The Swing Trader?s Bible: Strategies to Profit from Market Volatility - Hardcover

McCall, Matthew; Whistler, Mark

Hardcover

ISBN 10: 0470308265 ISBN 13: 9780470308264

Publisher: Wiley, 2009

Synopsis

The Swing Trader's Bible provides traders with different strategies to capitalize on market fluctuations. The majority of the time, most markets move sideways, with no discernible long-term up or down trend. The key to making money in these kinds of markets is to sell when the market is near the top of its range and buy when it's near the bottom of its range. The authors explain how to use fundamental stock analysis and technical analysis to spot swing trading opportunities. They then provide very specific techniques for entering and exiting the market, including: channel analysis; momentum indicators; stock sector leaders/followers; market cycles; overbought/oversold indicators; trading volume; and money flows. The authors explain how to swing trade by taking outright positions in stocks or by using various options strategies. Most of the book is devoted to swing trading using individual stocks, but the authors also explain swing trading opportunities in stock indexes and in exchange-traded funds.

About this title

From the Inside Flap

Some of the best traders in the world avoid taking an overcomplicated view of the markets. To truly prosper, many of them try to keep things simple and look at the fundamentals, economics, and technicals at play as they make their moves. Swing trading—which involves taking short-term positions in anticipation of quick market movements over a series of days or weeks—is a straightforward approach to trading that allows you to make sense of today's markets as well as perceive and profit from volatility.

Authors Matthew McCall and Mark Whistler—both of whom work within financial markets professionally—know that swing trading can be a rewarding endeavor for those with patience, rock-solid money management skills, and a wide repertoire of proven strategies. Now, with The Swing Trader's Bible, they share their extensive experiences in this field with you and reveal how to use specific strategies, along with fundamental and technical analysis, to uncover incredibly profitable swing trading opportunities.

This reliable resource opens with a detailed discussion of the Three Rules of Profitability, which includes developing a stop-loss plan before entering a trade, following a few commonsense fundamentals, and understanding the basics of technical analysis. After this important introduction, McCall and Whistler detail more than a dozen swing trading strategies that will help you enter and exit positions more successfully as well as improve the bottom line of your portfolio.

Along the way, you'll become familiar with:

• How to swing trade a market sell-off through short stock and Inverse ETFs strategies

• The Tier II play, in which small-cap stocks "follow the lead" of larger-cap stocks in similar industries

• Piggyback strategies—using ETFs and mutual funds—that allow you to choose from stocks that have clear buying momentum

• How bull and bear spreads—one of many swing trading option strategies discussed throughout the book—can help you capitalize on both upward and downward movements in stocks

• And much more

Based on both larger market ideas and micro technical occurrences, the strategies outlined throughout these pages will allow you to enter markets with confidence and exit with profits. However, to make the most of these strategies, you must remember to step back from the masses—as well as your emotions—and evaluate the bigger picture of every trade idea, headline, and market paradigm. If you're able to do this, there's nothing stopping you from turning your financial dreams into reality.

From the Back Cover

Praise For The Swing Trader's Bible

"This book is an absolute must-read for novice swing traders and veteran traders alike. Matt McCall and Mark Whistler write with a combination of authority and simplicity that's so essential when learning how to navigate these precarious markets."
—Nicholas Collard, TradingMarkets.com

"This book is great for Forex traders alike; the technical analysis in this book can be applied to all types of trading. As a professional trader I have been using the strategies described in this book with great success. Our Forex client base can certainly benefit from books like this."
—Alex Nekritin, CEO, TradersChoiceFX.com

In The Swing Trader's Bible, authors Matthew McCall and Mark Whistler—both of whom work within financial markets professionally—share their extensive experiences in this field with you and reveal how to use more than a dozen specific strategies, along with fundamental and technical analysis, to uncover incredibly profitable swing trading opportunities.

Based on both larger market ideas and micro technical occurrences, the strategies outlined throughout these pages will allow you to capitalize on market fluctuations in almost any area. Filled with in-depth insights and expert advice, The Swing Trader's Bible will help you to enter and exit positions more successfully and improve the bottom line of your portfolio in the process.

Edition details

• Publisher: Wiley
• Publication date: 2009
• ISBN 10: 0470308265
• ISBN 13: 9780470308264
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 240