Tackle Today: Swing Trading 101
February 25, 2019
Last update: August 2021
≈ Do you have a detailed trading plan? ≈
How simple is your trading plan? How detailed is it?
Many traders prefer simplicity when executing a trade. They build rules and skills to be able to identify their Entry trigger, 1st Target, 2nd Target, Stop Loss, and Position sizing.
If you can answer these questions, you can build a trading plan.
- Where will you buy, and why?
- Where will you take profits?
- Where will you cut your loss?
- How much will you risk?
When you are new, it’s easy to get swept up into complexity, but we advise you to keep it simple, learn the basics and start trading with a disciplined plan. You’ll be better off for it, and then, when you are using more complex systems you still have the foundations of trade entry, exit and sizing built.
Last night we had a fun and informative webinar that helped traders open their eyes to the real income potential of our coveted swing trading system. They have learned all about the art of the swing trade as Coach Matt took a deep dive into the important details.
If you missed last night’s event or would like to watch it again, check it out below.
Trading for Beginners: The basics of Swing Trading [FREE 101 Webinar]
Chart of the Day: $AXP (American Express Company)
$AXP was a candidate from this weekend’s Options Report (PRO Members only). As a breakout, we can build our Entry, Target, Stop and Position size with swing trading rules. Each weekend, the coaches do this in the reports, but you as a trader, need to have these foundation skills as well to execute the basics.
Video of the day: How to perform multiple time frame analysis on a swing trade
In this video, Coach Noah shows you exactly how to do a multiple time frame analysis on a swing trade.
Financial freedom is a journey
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
Legal Disclaimer
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.
