≈This Is How You Plan. ≈
Every week we scan the markets in search of the best swing trading setups. Then we share our findings in our weekend Scouting Reports. Though there are dozens of patterns taught in the world of technical analysis, we tend to focus on what you might call “the core four.” They include bull retracements, bull breakouts, bear retracements, and bear breakouts.
Discovering each pattern involves analyzing trend, momentum, support & resistance, volume, and secondary indicators.
Of course, identifying a tradable setup is only part of the equation. Successfully entering, managing, and exiting positions around each pattern requires two other ingredients: building and executing the plan. The common trading phrase you hear about this is “plan your trade and trade your plan.” Our S.T.E.P Swing Trading System is explicitly designed to help you do this.
S is for Stop Loss
T is for Target
E is for Entry
P is for Position Sizing
Together, these four parts are what comprise a trading plan.
Over the following few Tackle Today messages, we’ll shed more light on each piece.
Swing Trading Special Webinar
On September, 20th 2021 at 8:30 PM EST, we will be holding a special webinar that will teach you everything you need to know about Swing Trading. Visit the link below and be sure to click SET REMINDER, so you won’t miss it when Coach Matt goes LIVE.
Chart of the Day
Will the 50-day Save Us?
The S&P 500 sunk again on Tuesday, with widespread selling pressure across all sectors. Two things should give bulls hope. First, we’re only 2.18% off the highs. Second, the 50-day moving average is fast approaching. The past five touches of this oft-watched indicator have resulted in a rebound.
Video of the Day
7-Step Guide to Trading – Step 1: Conduct Market Analysis
Step #1: Conduct #MarketAnalysis. Survey the overall financial markets to get a read on what’s happening on the technical charts, in the news, and around the world. This is also known as a top-down approach to the markets. The ultimate goal here is to develop an opinion – also called market posture – on where you believe the charts are pointing. Depending on your overall opinion, you’ll choose to use certain strategies or techniques.?
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Trade Masters 7 PM EST
Join us every Wednesday at 7 PM EST on YouTube as the Coaches go over trade ideas from the Trade Master’s crew!
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.
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