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Swing Trading Crash Course (For Beginner to Advanced Trader)

Humbled Trader2024-04-18
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48K views|3 months ago
💫 Short Summary

The video discusses swing trading strategies, emphasizing patience and quality over quantity. It covers overnight swing trading, chart analysis, and Catalyst research for stock selection. The speaker highlights the importance of technical indicators like the 8 EMA and 200 SMA, avoiding certain Catalysts, and holding trades as long as they trend along the 8 EMA for higher gains. The video also introduces a stock scanner for swing traders and provides examples and tips for successful swing trading. Viewers are encouraged to ask questions and access additional swing trading lessons.

✨ Highlights
📊 Transcript
Overview of Swing Trading
00:43
Swing trading involves buying and selling stocks over a short period for profit, making it ideal for students or busy individuals.
It requires less time and capital compared to day trading.
The video covers swing trading strategies, setup, and examples, highlighting its advantages like lower stress and emotional impact.
Swing trading also circumvents the PDT rule and is suitable for part-time traders.
The importance of patience and waiting for suitable setups in swing trading strategies.
04:21
Swing trading is ideal for those who can handle taking only a few trades per month.
Stock scanning during the middle of the day is crucial for finding stocks with volume and momentum.
Penny stocks are best avoided due to the high risk involved.
Criteria for identifying suitable stocks for swing trading are outlined.
Overview of Overnight Swing Trading Strategy.
09:06
The strategy involves holding stocks overnight and selling them the next day, combining technical and short-term catalyst analysis for profit.
Importance of scanning for large-cap stocks with high intraday percentage changes and decent volume highlighted.
Introduction of proprietary scanner called SX for swing traders to easily find stocks.
Speaker mentions upcoming content on actionable swing trading strategies and recent trades taken, providing valuable insights for traders.
Swing trading involves identifying stocks breaking through recent highs and showing bullish trends.
14:11
The video discusses examples of potential stocks for swing trading based on chart patterns and resistance levels.
Clear breakouts and uptrends are crucial for successful swing trades, while downtrends and stocks below recent resistance levels should be avoided.
The 200 SMA indicator is highlighted as significant in determining bullish stocks for swing trading.
Importance of chart analysis and Catalyst research in selecting stocks for overnight swing trading.
15:51
Stocks should be above the 200 SMA, uptrending, and have positive Catalysts like earnings beat or IPO hype.
Avoid biotech news as a Catalyst for overnight swing trade.
Integrating news feed feature on stock scanner can streamline the research process.
Walkthrough of a recent swing trade example on DXYZ where over $10,000 was made using the overnight swing trading strategy.
Using a midday stock scanner for swing trading opportunities.
21:55
Chart analysis and identifying positive catalysts are key components for potential trades.
Highlight on DXYZ, a private portfolio fund offering investment opportunities in companies like SpaceX and Stripe.
Importance of identifying key intraday support levels after 12:00 p.m. for informed trade executions.
Strategy of monitoring stock reactions around support levels and scaling in and out of positions accordingly.
Overnight swing trading strategies are discussed, with an emphasis on exiting early the next morning for maximum profits.
24:33
Criteria and chart analysis play a crucial role in selecting stocks for overnight swings.
The risk of holding onto stocks for too long is highlighted, with a personal example shared to illustrate missed potential profits.
A second swing trading strategy with a longer holding period is introduced, utilizing technical indicators like the daily 200 SMA and EMA.
Steps for implementing this strategy include scanning for stocks with significant volume and analyzing daily charts.
Importance of 8 EMA and 200 SMA in day trading and swing trading.
27:31
The 8 EMA is used as a momentum indicator, while the 200 SMA helps determine trends in stocks.
Stocks trending or hugging the 8 EMA are good for swing trading, while those below the 200 SMA may not be ideal.
Examples of stocks hugging the 8 EMA and breaking out are provided to emphasize the significance of monitoring these indicators.
Monitoring these indicators is crucial for identifying potential trading opportunities.
The video segment presents a longer-term technical breakout swing trading strategy that prioritizes quality trades over quantity.
31:41
Emphasis is placed on holding trades as long as they trend along the 8 EMA and have potential for higher gains.
The importance of conducting news Catalyst research is highlighted to understand why stocks are trending up, with examples like the AI boom and earnings reports.
Swing trading tips are provided, including avoiding certain catalysts, small-cap stocks, and short-side trading during a bull market.
The segment stresses the significance of prioritizing quality over quantity in swing trading decisions.
The speaker recommends a short-term approach to trading hype stocks.
35:22
It is advised to sell hype stocks after one to two days due to the short-term Catalysts.
Viewers are urged to inquire about swing trading or the speaker's strategies.
Additional swing trading lessons are offered in a linked video.