Ever since I started becoming active participant in the stock market over 7 years ago, I have always swing traded. But over the last 2-3 years I attempted to day trade futures, stocks and sometimes options.
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Swing Trading
Swing Trading Watchlist for July 13, 2020 - $DIS $WMT $COST $UNH $WORK $NFLX $ROKU $QCOM $XLNX $ORCL
The stock market ended the week in a bullish fashion closing at the highs. A lot of stocks are showing bullish sentiment and I think that will continue into next week. I expect the SPY to test the 325 and then the 330 areas as long as we continue to make higher highs and higher lows.
ThinkOrSwim is one of most widely used trading platforms out there because of powerful features enabling you to perform technical analysis quickly.
As you begin your journey as a trader, one of the most basic things you need to know is the different types of orders and when they are appropriate.
Happy Sunday to you! Markets finally broke out of Augusts ~5% consolidation between 2,800 and 2,945 (S&P 500 futures) to the upside closing the week at 2,983 thanks to positive trade hype that US-China trade talks are now going well again, and with the possibility of both countries continuing negations later on this month.
I hope you have been well, and enjoyed the long holiday weekend with your friends and family. This week I’m back with my stock market reviews as volatility looks to continue in the market thanks to the US-China ongoing trade war, President Trump’s tweets about the US-China Trade War and stance on Fed Chair Powell’s monetary policy, fresh new economic data and if the Federal Reserve is to cut interest rates.
Man did a lot happen last week in the stock market albeit nothing positive for equities between UK's Prime Minister May resigning, US-China trade tensions growing stronger on Trump's call to ban all connections with the Chinese company Huawei, and crude oil selling off over 6%.
Last week I locked in over 30% on a swing trade on MAXR. I breakdown how I found MAXR, what I looked for before I entered the trade, and how I managed the trade up until I took profit.
The equity market is continuing to grind higher thanks to strong Q1 GDP numbers (3.2% actual where forecast was 2.2%) and strong earnings reports from major tech companies like Facebook, Amazon, Microsoft and even Twitter.
In this video I’m going to break down how I made +147% return on my capital swing trading options on $STZ. Important points I cover include:
How I found $STZ.
Drawing support, resistance and trendlines on a naked chart.