≈ Do you trade the core patterns? ≈
In August, the coaches at Tackle Trading put on a special event on YouTube. The educational topics varied from swing trading, options trading, Thinkorswim organization, scanning for trades and more. Over the next few days, we will be posting each segment individually on our YouTube channel so that you can review them more easily.
The first hour of the marathon featured Coach Noah Davidson. Noah taught us the basics of Swing Trading stocks, using principles like trend and pattern identification, the CORE 1-2-3 uptrend pattern and more. Swing trading is a popular, and powerful style of trading for trained and rule-based technicians.
If you have not developed your rules for swing trading yet, consider starting with the STEP System course and work on each of the four core tradable patterns one at a time. You should know exactly how to trade a Bullish Breakout, Bullish Retracement, Bearish Breakdown, and Bearish Retracement.
There are different styles of trading, and Swing trading is just one of them. But, if you’re going to use the techniques properly, you have to have the proper mindset for swing trading and build specific rules (stop loss, target, entry and position sizing).
Watch the tutorial from Noah, and get the basics down, then start working on the STEP System and build the specifics into your trading rules.
Chart of the Day
Core 1-2-3 Uptrend Pattern
When swing trading, it is important to understand how patterns and trends develop. The CORE 1-2-3 Uptrend Pattern occurs after a consolidation, then a breakout (1) into an over-extended condition (2) and finally a bullish retracement (3).
Video of the Day
Swing Trading Stocks
Watch this tutorial from Coach Noah on how to swing trade stocks.
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.
The Coaches Show 8:30 PM EST
This is our weekly MasterMind group. Join the coaches tonight, 8:30pm EST to discuss the markets and help you prepare for the week.
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.
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