Getting Started in Swing Trading
$6.20
| Author(s) | |
|---|---|
| Pages |
225 |
| Format |
|
| Published Date |
2007 |
Getting Started in Swing Trading is addressed to the investor who recognizes the limitations of depending on others for investment advice; who is willing to learn the essential steps needed to invest on his or her own; and who wants to master proven strategies.
Introduction:
No one can show you how to get rich quick and with no risk. Those kinds of promises are vacant and unfounded. But it is possible to increase your rate of successes by utilizing strategies that give you an edge and help to anticipate the next price direction. There is no “sure-fire”method to achieving 100 percent profits. But swing trading can improve your rate of success, your timing, and your overall profitability.
This book also answers the question of what products to use in swing trading. Most people simply assume that you must use stocks to take long or short positions in stocks as part of a swing trading strategy. This topic is covered in depth. Realistically, however, buying and selling shares of stocks is a limited strategy because you are restricted to investing by a limited pool of capital. Later in this book, you will discover ways to expand your swing trading potential with less money and lower risk.
You will also see how to take up positions when you expect stock to trend downward but without having to sell stock short. This high-risk strategy is not the only way, or even the best or most affordable way, to play a bear market.
Contents:
- The Big Picture: How Swing Trading Works
- The Basic Technical Rules
- Candlestick Charting for Swing Trading
- Reaction Swings and the Reaction Cycle
- Brokerage Rules and the Pattern Day Trader
- Picking Stocks for Swing Trading
- Selling Short: Entering a Swing Trade with a Short Order
- Options for Swing Trading: the Basics
- Option Strategies for Swing Trading
- Swing Trading in Your Investment Portfolio
Getting Started in Swing Trading By Michael C. Thomsett pdf
7 reviews for Getting Started in Swing Trading
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Kannon Melton (verified owner) –
If it were not for the very meaningful front cover, I might have just rated this a one star. As a professional trader I can tell the book is too shallow (and in lack of passion, insight and substance from the author) to be of any help at all. Some may argue that I am too demanding to require a book of less than 200 content page to be compleat but I assure you “the market” is a killing field arguably with a casualty rate of over 70% that forgives no mistake nor ignorance. Of course, if you think a lukewarm mix of Candlestick, patterns, FA and options is good enough, please simply neglect this review. Otherwise,…………..
p.s. If I had read the backcover which said, “the author has written more than sixty books on investing, real estate, business and management”, I would certainly have given this book a pass.
Crystal Flynn (verified owner) –
I’m new in stock trading. I found this book give a very good overview of swing trading and using an easy understand approach to introduce technical terms such as candlestick chart, sell short and option etc.
I’d recommend this book for newbie of stock trading.
James Watkins (verified owner) –
This book is for beginners only, and if that’s you, you will not be disappointed.
It also touches on subjects such as technical analysis, money management and options.
I’m an experience trader, and I got value out of this book.
Beau Vasquez (verified owner) –
After attending a workshop with “The Market Guys” in June, I was on the hunt for good info to help me start my expedition of options trading. I was finishing up on “Technical Analysis – Plain and Simple” by Michael Kahn when I came across the “Swing Trading” book. It is a great compliment: easy to read, but hits many key points like “trading against the box” (that I applied in a recent Starbucks’ trade in combination with Put options).
The book worked really well for me because it starts off with Support and Resistance, and how to establish trend setup points. I especially like how it emphasizes that traditional investors are missing out on 50% of trading opportunities because they only play up hill.
Surprisingly, the book gives a good intro to Technical Analysis. Like most “Getting Started …” books, there’s a certain amount of general stuff but I found this book to be very useful and has lead to several conversations with my broker.
If you’re a beginner like me and are considering options, I’m currently reading “Options Strategies” 6th Printing by Guy Cohen. If you decide to read this book …
1) Don’t try to make sense of the strategy icon system (very confusing)
2) It has a number of typos and missed edits that will throw you off a little
3) Descriptions often don’t make sense until you’ve SEEN the example so
a) review the example first
b) then go back and read the description
PS: Always, do paper trades for at least a week before trading with real money.
Best wishes
Lola Henderson (verified owner) –
I tried explaining to somebody what swing trading is by detailing the short-term “buy low sell high” idea and failed. I was cut short and confronted by a “isn’t that what all trading is about?” Very true – fancy words make us feel better about what we do don’t they?
Getting Started in Swing Trading is exactly what the title suggests – a getting started book that runs you through the works without insulting your intelligence. You need not to fall exactly into the swing trader category to benefit from reading it. In fact it is a very good book for beginners in trading. I mean who as a keen beginner in the trading business really settles well into the idea of long-term trading straight out?
The book runs through trading emotions, support and resistance, technical and fundamental analysis, chart patterns, candle stick reversals, how to pick stocks and a good section on options. A few times I wondered to myself “haven’t I already read this?” You will find the book regurgitating important concepts throughout – and this is not a bad thing. This book has good information for beginners and I wish I had come across it when I was starting out.
I was however disappointed in the lack of in depth swing trading content; I guess I wouldn’t hold grudges about it considering it does say “Getting Started in” on the cover. If you are a swing trader looking for something to reinforce your trading – this is not the one for you.
Books I’ve read in the “Getting Started in” series so far has been decent.
Marcelo Daniels (verified owner) –
Michael’s book is excellent from the perspective of getting started as one expects; however, the editor and/or typesetter did it a complete injustice. Throughout the book there are places where the words are broken into parts because of full justification and the aforementioned people not paying attention to the detail. Consequently, it makes the reading broken and tedious instead of serving its intended purpose.
While I consider Michael wrote a number of books serving as a good source for introduction to a subject, I would not recommend brothering with this book until the responsible people correct their mistakes.
Kamiyah Garcia (verified owner) –
All good. Many thanks.