Stock Market Leaders, where are they? One of my very first blogs since starting shortmetina.com discussed the need to pay attention to the overall markets, at all times. It’s important to know what the overall market is doing because that should dictate the direction in which you trade. For example, if we are in a bull market, you want to be net long in your trading portfolio. Meaning, when the market is going up, most of your trades should be on the long side. The opposite holds true. When the market is bearish, most of your trades should be on the short side. Again, it’s super important to know where the market is going because, wherever the stock market goes, so goes your stocks.
What is a hedge or what does it mean; to hedge? If you're a long-time follower or supporter of Short Me Tina, you are aware that I view the Stock Market as uncertain. There are no guarantees when you place a trade. That is, you have the potential to make a lot or lose a lot of money in the stock market. When you're a market participant and engaged in the stock market, understand that your risk is always on. There's just no going around it. Or is there?
Learn simple swing trading strategies that work!
It’s important that you read our articles, What is Swing Trading and How to Start Swing Trading after tackling swing trading strategies. They will give you context to work within and an overview on swing trading in general.
Now that is out of the way; let’s talk about swing trading strategies.
Before you continue with this post check out my blog on "What is Swing Trading".
Want to start swing trading? As a beginner, I am aware, you are probably feeling lost about where to start with it. It’s not the best feeling; I know! I was in your place many, many years ago.
But all is not lost; I will give you a quick guide with the steps needed to start swing trading. Hopefully, this guide will allow you to avoid typical beginner’s mistakes and earn money along the way.
For starters, try to find one or two simple trading strategies (eg: trading the break-out or break-down). You can learn the complex ones as you gain more experience but in trading; I find it’s best to K.I.S.S.
What Is Swing Trading?
Bear with me; it’s the writer in me that takes you through these loop holes before getting to my point but I promise it will be worth it!
When I first started out in the world of ‘investing’ some 15 years ago; the philosophy that flooded the Internet was that of the great, “Warren Buffett” and rightfully so! The man is a billionaire many times over. Net worth is currently 77.1 Billion!! It then makes sense why he is associated with “successful investing”.
Stock market keywords fly around the stock market community all the time; as a trader (newbie or seasoned) it makes sense to know them; if you want to partake in conversations and not come off completely out of touch. Find below stock market keywords I believe every trader should know. This is NOT an entire list but something to get you started.
Wall Street (1987)
A young and impatient stockbroker is willing to do anything to get to the top, including trading on illegal inside information taken through a ruthless and greedy corporate raider who takes the youth under his wing.
Since launching "shortmetina.com" just about a year ago; I am constantly asked questions ranging from, what charting tools do you use? Preferred Broker? And a range of other things stock related. In the spirit of addressing these questions all at once; as opposed to individually; I thought it would be beneficial to create a FREE resource list for everyone’s convenience.
Please do remember that this is a sharing community and if there’s a site that I have not listed; please do so in the comment section and this list will be updated. I Hope you find the FREE resource list helpful.
#DOW20K, possible trade wars, tax on imported Mexican goods, “Muslim Ban” and I can go on and on.
Shenanigans of just one week. What does this week have in store for us? I don’t know; I hardly ever know.
I know the Dow Jones Industrial Average ($DJI) since hitting that psychological level of 20,000 ---going as high as 20, 125.58--- has pulled back some.
Today’s blog is short, straightforward and to the point. Your trade should always follow the trend. Stop fighting the trend. Meaning, if a stock is running up (you may want to wait for a pullback to long); if a stock is trending down (you may want to wait for a pop to short).
Fighting the trend is trading in a manner that is in direct conflict to the trend. I almost feel if we sat down and paid attention to our losing trades; more often than not; we were/are fighting that trend.
Understandably; there are trends within trends and the trend you pay attention to; should have some correlation to the time frame you’re the most comfortable trading. For example; if you’re a longer term trader; you might find comfort paying attention to the weekly, monthly, maybe even quarterly trend, etc.
Look at some real time examples below.