How To Swing Trade As A Beginner Investor (PRICE ACTION)

all right so let's talk about swing trading what's going on team it's ricky with tackbot solutions and this video is an introduction to swing trading so um this video is actually going to be uh highlighting one of my learn plan profit traders uh obviously you know we we have a decent sized youtube channel we have a decent size free facebook group and we obviously go through a lot of traders that end up joining and wanting to learn more about the stock market day trading is naturally i think one of the things that is the most attractive as someone is just getting started i simply want to share with you uh some of the key points on why why maybe swing trading when you're just getting started might actually be a more fluid transition so i'm going to use eddie as an example eddie actually signed up for learn time profit uh last friday uh and this week he took one trade one swing trade um you know everyone sees value in different ways i'm just gonna use him as an example uh he was able to close a little bit over sixteen hundred dollars profit on a three to four day swing trade he closed it out over the weekend right on sqq he trades with about 20 000 so he's still under the pdt rule so i'm just going to quickly talk about some of the incentives of swing trading versus day trading first off if you want to day trade and that's your focus i'm not here to convince you to swing trade i'm a big believer in you pursuing the market in any way that you see it you know just or the most valuable so if you want to continue to day trade all power to you this video is not to convince you i just think that as someone is just getting started maybe taking a more relaxed approach more you know the way that i've used swing trading to be can allow you to really make a more informed decision so instead of trying to trade multiple times every single day which can be either very exhausting and or almost forcing trades and i feel like that's that's a comment that we get from a lot of people that are just getting started where they feel like they always need to be in front of a screen forcing entries forcing exits and it's somewhat counterproductive because when you're just getting started you kind of don't know what you're looking for right uh the way that i like to kind of preach and encourage beginner traders is i like to i like to keep trading simple as or as simple as possible so i'm gonna just use what we tend to focus on as an example but there's these kinds of etfs and or niches for everything right there's there's etfs and inverse etfs for oil for gold for you know cannabis there's literally maybe for any interest or any sector that you see a lot of value in i would encourage you to see if there's an etf and an inverse etf that follows those specific markets these are nasdaq etfs so when one goes up the other one goes down that's what i mean by inverse and the reason that that is kind of useful is that instead of always having to trade and and scan for stocks every single morning that can be kind of exhausting especially as you're just getting started and especially when you don't really know what you're looking for if you have a big focus and you can really niche down this nasdaq etf has a big focus on tech so the first thing is understanding what influences these you know this nasdaq index so if i can have a better understanding in what influences nasdaq index then i can at least understand and digest news that is being shared and how the market will then react right i can make sense of what is happening it's very difficult when you're trying to trade a cannabis stock and then you're going long on a tech stock and then you're trying to short an oil etf those are all different sectors right that's very complicated and it's not impossible but it just makes it more challenging keeping trading simple that's a focus for 2022 right so by focusing on my main niche my example is the nasdaq index which focuses on tech i only need to pay attention to and stay up to date with news and with overall market direction as many of you guys have recently seen we've seen that the nasdaq market has gained a nasdaq etf tqqqqq in the past two weeks has gained 60 percent this is a triple leveraged etf meaning that every time that the nasdaq market moves one percent this etf moves three percent so the nasdaq market has recovered 20 percent in the past two weeks that means that tkq has recovered 60 and it has not really pulled back until recently this is why eddie and our learn plan profit team began to prepare for this pullback so when the nasdaq market began to experience its resistance level and then began to indicate signs of a slight pullback that's we when we began to take our short-term swing trade on sq it had a nice little rally it gapped up about 10 to 15 percent very nice right so with that being said we're able to not have to force a trade every single day and be concerned about the pdt rule but with swing trading as long as i'm entering a quality swing trade and i see that direction is in my favor so nasdaq market's pulling back s qqq goes up when the nasdaq market drops so the great thing about that is that when i get that confirmation i can enter my swing trade and then when it begins to approach its support level here for t q that means that this might be at its resistance level so i'll lock in profits one thing that i also want to make sure that i preach and again this is just a very um open example obviously not going very in-depth uh but one of the things that you always need to understand is that depending on what niche you're focused on there's always going to be one of those etfs that are always or tends to be the most bullish meaning that tech as in the nasdaq market is more bullish for the past year to two years the its overall lifetime then it is bearish so what you then need to understand is that then tqqq is the bull etf that one goes up more consistently than sqq so the way that i view that is that i have my bull etf which is considered less risky and then my bare etf sqq which is considered of higher risk the only times that i trade sqq or swing trade ask qqq is when i actually have confirmation that the money that the market's beginning to pull back and i think that's one of the great things about this is that i don't need to be going back and forth every single time right i focus on true direction so when i see that there's a continuous uptrend pattern i will stay invested in tqqq with a decent position size enough money that i feel motivated to take it seriously but not so much that had any little pullback i become an emotional mess you know exactly what i'm talking about and only when we're overbought enough that it's due for a little retracement that is when i begin to prepare and lock in profits on tqqq and then begin to prepare to enter a swing trade or a day trade if i don't want to take on that risk on s kikicube and that's exactly what eddie did right we were able to identify overbought levels for tqqq locked in profits there we anticipated this pullback and then once we got confirmation we took a small position and averaged up into it and it's very easy to do that because again the overall direction is in our favor so we allowed sqkq to really rise and tqkq to bleed now we're back at that support level we're back at that resistance level we locked in profits on ask qqq and then guess what we wait for we don't have to be in one or the other i can stay cash right now which means that i'm not in a position and then now i wait if t qqq begins to recover i'll begin to average up into that specific etf but if tkq ends up breaking below that support then i can re-enter sqq and make money as the market pulls back again it might sound complicated but if you compare it to anything else out there i'm only focusing on two pairs one goes up and the other goes down it's that simple and i'm not trying to encourage you to trick these etfs all i'm trying to share with you is that maybe taking time asking yourself what niche is the most attractive to you and seeing if it actually offers a pair of etfs how cool would it be let's say that you're into cannabis not saying that you are but let's say that you are right there's a series of cannabis etfs one goes up when the other one goes down you know if you're already so informed about the cannabis industry then learn more and become a true professional in just that niche you don't have to know everything about everything keep trading simple right that's kind of my encouragement when it comes down to this um kind of swing trade challenge that we have going on it's that day trading is cool but it takes time to understand when to enter when to exit and you know when the risk to reward ratio is in your favor you need to learn how to walk before you run i think swing trading is a very fluid way to be able to transition into the market even while you are under the pdt role so i thought i'd break it down for you guys so again i really hope that you guys like this explanation huge shout out to eddie for a lot allowing me uh to use you as an example and again friendly reminder we are having our little swing trade challenge with our learn plan profit group if you guys want to learn a little bit more about that and to see if it's a good fit for you we actually have a coupon down below it's 100 off learn plan profit and if you're ready to join our team that's that second link in the description that gets you lifetime access to the a2z video lesson library that's designed for absolute beginners gives you lifetime access to our daily live trading sessions where you get to watch me trade live every single day at market open you get lifetime access to our private group chat and now you get access to our tech buds trading hq it's the first ever in-person trading office space and again we're located in chandler arizona that's all-inclusive within learn plan profit 2.0 if you want to learn more about it and to see if it's a good fit for you that's that second link down below i hope that we earned a thumbs up please consider subscribing and like always let's make sure that we end the year on a green now take you to the team

Channel: Ricky Gutierrez

Views: 172,618

Keywords: swing trading, swing trading strategies, swing trading for beginners, how to swing trade, swing trading stocks, swing trading forex, swing trading cryptocurrency, swing trading robinhood, swing trading options, swing trading vs day trading, swing trading indicators, swing trading live, swing trading webull, swing trading scanner setup, forex, price actioon, robinhood app, webull app, how to trade, graham stephan, ziptrader, warrior trading, live trading, tesla stock, amc, gme

Id: 78LpNG_rbI8

Length: 10min 24sec (624 seconds)

Published: Sun Apr 03 2022