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.
We all get discouraged from time to time and most of us have experienced some form of failure in life. While these quotes are applicable to life’s adversities; they can be applied to our path to becoming extremely successful traders. The entire point of this blog is to give you the courage to keep moving forward. Find below ShortMeTina’s top ten inspirational quotes.
When I worked in the social service field as a clinician; the first point of contact with a potential client started with an assessment or an intake. Assessments varied in form from agency to agency but the overall premise was the same. That is; it was a tool used to gather information about a potential client. Questions on the ‘assessment form’ encompassed among other things a client’s medical, educational, occupational and psychiatric history. Why was this information important to gather as a clinician? As the form suggests, its purpose was to assess the client and/or make an assessment. Assessment, defined by Oxford Dictionary, means “the evaluation or estimation of the nature, quality, or ability of someone or something”
First off, Happy New Year! I hope you and your family had a safe and wondrous entry into this New Year. I would also like to use this oppourtunity to thank our subscribers and followers for the ongoing support and continued dedication. We here at ShortMeTina are fully committed to our work and will continue to bring relevant content to our followers. Again; thank you for a wonderful 2016 and a toast to an even better 2017.
Now that's out of the way; 2016 is behind us and however we faired in regards to our trading; let’s leave it in 2016.
If you did poorly in ’16; let’s strive to do better. If you did great in 2016; let’s strive to make 2017 epic.