New, Interested in Swing Trading

[TechSolutions]

Hello Everyone in T2W,

New to all this trying to understand it but from the information I have gathered I would like to learn and do swing trading. All help and suggestions are welcomed, I also have got a few books I will write the names here and anyone can tell me if these are good choices I have not read them yet still waiting for them in the mail. Im not Looking to get rich quick or anything Trading is interesting to me and i would like to learn everything i can and also experience it first hand i dont have a lot of money once i start doing some actual swing trading sometime in the future i only have $1,000 to begin.

PS: not looking to know it all overnight or start trading tomorrow

Japanese Candlesticks Charting Techniques
Technical Analysis for Dummies
Technical Analysis of the Financial Markets
Economics in one Lesson
The Master Swing Trader Toolkit
Delta Phenomenon
cybernetic analysis for stocks and futures
Trading In the Zone
Trading for a living
Disciplined Trader
Swing Trading for Dummies
reminiscences of a stock operator
How i made 2 Million in stocks

Thanks

TS:cheesy:

 

[timsk]

. . .All help and suggestions are welcomed, I also have got a few books I will write the names here and anyone can tell me if these are good choices . . .

Hi TechSolutions,
Welcome to T2W.

Most of the books you list are well regarded 'standard' texts for retail traders. That said, everyone has their favourites and then there are those who say all books are pretty useless and that you have to work all this stuff out for yourself! The only book that you've not got that I would recommend is this one: Marc Rivalland on Swing Trading by Marc Rivalland. Well worth reading, IMO.

We have a whole category devoted to Swing & Position Trading in the Articles section of T2W - lots of useful info in there. Here's an article to start you off with - written by a very well respected member and former T2W moderator called 'barjon': Simple Swing Trading

Let us know how you get on.
Tim.

 

[malaguti]

The only book that you've not got that I would recommend is this one: Marc Rivalland on Swing Trading by Marc Rivalland. Well worth reading, IMO.

Interesting Tim, this is one I've never read and yet am an avid fan of P&F. I never realised Marc combined the two
Have you read Duplessis? and if so having read that book, would you still look at Marc's?

 

[timsk]

Interesting Tim, this is one I've never read and yet am an avid fan of P&F. I never realised Marc combined the two
Have you read Duplessis? and if so having read that book, would you still look at Marc's?

Hi malaguti,
In a word: YES!
You won't learn anything about P&F from Rivalland's book that you don't already know or find in DuPlessis' book, but the way he uses P&F in conjunction with his swing charts (based on Gann) - is interesting, IMO. It's well written, easy to follow with loads of clearly annotated charts. For anyone wanting to develop a sound approach to trading the markets, it offers a methodology that will - if nothing else - get the reader thinking and exploring ideas they may not otherwise have thought of or considered.

Having said all that, you'll probably read it and dismiss it as a load of ol' tosh!
:cheesy:
Tim.

 

[TechSolutions]

Thanks for all the replies, anyone have suggestions on what the best website is to do any swing trading.

 

[malaguti]

Thanks for all the replies, anyone have suggestions on what the best website is to do any swing trading.

you'll be doing end of day I presume and US it looks like. Id say tradingview.com; they're free and they have great looking charts too

 

[wilczek]

This is a great ($50 but worth it) - Pring on Price Patterns : The Definitive Guide to Price Pattern Analysis and Intrepretation: Martin J. Pring, Martin Pring: 9780071440387: Amazon.com: Books

And this is a great free system - Price Action Swing Trading (PAST) Strategy eBook « Forex Useful

Also worth reading as mentioned in the first reply is the Marc Rivalland book (again, not free!)

 

[malaguti]

Hi malaguti,
In a word: YES!
You won't learn anything about P&F from Rivalland's book that you don't already know or find in DuPlessis' book, but the way he uses P&F in conjunction with his swing charts (based on Gann) - is interesting, IMO. It's well written, easy to follow with loads of clearly annotated charts. For anyone wanting to develop a sound approach to trading the markets, it offers a methodology that will - if nothing else - get the reader thinking and exploring ideas they may not otherwise have thought of or considered.

Having said all that, you'll probably read it and dismiss it as a load of ol' tosh!
:cheesy:
Tim.

i read this, and could only take perhaps one point from it that might be worth looking at, but it was a point i already knew I wanted to develop.
Disappointing in my opinion. I'd like to write something now, and I think I could do a better more concise job.
Lets see if I can sell it for £40 a pop :innocent:

 

[wilczek]

i read this, and could only take perhaps one point from it that might be worth looking at, but it was a point i already knew I wanted to develop.
Disappointing in my opinion. I'd like to write something now, and I think I could do a better more concise job.
Lets see if I can sell it for £40 a pop :innocent:

So funny - You want to learn to trade - I am guessing because you would like to make a living from it - Perhaps you should have asked for a £40 book on brain surgery

 

[malaguti]

So funny - You want to learn to trade - I am guessing because you would like to make a living from it - Perhaps you should have asked for a £40 book on brain surgery

you're funny also in your assumptions
No, I was hoping to learn something new, keep abreast of things. Thats the reason for buying the book, in the absence of interviewing the man himself. I, my friend am self taught, but I certainly dont profess to think I know it all. A book here or there helps. you will find surgeons have books on their subject also.
hope this helps any misconceived idea as to my intentions

 

[fxrookie24]

I'm reading Trading in The Zone at them moment - it's a great choice! It really has helped me with the mindset far more than anything else Ive come across so far

 

[exotrading]

Trading in general is based on what works for you.

Some tips that helped me when I first started out...
1. Make sure you know how much you're risking every trade.
2. Make sure how much risk there is compared to the potential reward.
3. Technical analysis is a given. Decide whether or not you want to profit from the formation
and breakout of the pattern, or the momentum following the breakout. (Or both )
3. Paper trading is awesome, but it's very inefficient. So I would suggest "OnDemand" from TDAmeritrade.

More about OnDemand. It lets you use historical data in "realtime" to trade. It's like paper trading except it gives you the ability to jump around the dates. So you can put in the trade and jump to a future date to see how it turned out.

Don't get used to abusing this though. It really takes the patience away from the swing trading.

For me swing trading has taught me and is teaching me to be patient and remain calm. OnDemand can be called a "shortcut" depending on how you look at it, but really don't abuse it. It can really mess up your way of thinking for real accounts.

-Sam

 

[ifmcinstitute]

I think best website for swing trading is trading view as they have charts also.

 

[Xevield]

The best learning method is practicing and learning from your own mistakes. Demo accounts are very good for this purpose. However, previous knowledge is mandatory. Try to explore and research as much as possible and trade on demo as much as necessary. Don’t rush on live account, just take your time

 

[SittingBear]

Thanks for all the replies, anyone have suggestions on what the best website is to do any swing trading.

There are plenty of really good traders out there. One that I personally follow to improve my technical skills is Forflies on Youtube (https://www.youtube.com/user/Entrt4inment). He's a young and very talented trader who's already made it big.

Another Youtube channel that I find very helpful is Long Life Trading. This one is entertaining and very deep and teaches you mainly what not to do, which is just as important as knowing what to do. Highly recommended and a fast growing channel. (https://www.youtube.com/channel/UCba9ZzmzqDolNIYx2NmnEEw/videos)

 

[hatemypips]

Hello Everyone in T2W,

New to all this trying to understand it but from the information I have gathered I would like to learn and do swing trading. All help and suggestions are welcomed, I also have got a few books I will write the names here and anyone can tell me if these are good choices I have not read them yet still waiting for them in the mail. Im not Looking to get rich quick or anything Trading is interesting to me and i would like to learn everything i can and also experience it first hand i dont have a lot of money once i start doing some actual swing trading sometime in the future i only have $1,000 to begin.

PS: not looking to know it all overnight or start trading tomorrow

Japanese Candlesticks Charting Techniques
Technical Analysis for Dummies
Technical Analysis of the Financial Markets
Economics in one Lesson
The Master Swing Trader Toolkit
Delta Phenomenon
cybernetic analysis for stocks and futures
Trading In the Zone
Trading for a living
Disciplined Trader
Swing Trading for Dummies
reminiscences of a stock operator
How i made 2 Million in stocks

Thanks

TS:cheesy:

The key conclusion from "reminiscences of a stock operator" is that stock market is a tool for transferring money from inpatient to patient. Forget about short-term you are unlikely to gain edge here, focus on long-term trades and learn how to make proper diversification of portfolio.