One simple swing trading strategy is to:
First, locate the main trend line on the daily chart you want to swing trade a stock.
Second, you set your entry in swing trading to purchase the stock after it pulled back to its main trend line and started to go up.
Third, you set your exit from the swing trade by targeting a certain next recognizable month the stock reached a new high in the past.
Fourth, you write down your entry and exit for each stock you want to hold through multiple swings after you purchase it.
Fifth, you analyze the stock chart to track the course of the stock’s price throughout the year.
Sixth, when the stock pulled back to the trend line you target and started to go up, you place a limit purchase order around midday of the day of the first green bar an indication the pull back ended, and the stock is about to go up. Alternatively, you can place the order early in the morning before the market opens on the next day after the day of the 1st green bar.
The video explains how we use a long uptrend line swing trading strategy to analyze large cap stocks to pick stocks for swing trading.
This strategy allows you to trade a few times a week, freeing you some time. You do not make profit daily in your swing trade. You don’t sell your stocks after a few days but could wait weeks or months to sell for a bigger profit.
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