Learning to swing trade is, unfortunately, not as simple as jumping on a swing at the park for the first time. There are strategies to learn, options to explore, and an entire language of trading terms that you’ll need to become familiar with. However, with hard work, persistence, and a bit of luck, you can become a successful swing trader. If you’re interested in learning the tricks of the trade, scroll down to discover some valuable swing trading advice for beginners. These tips will come in handy when you first dip your toe into the world of investing.
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Today’s Swing Trade Ideas
XOOM/Long (Financial services) X00M was in gap a couple days ago closing over the 50-day simple moving average creating a rounded bottom breakout pattern on a strong bullish candle. Yesterday a Doji was formed above the 50-day simple moving average and in the upper half of Wednesday’s bullish candle creating a Doji continuation pattern or a Doji sandwich. There may be a little consolidation which would open the door for a better price entry.
My entry plan idea: In the buy box – between $15.86 and 16.98
My stop plan idea: A close below $15.86
- Open trading room today – All Day
- Free webinar today @ 2:00 PM Eastern
- To enter the free trading room today, go to the H&R Home Page and click on the “Trading Room Login” button at the top right.
Good Morning,
SPY: ♫♪All I want for Christmas are my two front teeth♫♪ And a big bullish rally Santa delivers. What a remarkable reverse in trading attitude the last two days. The Bulls have Continue Reading
Today’s Swing Trade Ideas
DGLY/Long (Technology sector) After forming a bullish kicker on December 2 and a small rally, profit taking took over pulling the chart back to its 50-day simple moving average where it started to create a bottom. Tuesday formed an inverted hammer followed by yesterday’s gap above the 20-day simple moving average and the Doji. In the recent past, you can also see a bullish “W” pattern.
My entry plan idea: In the buy box – between $13.22 and $17.03
My stop plan idea: A close below $13.19
- WRES was a quick day trade for +30.77% along with SN +12.4%
- On Friday, December 19, we have a special guest (one of our own members) that will present at 2 PM Eastern and you are invited. No password needed; we will post the link tomorrow morning.
Good Morning,
SPY: In yesterday’s morning email I posted a pretty picture of what I thought yesterday would end up (bullish morning star). We had the bullish inverted hammer in place; we just needed the bullish candle follow-through and like magic, it appeared. It wasn’t magic; it was reading the candlestick signals. Continue Reading
