My Trading Style
My primary trading strategy is Swing trading. So what is Swing trading? The Swing strategy is a short / middle term trading strategy where the traders goal is to capture significant directional moves in a stock price. Sometimes these price moves last for only a week, and sometimes they may last for a full month or longer.
How I Find My Stocks?
I first start scanning for strong companies with solid quarter after quarter EPS and sales growth, and I also look for sectors that are performing well in the current market climate. From there, I will use a series of charts focusing on time frames and sector performance to narrow this list of stocks down to “the best of breed,” which can be anywhere from 10 to 20 stocks, and that becomes my watchist. The final part of the process is I use chart patterns, support and resistance, and price action to determine the best possible entry point that gives me a favorable risk/reward ratio.
Using this formula allows me to find the stocks poised to encounter an accumulation cycle, and I can position myself to capture the most significant and most sustainable moves in a stock price.
Check out the following sections:
The strongest of all trading tools for the technical trader is support and resistance. The single greatest asset for gaining an edge over the market is the understanding of price and the critical junctures of price where the forces of supply and demand meet. The best way we can do this is through the use of support and resistance.