Chapter 12
Walking through a Trade, Swing-Style
IN THIS CHAPTER
Looking for market trends and finding top industry groups
Choosing the best trade candidates and limiting your losses
Making the trade and recording it in your journal
Watching your positions and improving your system
Remember those times in high school or college when your teacher explained some pretty technical concepts that seemed to fly right over your head? (If this doesn’t apply to you, congratulations, you’re a genius in my book.) I can recall several subjects, both boring and exciting, that I never fully understood, even as the concepts were being explained.
However, when I heard the teacher say, “Let’s walk through an example,” my eyes lit up. Examples bring color to concepts. They elucidate fine points that can’t really be fully understood without practical application.
Consider this chapter your own “Let’s walk through an example” moment. Here, I take the view of the swing trader looking for a trading opportunity, and this chapter provides an example of identifying a potential trade by going through the eight ...
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