Summary of How to Swing Trade | Simple Strategies from a Pro Swing Trader

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00:00:00 - 01:00:00

This video discusses how to swing trade, with a focus on price action and sector strength. It also covers how to manage risk and sell into strength. The author recommends starting with stocks before moving into options, and emphasizes the importance of having realistic expectations and being disciplined.

00:00:00 Richard Moglin, a swing trader, styles himself as a "swing and position trader," with a focus on breakout trades. He is self-taught and has made many mistakes. He encourages viewers to consider system trading, which he says is a huge world that is under-represented on social media.
00:05:00 The swing trader discusses the importance of range contraction, sector strength, and individual names in order to find relative strength. He emphasizes the importance of being in the right sector at the right time, and warns against trying to find relative strength in a lagging industry or sector.
00:10:00 The author of this video provides simple strategies for swing trading, emphasizing momentum and breakout plays. He advises avoiding shorts in volatile markets and focusing on one's strengths.
00:15:00 The Swing Trader explains how to manage risk by reducing total open risk. He uses a position size calculator to determine how much risk to take on a trade, and separates trades into tiers based on risk. When things are going well, he will take more risk; when things are not going well, he will take less risk.
00:20:00 The swing trader discusses how they sell into strength, take partials on the way up, and cut losses mercilessly. They also discuss the importance of having equal gain to where their stop was, the importance of having one to three risk reward setups, and the importance of always having a plan for risk.
00:25:00 The swing trader highlighted some of the advantages of being a retail trader, such as the ability to move in and out quickly and change your mind quickly. He also said that you have to understand what the goal of your trade is from the get-go, otherwise you will struggle. He explained that not every situation is a "let your winners run" situation, and that you need to have a plan for each trade in order to be successful.
00:30:00 The video's presenter discusses how to swing trade, emphasizing the importance of simplicity and price action. He talks about how he doesn't pay attention to fundamentals or technicals unless the stock is going up in price, and how this approach leads to success.
00:35:00 The video discusses how to swing trade, focusing on the importance ofPrice Action and how to implement entry and stop points based on price action, rather than fundamentals. It also discusses how to identify when fundamentals are weak, and how to trade based on technicals without relying too heavily on fundamentals.
00:40:00 The author recommends treating options with respect, and considers them a tool to be used in context of other trading tools.
00:45:00 This video explains how to swing trade, using simple strategies from a pro swing trader. The stop is always zero, as options can go to zero quickly. The premiums are so volatile that it's not worth it for the pro swing trader to get stopped out more than it's worth.
00:50:00 The author recommends starting off with stocks before moving into options, and recommends learning how to trade stocks first.
00:55:00 The video discusses how successful traders view the market, focusing on the importance of having realistic expectations and being disciplined. It also talks about how efficient a trader is, and how one should think about working efficiently in order to make the most money.

01:00:00 - 01:45:00

The swing trader in the video discusses how to be successful in swing trading by focusing on efficiency, preparing for different scenarios, and avoiding distractions. He also emphasizes the importance of self-reliance, creativity, and patience in trading.

01:00:00 The video discusses how to swing trade, emphasizing the importance of having an efficient workflow and maintaining a positive mindset while trading. It also stresses the importance of focusing on what is happening with the stock rather than predicting the future. Finally, the video discusses the importance of social media and the need to take breaks from it.
01:05:00 The speaker suggests that, in order to be successful as a swing trader, it is important to focus on being efficient and not caring about why things happen, as the why does not matter. He also recommends spending time preparing for different scenarios, and avoiding watching social media during training to avoid being distracted.
01:10:00 This video talks about how to swing trade successfully. The speaker emphasizes the importance of having discipline and self-motivation, and how these are essential to being a successful trader. The speaker also emphasizes the importance of owning your decisions, and not relying on others to make them for you.
01:15:00 The presenter discusses the importance of self-reliance, creativity, patience, and range in trading. He notes that volatility is a major indicator of risk and opportunity in the market, and that while range is important, it is often less volatile than volatility. The presenter discusses how he is unable to take swing trades during high-volatility periods due to the large range sizes.
01:20:00 The author provides a brief overview of how he trades, emphasizing that he only trades when he has setups and that he is staying away from markets with high volatility. He says that the recent market volatility has been easy for him to avoid, although he does mention that he may enter some markets when cyber security is strong.
01:25:00 The video presenter discusses how to swing trade, and provides examples of how this might be done by looking for setups in the market which involve range contraction and tighter candles. He cautions new traders that it is risky to enter on huge candles, and recommends instead using a closed stop and moving it up as the candle gets closer to being filled.
01:30:00 The video discusses how to swing trade by looking for relative strength in different sectors and markets. It shows an example of how to trade options and discusses how to be aggressive in selling stocks when the market is in a good position.
01:35:00 The swing trader discusses the rules that he follows in order to be successful. He notes that one of the rules is to take the first partial of a trade, which allows him to ride the market a bit more. He discusses how he adapts his rules based on the current market environment. He also discusses how he uses average gain over a certain period to help him decide when to take profits. Finally, he discusses how he uses a dark graph layout with bollinger bands to show him where the market is strong and weak.
01:40:00 The Swing trader in the video recommends focusing on a few key setups, and avoiding jumping around in the market. He also recommends training your eyes to recognize charts that look wrong to you.
01:45:00 In this video, Matt shares how he makes money swing trading by revisiting charts each day and marking them up in order to identify setups. He also offers advice for traders who have been hit hard in the past year.