Learn Swing Trading Strategies – Important Tips For Short Term Traders

Learn Swing Trading Strategies – Top Trading Tips

I wanted to put a list of rules together for traders who want to become profitable and learn swing trading
strategies that will help them earn money.

I cannot promise you that you will become a profitable trader, even if you learn swing trading strategies that
are profitable, this is entirely up to you but I can promise you that if you follow these rules you will become a
better trader. These rules are based on years of actual trading experience and years of teaching traders what
not to do.

1. Always Have A Trading Plan

Many traders who are starting out begin trading based on a whim or a guess and don’t have a trading plan.
Remember that trading is not to be taken lightly and you need to have a basic road map that has all the
important parts like your risk level, your entry level, your stop loss and your profit target. There are other
things that your plan needs to have, but these are a good place to start.

2. Treat Trading Like A Business

Trading is a business, when trade you either lose or make money. Treat your trading like a business; know
what’s coming in and what’s going out. Know how to calculate your expectancy so you know what your risk is
for every dollar you trade. These are basic principles that every business should know. If you sell widgets you
have to know what your cost is and what your mark up is and trading is no different. This is a good way to
develop and learn swing trading strategies that work.

3. Invest In Good Tools

Don’t be cheap when it comes to good trading tools, you will ultimately save much more money by having
the best and quickest trading tools available than by trying to save 10 dollars on cheaper equipment. You
need ultra fast internet connection and good execution, your software needs to be reliable and quick. I have
seen people lose over 100,000 dollars in a few minutes because of computer or internet problems that could
have been easily prevented. Always have some back up or emergency system to place orders, and see quotes
as well. Many traders who contact me who are interested to learn swing trading strategies don’t realize that
equipment is vital to compete with other traders in this advanced technological day and age.

4. Always Use Stop Loss Orders

Never enter an order without simultaneously entering a resting stop loss order at the same time. Many
traders argue that orders get picked or they can do it later, yes you can but most don’t. People have a way of
talking themselves out of stop loss orders after the fact and cause tremendous damage to their account as a
result. Place your stop loss order at the same time you place your entry and prevent these problems; you will
be glad you did and will sleep better at night as a result. Always remember to cancel these orders if they
don’t get filled.

5. Know Your Target Exit Before Placing Orders

This is similar to the problem with stop loss orders. Many traders get greedy and don’t take their profit when
they are supposed to but even more traders get scared and take their profits too early. This is a major
problem that can also be prevented by placing target orders simultaneously with your entry orders and your

Page 1 of 2
 Learn Swing Trading Strategies – Important Tips For Short Term Traders

stop loss orders. This is not as crucial as your stop loss order but it will help you keep disciplined and
organized which is a big problem with traders who trade many different positions at the same time. Always
remember to cancel these orders if they do not get filled.

6. Trade with Risk Capital

One of the biggest reasons why traders can’t control their emotions while trading is because they cannot
afford to lose the money they are speculating with. When you are not trading with risk capital, you are
making it much harder on yourself to deal with trading emotions. This is very hard to control when you are
using risk capital but when you are trading with money you cannot afford to lose, you are making it that
much more difficult for yourself, don’t do it period. Many traders who ask me questions and want to learn
swing trading strategies ask me if it’s acceptable to use their IRA account or their savings account for trading.
Don’t do it, you will regret it later, I promise you that.

7. Know When to Stop

Another biggest reason for traders losing is burn out. Trading is very difficult psychologically and takes a great
toll on your mind and body; you need to trade in moderation. Don’t let burn out affect your trading, take
plenty of time off and get rest. Make sure you don’t have stress coming from other places, this will influence
you as well. You could learn swing trading strategies better than anyone but if you are under stress, you will
not be able to execute your trading strategies properly.

8. Keep Everything In Perspective

Trading should be part of your life, not make up or define your life. Make sure you understand that and keep
things in perspective. When I started trading I was pretty much locked up in a room all day trying to figure
out what’s what. I needed to step back to really understand what I was doing wrong and how to stop doing it.
My best trading ideas come to me when I’m at the gym so take some time to reflect and write down what
you are doing. You will begin to notice patterns about your behavior.

9. Have Good Support System

Have good friends and family who support what you do. Most professional traders have a great support
system or had one when they started trading. Trading is hard on the nervous system and on family members,
especially during losing periods. Make sure your family understands your trading plan and understands that
losing periods are part of the process. Take this into account when creating your trading plan. Have your
family be part of your trading so they know what to expect as time goes on.

10. Never Stop Learning

Some traders learn a few techniques and trade them for the rest of their lives. Others keep searching and
searching for the Holy Grail. Education is important because markets change and technology does to. You
want to make sure you know what’s going on and what changes are occurring so that you can make better
decisions. You also want to make sure you learn swing trading strategies that are not outdated. Market Geeks
can help you stay on top of the latest trading strategies, trading technology and the latest trends to help you
learn swing trading strategies that work.

Page 2 of 2