How to Swing Trade Stocks in Your Spare...
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With Trader Tim of EminiMind.com How to Swing Trade Stocks in Your Spare Time Trading Tactics for the Part-Time Trader
Transcript of How to Swing Trade Stocks in Your Spare...
With Trader Tim of EminiMind.com
How to Swing Trade Stocks in Your Spare Time Trading Tactics for the Part-Time Trader
Disclaimer
Trading carries a high level of risk. You are subject to lose all or more of your original investment. Don’t trade with money you can’t afford to lose or money that if lost, would affect your current lifestyle. The information in this presentation is for educational purposes only and is not intended to be financial advice.
Outline
1. Benefits of trading part-time
2. Which markets to focus on
3. Swing trading tactics I use
About Me
Trading since 2006, went full-time in 2009
Trade stocks, options, and futures
Mountain Biker, Designer, Adventurer
Speaker at Traders Expo’s
Why Swing Trade Part-time
Obvious reasons
Job commitments/other business
Not a slave to the markets
Requires less time
Not so obvious
Narrows focus
Contains your risk
Lower stress level
Easier to master
Helps keep a balanced life
Which Market(s) to Focus On?
Individual stocks
$20 and up
High beta
Moves more relative to market
Set volume parameters
(200k+ shares traded per day)
Rotating watch list
Swing Trading Tactics
Preparation is key
Scan watch list in evening - FinViz
Calculate entry, exit, and position size
Set orders, monitor open & close
Swing Trading Tactics
Gauge broad market
S&P500, Dow, NASDAQ, Russell
Look for stocks making 52 wk highs/lows
Entry
Buy strong stocks on pullbacks
Sell weak stocks on bounce
Stop
Above/below prior swing high/low
Profit Target
End of day after new high is made
Trail previous days high/low
Trail swing high/low
Swing Trading: Risk Management
How many shares?
Risk per trade ($100) / [entry ($50) – stop ($45)] = 20 shares
Risk exposure
$100 per trade (5 new positions = $500)
Example:
2 positions at +$250 profit each
Stop at entry (break even)
Still $500 at risk
Assess Delta (directional exposure)
Net sum of long vs. short positions
Bullish: More delta +
Bearish: More delta –
Indifferent: Delta neutral
One Final Note
No shortcuts or substitute for screen time
Work smart, be patient, stay disciplined
EminiMind.com/festival
Discount to VIP Member Area
Tips for the working trader
Presentation slides
Thank You!
More at www.EminiMind.com
Tim Racette Sincerely,
