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Swing trading gives you a way to experience the thrill of fast profits and steady wealth accumulation... without the riskiness of other types of trading that might have burned you in the past.
In fact, swing trading is perfect for you if you want to:
Since 1970, the S&P 500 index has gone up more than 30% only 3 times.
That's less than 1 year in 10 with the kind of big move that everyone participates.
Over that same 43 year period, there have been 27 years when the S&P 500 has either lost money or risen less than 15%. So strategies that only work well with big bull moves are not only wrong much of the time... they just don't apply at all!
Alan Farley is a private trader and publisher of Hard Right Edge, a comprehensive resource for trader education, technical analysis, and short-term trading techniques. He is author of the McGraw-Hill best-seller "The Master Swing Trader", and popular columnist for TheStreet.com.
Alan is a frequent contributor to CNBC. He has also been featured in Fidelity Outlook, Forbes, Technical Analysis of Stocks and Commodities, Barron's, Smart Money, Futures Magazine, Tech Week, Active Trader, MSN Money, Technical Investor, Bridge Trader, Online Investor, America-Invest, the Los Angeles Times, and Trading Markets.
Today, you'll find Alan's most timely strategies at Daily Swing Trade, his advisory service for swing traders. To start a free-trial subscription, simply click here now.
That's why I can say that is PERFECT for swing traders.
Unless the world is turned upside down and investors suddenly transform from gloomy pessimists to wild-eyed optimists, this is going to be another of those mediocre-to-just-alright years.
To show you why swing trading is the strategy you need right now, I need to share just a little about how swing trading works. And more importantly...
Swing trading is all about finding stocks that trade in predictable patterns that last anywhere from a day or two to a few weeks.
Like the ocean's tides, many stocks have an ebb and flow that can be eerily repetitive.
Of course, not every situation produces the kind of stock move you'd expect, but with my guidance you'll find far more profitable trades than unprofitable ones.
Most of the time we're looking for stocks that are rebounding off support lines or breaking out above resistance levels, but I've found literally dozens of tradable patterns that we can profit from in Daily Swing Trade.
One thing swing trading shares with all types of trading is the importance of never getting emotional about a stock. Not when you buy it, not when it starts to falter, or even when it soars.
Trust me on this...most investors flunk the test of managing their emotions and hang on too long or bail out too soon. I know it's not easy to manage your emotions or stay sane in a sideways market. That's why I'll be with you every step of the way of your free trial to Daily Swing Trade.
Once you give it a try with real money, or just follow along by paper-trading my recommendations, you'll be a convert.
Here's an example of how swing trading works, and how you can use it to capture fast, consistent profits.
We added social media giant Yelp (NYSE: YELP) as a recommendation in June after the stock seemed to have run out of gas.
At about $69, the stock clearly hit a resistance level — a point where many technical traders would sell.
But in certain cases, we like to buy at those times, especially if the stock has a number of days in a row of very small price changes after hitting that resistance level.
That's exactly what happened here. The trading activity we saw indicated that it was likely the correction in the stock was over and a new rally could occur in the stock that would drive it higher.
Our strategy proved right as YELP broke out 3 days after we recommended it, rising more than 20% over the following 19 trading days.
As a member of Daily Swing Trade, you get setups like these every day, with daily guidance from me that teaches you what to do and why to do it.
If you've traded for any time at all, you've experienced the painful reversal of a winning position that costs you big time.
Nothing hurts more than trying to milk every last bit of profit out of a trade... only to watch it go south and turn that winner into a loser.
So I have your back covered when it's time to take profits.
Every trade we recommend is monitored obsessively so that we can adjust with the trading winds and take profits at the right point.
In the case of Isis Pharmaceuticals (NASDAQ: ISIS), we added it to our list on December 18, 2013 when it tested resistance at $39.
The stock broke out a few weeks later, rising to an all-time high at 62.66. The stock looked like it had room to run on the surface, but our read of the technical indicators told us there was more risk on the downside than opportunity on the upside.
I advised subscribers to close their positions just two days after the stock peaked. We didn't hit the top on the nose, but more importantly, we avoided an ugly 60% decline.
Last but not least, my final trading example shows how lucrative swing trading can be if the momentum traders get into a feeding frenzy on a stock we spotted first.
It's certainly not representative of the size or duration of the vast majority of our winning trades, but it sure was a fun ride.
Jinkosolar (NYSE: JKS) was added to our buy list in May 2013 after it moved above heavy resistance at the 50- and 200-day moving averages.
Lots of stocks show this kind of trading action, but I was especially interested in JKS because I had noticed similar strong upward moves in multiple time frames going back to 2011.
Each time, the stock would keep rising once it broke resistance.
In this case, now that a strong downward trend had been reversed, we were perfectly aligned for a big move up that could exceed logical price targets.
And we were right! Once the stock showed clear strength to the upside, it became a runaway train. The stock remained on the watch list until October, rising more than 300%.
While I can't promise we'll consistently find winning trades this big, I can promise that if you follow my advice every day, you'll soon be swing trading like a pro in no time.
TheStreet Premium App. Access all of Daily Swing Trade through our downloadable mobile app, completely FREE with your membership.
Plus, you'll receive...
Special Report #1: 30 Rules to Master Swing Trading
In this can't-miss handbook, you'll find important trading rules that will benefit you even if you've never swing-traded before, like the one time of day you should never trade, the real meaning of the 200-day moving average and why you can't trust "perfect" setups.
Special Report #2: Swing Trading Quick Start Guide
Here, I take you inside three trades to show you exactly what we're looking for as we spot a tradable opportunity, how we structure our buy-in, and how we decide where we'll get out. Even the novice swing trader will gain from these trading insights, as well as the comprehensive glossary of trading terms we'll be using.
