| If you're just beginning to consider trading in the | | | | be the method needed. Swing traders profit from |
| equity markets, stock trading strategies should be | | | | holding positions anywhere from a couple of days to |
| your number one priority. Stocks are excellent | | | | a few weeks. This style is ideal for people that do |
| instruments if employed correctly to gain short term | | | | not have the time to sit and watch the daily market |
| profits in the financial markets. One area where new | | | | session everyday. |
| participants fail is beginning without a well thought out | | | | For others, day trading stocks is the best method if |
| plan or system designed to increase the odds of | | | | they have several hours each day to monitor stocks. |
| success. In others words, you must know what you | | | | Some choose only to trade the morning hours at the |
| are going to do before you ever place your first | | | | opening bell and go about the rest of their day as |
| trade. | | | | they please. Some only trade both the morning hours |
| Most people when starting out find one trade set up | | | | and afternoon hours, taking the New Your lunch off |
| that works for them. They are comfortable with the | | | | since things tend to slow down during this time |
| set up and have the confidence to execute the | | | | period. |
| trade whenever the market presents the set up. It is | | | | Some choose to use a method called scalp trading, |
| important to understand that your system must be | | | | rapidly taking a point or two then exiting the position |
| applicable to your personality and risk tolerance. This | | | | banking small profits. However, they are not open to |
| is why in the beginning, it is crucial to find one | | | | as much exposure to market forces and losses are |
| pattern, chart formation or moving average | | | | minimized since rules are strictly obeyed with this |
| combination which provides enough winning trades to | | | | type of system |
| outperform losing trades. Once you have built up | | | | Whichever stock trading strategies you choose, it is |
| your account you can begin experimenting with other | | | | important to remember that guessing, hope and |
| set ups | | | | chance have no place in the equity markets. Technical |
| Your chosen time frame is also another important | | | | analysis and rules based systems are the only |
| factor to consider when choosing to go after short | | | | approach which equates to long term success. |
| term profits. If your time is limited, swing trading may | | | | |