Trade continuation patterns or commit trading suicide.
Trading Continuation Patterns
Like many traders, I learned this the hard way early in my trading career. I would tell myself a momentum stock could not go any higher only to watch in bewilderment as the stock continued to rise against my short positions. This is exactly why Martin Zweig said “It’s suicidal to fight trends. They have a higher probability of continuing than not.” Sure, you’ll occasionally hit that big winner fighting the trend, but it’s not the easy trade. Keep fighting and you’ll slowly ground your account into dust.
In today’s video I show you exactly how I trade continuation patterns using recent winning trade $NVDA. Nvidia is a semiconductor stock that is riding a wave of strong earnings and sector strength. The stock has been crushing suicidal counter-trend traders from it’s accent in the $30s all the way to it’s recent high of $120.
How the Swing Trade Report Helps:
I’ve designed my swing trade report to help those who are new to part-time trading avoid the hurdles that held me back for years. First is the education. As I mentioned above, it’s easy to collect “trading trivia” that feels valuable on the surface but is functionally useless. The strategies that I use and teach have zero fluff. If something isn’t useful in the real world of trading, I don’t include it. As someone engaged in part-time trading, you must focus your limited hours and mental bandwidth on what is most useful, and my report will help you do that.
One of the biggest mistakes I made as a new trader – and it’s one that almost all new traders make – was not managing my risk properly. It’s important to understand that the way a day trader and a swing trader manage risk aren’t identical. When you are part-time trading, you can’t sit and watch every tick of a stock. Some stocks that would be fine to day trade are simply too volatile to swing trade safely. I curate my watchlist with this in mind, leaving out the craziest momentum stocks, while keeping huge movers like $FCX (19% gain, 3-day hold), $UCO (27%, 2-week hold), and $NUGT (24% 2-week hold). When I alert a stock from my report, you run little risk of missing the entry and chasing, and you won’t have to be worrying that it will make a drastic move overnight.
The swing report will help you gain confidence as a trader. Rather than trying to piece together something that works from a random collection of books, forum posts and blogs, you’ll get one concise, cohesive report that gives you everything you need. No more jumping around from one system to the next. No more blindly following the latest social media buzz. You’ll earn your confidence as a part-time trader one successful swing trade at a time.