into reality.