Day Trading requires only a minimal knowledge of the 'Fundamentals' of the Company you are Trading.
And is usually done on the most recent 'News Releases' or 'SEC Filings' that are put out.
Day Trading is done mostly on your ability to 'Read the Charts' correctly. Day Trading with the Charts uses very short term Charts like the: One Minute, Five Minute, Fifteen Minute, and the Half Hour and Hourly time frames.
Swing Trading requires much more Research into the Company you are interested in 'Investing' in.
Swing Trades can last from just a few days, to a few weeks, or even months. It also requires a good understanding of the Charts, using longer term Charts like the: Ten Day/Hourly, One and Two Month/Daily, the Six Month/Weekly, and the Two Year/Monthly.
In order to Swing Trade successfully, there is a lot of Research that must be done. You must know how to read and understand all of the most recent SEC Filings the Company has put out. You have to check for 'Headlines' on a daily basis to see the most recent developments the Company is going through.
You must know how to read their Balance Sheet and other Key Statistics. You must follow the Insider Transactions to see what the Officers of the Company are doing with their own shares, as that gives you a clear picture of what the "Insiders" of the Company are thinking about their Company.
You also need to know what the Analysts that follow your Company are thinking.
As they have a profound effect on how the PPS reacts after that Company reports their Quarterly and Year End Numbers. This includes knowing all of the most recent Upgrades and Downgrades that are given by them to the Company(s) of your choice.
It's also a good idea to keep track of the Institutional Interest in your Company of choice, by following any changes in their Positions. If they Add to their Position, that is a good thing. If they Sell some or all of their Position, that brings up a red flag.
You must also follow the other stocks that belong to the 'Sector' your stock of interest is in, as they also have an effect to a certain degree on how well your stock will perform.
Analysts not only give Upgrades and Downgrades on particular stocks, they also give them for individual 'Sectors' of Industries.
Then, you need to make a decision...
About whether you believe the Price Per Share (PPS) of this Company will Increase over a period of time, or Decrease. If you like what you see, then you will be looking for a Good Entry by studying the longer term Charts.
You are trying to pick a Good Entry during a phase when the PPS is undergoing a 'Pullback', and trying to pick the 'Second Low' of this 'Pullback'. That gives you the ability to set a Stop Loss Zone if the PPS breaks below the 'First Low' to minimize Losses.
Then you need to figure out your 'Exit Strategy' to maximize Profits. This entails reading the Daily Charts for signals of a negative Chart Pattern after a good run, which signals a potential Pull Back, coupled with the Volume Studies of the Historical Daily Closes.
One of the most important tools for entering a Swing Trade successfully is "Volume Studies". You study the Historical Prices found on the Yahoo! Finance page to find the patterns of your Stocks' daily volume. This is a Lesson I give that is of the Utmost Importance in the Swing Trading Series.
Swing Trading takes up very little of your time.
All you need is about fifteen minutes each day to check the most recent News Items and SEC Filings for your Stock and others in it's Sector, then check the Daily Chart for possible breakdown patterns, and know the Volume of the Daily Closes.
I give Lessons on how to Keep a good percentage of the Profits your trades have given you, and how to exit a new trade quickly if it goes against you soon after entering it, to keep any 'losses' to an absolute minimum.
I have a Trading Simulator that allows you to trade the Stock Market in real-time without using 'real' money.
For novice traders, this Simulator allows you to enter and exit trades just like you would if you had a trading account with any of the online brokers.
This way, you can actively participate in the Stock Market without risking any 'real' money, until you feel comfortable enough with your ability to trade successfully.
If you are interested in receiving the series of Lessons on Swing Trading, or to make an appointment with me to do a Full Analysis of a Stock of your choice, send me an email at:
market-master@sbcglobal.net
And I will check my calendar and confirm the date(s) you've requested, or suggest a few others that are open.
Use the "Add to Cart" button below to purchase by the hour at a rate of $20.00/hour. Just type in how many hours you would like and click on "Update Cart".
I suggest that you buy one or two hours to begin with, and let me show you what I can do...
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Use the "Buy Now" button to purchase the 50 hour package for only $500.00
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Thanks for stopping by, and I hope to hear from you soon. If you have ANY questions, please feel free to email me.
market-master@sbcglobal.net