A Practical Guide to Swing Trading by Larry Swing

By Larry Swing

Here is Your likelihood To Get the single sensible instruction manual For starting And skilled Swing investors ,That supplies Them the full uncomplicated approach to begin Being A revenue Taker In Any industry Condition..."A useful consultant to Swing Trading", that would convey you the most secure solution to constant, convinced profit-taking in any inventory industry.

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Additional info for A Practical Guide to Swing Trading

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If the stock price doesn’t gap up or down, the stop loss is changed based on the previous day’s prices. If the stock gaps up or down, the stop loss is changed based on the current day’s prices. Whether based on the previous day’s prices or the current day’s prices, stop loss rule is the same. 50) of the previous day’s close – if 6 cents below the previous day’s low is higher than yesterday’s stop loss, raise the stop loss to this new price. This is known as raising the trailing stop, which further limits the downside risk.

For a short swing they are: • A sell stop to sell the stock when the price moves below the stop price • A buy stop to buy back the shares if the price moves up 4% • A buy limit to lock in profits (on ½ the shares) when the price drops 7% The schematic diagram provides instructions for how to adjust these prices on the second day, third day, and so on, based on whether the stock has been sold short or not. The schematic provides exit instructions as well. Page 33 Short Swing No Stock Opens with a Gap • Okay to place order when market opens • Sell stop 6 cents below yesterday's low • Buy stop at whichever is lower – 4% above entry price or 6 cents above yesterday’s high • Buy limit for ½ the shares at 7% below the purchase price Gap Yes Down Yes Gap Up Wait 5 Minutes Wait 30 Minutes • Sell stop 6 cents below today's price • Buy stop at whichever is lower – 4% above entry price or 6 cents above today’s high • Buy limit for ½ the shares at 7% below the purchase price Stock is Sold Short No – Repeat for up to 5 trading days Yes Repeat until the position closes.

Page 33 Short Swing No Stock Opens with a Gap • Okay to place order when market opens • Sell stop 6 cents below yesterday's low • Buy stop at whichever is lower – 4% above entry price or 6 cents above yesterday’s high • Buy limit for ½ the shares at 7% below the purchase price Gap Yes Down Yes Gap Up Wait 5 Minutes Wait 30 Minutes • Sell stop 6 cents below today's price • Buy stop at whichever is lower – 4% above entry price or 6 cents above today’s high • Buy limit for ½ the shares at 7% below the purchase price Stock is Sold Short No – Repeat for up to 5 trading days Yes Repeat until the position closes.

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