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    How to Swing Trade and make a full time Income
    How to Swing Trade and make a full time Income
    How to Swing Trade and make a full time Income
    Ebook134 pages2 hours

    How to Swing Trade and make a full time Income

    By Z. Cobre

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    Read preview

    About this ebook

    How to Swing Trade and make a full time Income is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques as well as a trading method that can be the backbone of any new swing trader’s success in the financial markets no matter whether you’re trading equities, Forex future or commodities the method in this book works on any liquid tradable asset class.

    Use How to Swing Trade and make a full time Income as an overview or a guide if you will, to what to study and learn first to become consistently profitable from investing and swing trading. I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them.

    This short book can fast track your long learning curve so you can begin making lots of money right away from your new investing and swing trading business. The information in How to Swing Trade and make a full time Income has been written to save time and money for a brand new self-directed investor and trader, so they don’t waste a lot of either when they are first starting out and don’t know what to do. When first starting off in the investing and trading business new people make a lot of mistakes which can cost them a lot of money and How to Swing Trade and make a full time Income has some tips and tricks to help the new investor and trader reduce those costly errors.

    LanguageEnglish
    PublisherZ. Cobre
    Release dateDec 2, 2017
    ISBN9781386084006
    How to Swing Trade and make a full time Income

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      Book preview

      How to Swing Trade and make a full time Income - Z. Cobre

      How to use this book

      This book is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques as well as a trading method that can be the backbone of any new swing trader’s success in the financial markets no matter whether you’re trading equities, Forex future or commodities the method in this book works on any liquid tradable asset class.

      Use this book as an overview or a guide if you will, to what to study and learn first to become consistently profitable from investing and swing trading. I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them.

      Instead of trying to read this book fast I recommend that you go slow and look up and search for the main things the book talks about that will help you to become successful right away and also use the clickable links provided to get even more information. Skip over anything that is important and it could for sure cause you to lose some money, no one wants that now, right?

      If you need to study each principle one at a time so you can fully grasp it so be it, you do not need to be in any hurry, the market is always going to be there waiting to give you a chance to make money, you can start trading today and making money today on as little as $500 capital to start with.

      I also did not put all the financial market history and all the stats in this book. You can look all of that up online at your leisure if you want to know that information, while it is good to know, it will not make you real money in the live markets every day.

      You’re asking yourself what will make you money every day in the live markets. Let’s get to it shall we.

      <<<>>><<<>>>

      Table of Contents

      How to use this book

      Figure out "why" you want to do the trading business for a living before you start it?

      New swing traders make extremely expensive mistakes when first starting out – don’t be that trader!

      Do you have strict money management rules?

      Do your trading education right the first time from the first day of your trading business

      You must be able to read price action on a chart at a glance – can you?

      Lose your ego before you use real money to trade

      The easiest trading method for a beginner to learn and make unlimited money

      The best time frame for making an unlimited income from swing trading

      Compose a rule based trading plan and stick then to it

      You can swing trade stocks for consistent high profits as a self-directed beginner

      Know who your competition is then develop a hard core killer edge to beat them

      Develop and have a kill everyone trading mentality

      Do yourself a huge favor and always follow the path of least resistance

      3 things that will help you win more trades – large PM, correlation, confluence in signals

      You don’t any fancy indicators to make unlimited money from swing trading

      What is high probability trading?

      My final advice to swing trading beginners

      Tips

      Extra links

      Glossary

      Disclaimer

      Figure out why you want to do the trading business for a living before you start it?

      Begin with the end in mind I always say. There are a lot of things to consider when thinking about becoming a professional market investor and swing trader. You are the one who is making the decision to get into the swing trading and investing business, no one is making you do it. It is a big step for someone to take the plunge into the world of making money with money. One has to look inside one’s self and ask some very hard questions before they start driving their own money train down the tracks to riches in the live markets.

      It is very important to have figured out what your ultimate goals are before you step foot into the markets with your hard earned real money. Questions I ask new people are: are you trading for short term income or long term wealth building? Are you trying to build up your account balance to be able to take on more risk and trade larger size? I ask them why they want to do this business. I ask them if they know what their goals for the long term are and if they are thinking with a long term perspective.

      If a new investor or swing trader cannot answer these questions right away I just encourage them to stay out of the live markets until they can answer them and be honest. I also will ask them how much capital they plan to enter the live markets to work with. There is no point in trying to enter the live markets with scared money.

      Here are some of the main things you need to ask yourself and have made a decision on before you get going. Are you trading for short term income? Are you trading to build up an account balance so you can start trading multiple shares, lots or contracts? Are you trading for long term wealth goals and/or retirement and wish to be a buy and hold type of investor?

      What kind of investor or trader do you desire to be? You should know this before beginning this business. Figure out what style of investing or trading suits your personality the best. Do you want to day trade, swing trade, or position trade? What kind of time are you looking to put in on a daily basis? What kind of returns are you looking at monetarily? Are you the type of person who has a lot of time to devote to looking at charts in the live market to be a day trader? While I do not recommend day trading, it is possible; however, it requires a lot of time, preparation and a large amount capital. I know very few successful day traders.

      While I do not recommend day trading, it is possible; however, it requires a lot of time, preparation and a large amount capital. I know very few successful day traders. But if you are going to try it, How to Swing Trade and make a full time Income will tell you how you can do it with as little as $500 to start off.

      There are only a few different ways to be a market speculator - which way is best for you? You would either become an intraday trader, a swing trader or position trader. Do you like action? Maybe you want to be a scalper and get in and out of trades very quickly and take many trades in one day. You need a speedy internet connection for this type of trading.

      I am sorry to inform you that there is no such thing as scalping unless you are an algorithm. Are you an algorithm? I think not! Even if you could scalp you would need to be using an account size of five hundred thousand dollars or more to make it worth the costs that you would incur doing that type of trading. Don’t be a kook and try it because as a retail trader you will lose all of your freakin money. ALLLLL OOOOOF ITTTTTT!

      If you want to swing trade, you will need to have the capital in your account to handle the overnight margin requirement of whatever your chosen instrument is to work in. CAUTION: If you are new and have to use leverage to trade, you just shouldn’t trade. Stay out until you have sufficient capital to go into the market and be able to have a chance to make money.

      You can also become a position investor and trader and keep positions for a long term time horizon. Most position investors and traders are in a position for months and sometimes years. These are the most successful consistently profitable money making investors and traders in the business. It is this type of investing and trading which over the long term makes the most amount of money.

      One of the reasons this type of investing and trading is so profitable is because the expenses associated with this type of market action are low and do not add up as quickly as they do with other types of trading. Remember it takes money to make money and also costs money to make money in the live markets.

      If you would like to be more of an investor or position trader, then you will also need to be well-funded to sustain a draw-down on a position of as much as 50 percent. Should you not have the mental wherewithal to sit through a 50 percent draw-down on any given position in your portfolio, then again I recommend just staying out of the live markets until you have the psychological makeup to do so.

      The next thing you need to make a decision on before doing anything is how much money you plan to capitalize your new investing and trading business with. As has been said before and will be said again right here and now. Only trade with money you can afford to lose.

      Here is a visualization you can do to get that last sentence in perspective as a newbie. Picture yourself throwing your starting capital into your barbeque, turning the barbeque all the way up to the highest flame or like we were discussing earlier throwing all your hard earned money into the bon fire at the party you’re throwing for yourself for starting your new trading business then watching your money burn up in flames and smoke right before your very eyes.

      I recommend picking one style of investing or trading and becoming an expert at it. Find a few instruments you like and study their price action and work in those exclusively. You do not need to work in every asset class there is. You also do not need to be in the market all the time because cash is also a position.

      I strongly recommend you also know what type of market investor or trader you desire to be and whether you will be active or passive and before you start to study or learn any information related to market investing. Being well prepared can help cut down on the long learning curve there is to becoming successful in this business.

      There are a lot of serious realistic questions you must ask yourself and have answered truthfully before you begin in this business and especially before you put any of your hard earned money on the line in the live markets. My best advice to you in this section is to get real about what you think swing trading is. Do some research if you have not already; learn what is realistic, and what is not in this business. You will save yourself a lot of time and money. Start your trading business with realistic goals and reasonable expectations; you’ll set yourself up for

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