-What is a swing trade?
A trade that has a time frame of a few days to a few weeks, perhaps a month or two
-How to screen for potential swing trades
- Find Themes
- Relative Volume
- Weekly timeframe on screener
- Filter based on trader’s plan (ex. Price, float, market cap)
- RSI (momentum indicator)
-Popular indicators for swing trades?
- Moving averages
- Bollinger Band and Keltner Channels
- Fibonacci retracements
-News catalyst on the thesis?
Think of this as the engine. If the engine is running, the trade can go forward.
-Position sizing and risk management
Position sizing and risk are not "one size fits all." Risk needs to be tailored to the individual and the account. Position size is a product of well-defined risk levels. Position sizing can change through the trade. Scale in along support levels, and scale-out as resistance levels or profit targets, or portfolio % alotment.