Keep Swing Trading | Connie Hill, CMT | 12-17-19 | Technically Speaking: Trading Stocks & Options

Keep Swing Trading | Connie Hill, CMT | 12-17-19 | Technically Speaking: Trading Stocks & Options

Articles Blog


you all right hey good afternoon
everyone welcome to our clot in
our class on technically speaking trading
stocks and options we’re gonna
start with some swing trading today actually we
started with it last week and
today we’re going to have a really focused
attention on targets stops
multiple examples of going through that so you have an idea
get some good repetition of that
well by the time we’re finished I want
you to be able to feel like I
can go out and do opportunities like that I know
where to set the target I know
how to sell the stock all right that’s our whole
purpose today let’s go through
our disclosures and then we will get down to
business options are not
suitable for all investors as the special risk
inherent options trading makes
those investors to potentially wrap it in
substantial losses let’s see probability analysis
results shown which we may do
are theoretical in nature and do not guarantee or
reflect any degree of certainty
of an event occurring past performance of
any security or strategy does
not guarantee future results or success trades
involving minimum potential
benefit can also be significantly impacted
by transaction costs alright
let’s just kind of go through our agenda
I’ve only already told you what
I want you to get out of our session here today
but in terms of our agenda
there’s the big piece that we’re going to focus
on here these ones I’ve kind of
put in a light grey font where I got a focus so
much on those although we’re
going to kind of go through them because we need to
but the big focus is going to be
right here determine potential entry
signals which will summarize
we’ve talked about them in the past price target and
initial stop orders and of
course all of this we’re going to execute in the
thinkorswim trading platform I
hope you’re getting more comfortable
with that all right let’s take a
look at this and
the slide we’re going to just
focus on before we get into some examples
now I should tell you if you
have any questions please chat them in to
our window here all right I’m
gonna keep my eye on it and as questions arise
I want you to feel like you can
have asked them and get an answer now what we’re
looking at here it’s type
basically a stock in a little bit of an uptrend right
we have a previous high up there
at the top that’s what we call our swing target
that’s the initial target that
we shoot for after we get our entry signal we get
this nice move up stock Peaks
and what does it do it pulls back two to five days
that’s the ideal time frame
sometimes we don’t get ideal sometimes when we get
a little bit longer right but we
don’t want it to go on for too long and then once
we see the stock make a little
bit of a bounce all right we see here’s the
initial target and then this
target here that’s filled in with this this pole
and this arrow this is the
flagpole right that’s that from the beginning bullish
candle up to the peak of the
bullish candle there where it stops that’s what
we call our flagpole and really
it’s a sharp vertical move up all right it’s
not a lazy river the kind of
gradually gets there it’s a pop pop pop all
right and our initial exit where
do you think that ought to be placed our initial
exit is going to be placed here
right below the low in the pullback all right so
when we’re focusing on those
exit points and our entry let’s get rid of that
oh it didn’t go where I wanted
it to let’s see here well I am totally not felling up
on the slides here let me go
back to where we really need to be which is I
apologize about that all right there we go now we’re back to
where they wanted us to be so we
have our initial exit just a little bit below
that low the target is the
height of this pattern we’re actually going to look at
more than one pattern this is
the flag pattern that we have a great
deal of emphasis on some of the
examples we’re going to use today aren’t
exactly flags all right I want
you to know how to do those as well
so this initial exit order is
placed below the low of the low day
right there all right target is
basically the peak the height here all right let’s
go do some examples and put
these into place now last week I showed you scan
that we had that we had done
they gave us some candidates to look for
candidates to look at I’m going
to come over to this scan tab I’m going to show you
real quickly just kind of repeat
what that scan was for those of you that
worked here then you can kind of
follow along with where we are now and
furthermore we’re gonna be going
to use the results of that scan here today of
course I’ve had a chance to
sneak peek Adam and explore which ones might be good
examples for us it may take back
here instead of that change let’s go
ahead and do the last price all
right per Sode specific intent you might like
it higher you might like it 20
or 25 you might be accepting of lower numbers
alright we’re gonna use Tim
today the next thing we’re going to do is percent change
percent change is today’s
percent change you may use this something that you’re
looking at you might not but the
idea here is we’re looking at least for some
upward movement today as part of
swing trading we’re trying to catch it we’re
trying to get in just as we’ve
seen some lift of momentum hopefully bouncing off
support and heading upward alright which is why we’re going
to do the percent change last week we did it up 1% I’m
gonna be a little bit stricter
today we’re gonna go with 2% so we’re gonna look for
a bigger move on the day alright
our next couple as filters are going to come
from the studies so I’m going to
add a filter here we’re gonna actually add
two of these important criteria
that we’re going to select next is going to
be the volume many times people
will want to avoid really low priced or low
volume stocks right they want
there to be some liquidity they won’t have people
to be able to trade with
essentially we’re gonna come down here to the
study come down to volume we’re
gonna select average volume your average
volume criteria might be
different than what we use here today in our class I’m
gonna do a shorter time frame
than the default 50 periods let’s go to 30 that’s
more of about six weeks you
could use a shorter timeframe if you want it to and
we’re looking for an average
volume that is greater than the default here is
a million if you’re an options
trader you might like a million or you
might increase that a little bit
to maybe fifteen hundred or two million
not fifteen hundred one point
five million or two million if you are a
stock trader and you don’t
necessarily need to look for numbers that high but
one might consider doing 250,000
maybe you like it a little bit more
maybe you’re accepting of a
little bit less all right but you want to have
some stocks that are trading
that are liquid you don’t want to be stuck in a
stock that you can’t get out of
and there’s a huge bid-ask spread on it that’s
not very helpful for you all
right the last one we’re going to put in our
scan is probably one of the most
important things for a swing trader all
right and that is the trend of
the stock right we are trying to in our case we’re
in a bullish market we’re
looking for some upward trending stocks if we’re
in a bearish market we could use
the same thing but slanted the bearish
direction but it is probably for
a swing trader one of the most important
criteria it is trend alright now
when we think about trends we know that price and
then uptrend casts higher highs
and higher lows so the price of a stock is
increasing so that’s what we’re
going to grab here we’re going to come
down to price performance and
select on price change and then you can put in
what kind of a time frame you’re
looking for if you wanted to do it a really
short timeframe like the last
two weeks you could for our purposes I’m going
to go a little bit better a
little bit larger timeframe because I want it to
be an established uptrend so
we’re going to go with a quarter so here we’re
going to use last week that we
may have used ten percent today I’m going to be a
little bit more so I’m going to
be a little more picky I’m going to look for
a little bit higher performance
okay 15 percent in the last 65 bars
remember bars equals trading
days that’s about a quarter all right do we
care about fundamentals in some
cases when we’re purely looking for
different types of stocks yes
there could be some fundamentals we put in here if
you’re a value type investor
different parameters completely but for swing traders
were trying to identify that
trend we’re trying to write it up that
momentum mu as it goes now this
is bringing this back 57 right now let’s go ahead
and grab 200 so we get all of
these alright we’re not going to necessarily
look at every single one of them
obviously we don’t have time for that but
this could be a sample query
that you use sample scam if you want to save it come
up to the icon to the right of
the flame that’s our sizzle index hit save
scan and give it a decent name
don’t call it Connie scan don’t call it your
dog’s name some name is
something that you’ll remember what it really
represents you know you could
call it swing trade bullish or upward trends
something of that nature so that
you know I’ve already got that saved I don’t
need to save it another time we
are going to save it as a watch list because
we’re going to do some examples
here off the results that came back now any
questions on that scam do you
have any questions on the scan let me know because
we’re going to move on from
there some of you might be new to the scan
functionality and there’s a lot
that it can do we’re trying to simplify it for a
purposes here today let’s go
ahead let’s save as a watch list
and let’s call this 1217 today’s
dates swing twelve seventeen swing I’m
gonna go ahead and hit save now
let’s go look at some opportunities and let’s
see what we have to work with
here let’s go to our charts I’ve got the SPX up
right now let’s expand this left side and
open it up and instead of having
the Dow Jones up I’m going to switch it to our
new watch list we just created
I’m reminded here I’ve got my Twitter handle
chill underscore TD a one of the
things I’m trying to do most every morning
is run a particular scan that
shows you who is moving quickly maybe I
shouldn’t say who but the stocks
they’re making some big moves first thing in the
morning it’s called my early
morning movers I’ll show that scan with you as well
I have in different Twitter
posts I’ll do another one out there this
afternoon after our class but
I’d love to have you follow me all right
love to see you there also you
might consider subscribing to our our
YouTube channels all right so
that you can get the latest greatest information
of which some of it I’ll share
with you and here and in just a few moments all
right let’s go grab that watch
list it’s you know Mike one of my personals
and let’s see I think I named it
1217 swing alright there it is let those
results come up as you know I do
have some calculations over here for a one
month and three months returns
or percent change is probably a better way
to say that those come from a
think script that Ken Rose wrote it’s very handy
and some of my classes I’ll show
that with you ken is very good at sharing his
Fink scripts as well if you’re
interested in learning more about think
scripts ken does that class let
me think here real quickly I need to look it up it
is on Tuesday afternoons and it
is at 5:30 Eastern Time all right so today
you’d be able to catch that now
again I looked through some of these particular
ticker symbols so I’m going to
sort these alphabetically and we’re going
to go through some of them for
some potential entries that we could set up and
we’re going to go through the
steps of what is the signal that we’re seeing
maybe we don’t see the signal
yet what is the target price what is the exit
price figure all of that out
before we put the trade in all right first one
we’re gonna take a look at it’s
kind of a funny one I shouldn’t say funny
it comes up here KOD and I’m
just going to highlight it because on these
thinks scripts what I want you
to notice you know one month it’s up almost
200% in three months it’s up
almost 300% so that’s why I say kind of funny
very unusual to have that kind
of activity on a stock but something happened
it’s exploding I wouldn’t have
looked at the news on December 2nd because
that’s when we got this first
big candle and the news that I found with this
stock Kodiak Sciences is they
were going to issue some more shares I don’t know if
there was more that was
announced than just that but apparently that was one
of their announcements alright
so you can see the stock was just kind of
going along sideways sideways
and I’ve drawn in here essentially the flagpole
right starts with the first
bullish candle heading up in a steep move so
we’ve got one two three four
candles and I’m going to race this line here because I
want you to see what it shows us
here so I select on trendline I’m going to
start at the bottom of this
candle then I’m gonna run up to the peak up
there at 74 74 50 so this is
telling us that during that run that quick run the
stock is up a hundred and
seventy four percent which is about forty seven points all
right pretty huge move after
such a move we might expect some sort of
consolidation now this one was
more on what we call a penance which is kind of a
triangle as opposed to a flag
that goes flat or a flag that pulls back like this
and so what we’re seeing here
today is we saw some consolidation it hits the
top it hits the bottom and it
kind of bounces back and forth through there
until the stock breaks out
typically you want that to happen before either
these two lines the support or
the resistance cross each other all
right it’s a much stronger break
out if it does that now on this particular
one the initial target would be
what well the price of the stocks is
69 70 the high point is 74 50 so
that would be the first target the second
target could be the length of
this flagpole now I’m going to admit that is an
incredibly aggressive flagpole
all right but let’s activate it let’s go ahead and
duplicate the drawing let’s come and put it on oh it
didn’t stay let’s try it again
let’s activate this one again try to get it to
stick like glue ah doesn’t want
to maybe I have to scrunch this a little
bit more to have that work out
let’s try it one more time
ah there we go it’s gonna make it this time all
right if I put my mouse on here
at scene maybe a target up to 115 now you I
look at that and go 115 it’s
only at 69 all right well that target is not
meant to be achieved as quickly
as say what the flagpole is it’s just a
potential target and you might
say you’re happy with half the target you’re happy with 1/3
of such an aggressive target or
you may say be very is gonna say continually
move up your stop-loss if it
starts making big moves like we saw back here at
the first part of December
that’s what you might decide to do or a trader could
do all right for this particular
let’s look at some of the details here that we
need and I am going to just kind
of move some of this out of the way so we
have some place to write down
some notes here first of all where could the
stop-loss go all right this is a pendant and
typically a technician may look
at this as resistance but once the stock
breaks out above it what’s it
considered it’s considered support and so any
move back inside this little
triangle is going to nullify the pattern all right so
let’s you know consider what
could be moving inside some people might go down
to this bottom support line and
say okay that’s the maximum some might say well
where’s the lowest point and go
a little bit below it it’s going to depend on
what you’re seeing here
personally looking at yesterday’s low might be a good
thing to look at here the low is
63.95 and so we could say okay if it goes a
little bit below 63.95 say we
say 63.90 back let me write that down that’s gonna be our stop the
initial target is our peak here
that’s not a bad target to go for that so I mean
it’s a smaller target than what
these candles are moving on a day-to-day basis
but in a regular type of trade
you probably wouldn’t feel so bad about a
five-point move on a $60.00
stock so let’s set this up let’s suppose you are willing
to take as far as risk goes and
that means lose it doesn’t mean invest let’s
suppose you’re willing to lose
$500 a trade all right let’s figure out how
much risk you’d have on the
table with this one knowing that would use a stop at
63 90 so let’s divide this by so
let’s take current price of the stock 69
point 38 minus our stop loss at
63 90 all right let’s go to our calculator get
that exact number and I’m going
to collapse our watch list here for a minute
all right 69 38 minus 63 90 gives us risk of 5:48 in the
trade everything in the world went
wrong with this trade the most
you would want to lose this 500 now it’s not
guaranteed to be 500 because
sometimes stocks will gap and they’ll start trading at a
price even lower than what your
trigger is and your stop-loss is but the intent
is to try to get you out very
close to that all right so if we have $500 the
risk on the trade is 548 all
right next step let’s determine let’s determine
how many shares you could buy at
5:48 of risk there’s a couple of ways we can
do this one we can say all right
I don’t want any more than $1,500 in any
position they’re not 1,500 say
$10,000 in a position our account we’re
working with here in kind of how
I’ve divided up my paper account we have about 150
thousand dollars in this
portfolio somebody might not feel comfortable at 15,000
so might say 10,000 some might
say half of that let’s suppose it’s 7,500 okay
you don’t want more than 7,500
going into any single stock trade so it would
say 7,500 divided by 5 48 let’s
see what that equals let’s clear this out of
the memory so 7,500 divided by 5
48 says that doesn’t look quite right to
me here because this is really our risk
per share this is our wrist
portfolio risk let me come back here this this
is actually an extra step which
I might have been confusing you let’s take 500 divide it by 5 48
all right that should give us
our number of shares here regardless of how
much we want to put into a
position and we know we don’t want to exceed to say
$7,500 so let’s go 500 divided
by by 48 okay that says we could buy 91
shares let’s go ahead and write
that down and typically people round down
rather than rounding up although
it’s tempting I know to round up but you want to
keep your risk consistent all
right on every trade you do keep your risk
consistent all right that says
we could buy 91 shares and if we took 91 shares
times the current price 69 40
which is pretty close to what we were using
times let’s get back in here 69
point four would be spending six thousand three
fifteen all right is sixty three
hundred less than 7500 yes it is so that tells you
okay I’m not exceeding my
boundaries with how many shares we could buy so
let’s go do it we’re gonna buy I
forgot to write the number down here is it 69 shares
no it’s 91 shares okay let’s go to the trade tab let’s
get rid of that let’s come up
here to our stock hmm
this bit our spread is a lot
wider right now than it was when I looked at
it earlier 40 cents by 66 cents
that’s about a $26 spread volume today
is about three hundred and
twenty nine thousand not sure something’s going on
right now to have such a wide
bid-ask spread so what somebody might decide to
do as they might decide to say
you wanted to be still trading at a
particular price maybe like the
midpoint price to try to get in without
it whacking you so much as a
whiter bid-ask spread like I said when I looked
at this one earlier it was much
tighter than that but what I had will do a
right mouse-click will say by
custom we’re gonna use an O Co bracket some
people call that just a bracket
trade and the intent is here to have a target
and to have a stop so we will
have here well let’s we said we could do 91
units without exceeding our risk
so let’s lock that up target one and the
middle one should be your target
is going to be we could have it be seventy four
fifty we could have half the
shares go and lock in a profit at seventy four
fifty or we could use this
bigger target or even less than that bigger
target because it is so enormous
what if we said something to the effect of
let’s get out at half of them at
the 7450 target and actually I’m
complicating this too much let’s
get out of all of it that’s 7450 targets I do want to
use some more examples here so
about seventy four fifty and we’ll make this
good till cancelled we’ll make
this stop-loss good till cancelled we determine the
stop loss could go at sixty
sixty three ninety I think I missed
something there sixty three
point nine zero there we go remember if it hits that price
or lower it’ll trigger a market
order that’s supposed to get you out quickly
but it doesn’t guarantee you a
sixty three ninety price so just keep that
in mind let’s go ahead and hit
confirm and send review it notice if there’s any
transaction fees and then go
ahead and hit send I take that back I did
not adjust this here for a midpoint price this
is telling us a midpoint price
could be in the neighborhood of 69 45
because the spreads so white
let’s attempt to get in at that midpoint price and it
looks like it filled us at 69 42
all right so a little bit better price all
right that was one extreme kind
of example here another one that I want to show
you is from our list BBBY that
Bath & Beyond maybe you’ve been in one of
these stores maybe they have
them around you they have bottom down here the
price of the stock is trading
significantly lower than it was oh four or five
years ago alright but looks like
you’ve found a bottom here it’s making higher
highs and higher lows well
what’s going on today that has a nice little breakout
here doesn’t it it’s more
conclusive now how do you measure to determine what
target you maybe could use in
this scenario I want you to give that some
thought for a moment all right
what do you think well you could look at the lines how
are the lines shaping up you
could say well let’s use a channel and we might
see if our channel draw for us
and maybe kind of hitting some bottoms there
and then oh it disappeared darn
it I’ll try not to go out so far now you might
look at that and go oh man it is
making the full move of this small channel right
now and you might think oh maybe
that’s not a good idea well let’s look at a
couple of other things as we
analyze this I’m going to remove this one what if
we look at the idea here that
maybe it’s breaking through
some resistance here right
around 15 15.75 ish or so what was the
previous low point okay here was
a low point here here was a lower point here we
could look and see if there’s
some consistency here but one thing that you
might notice is that besides the
fact that I’m having a hard time getting my lines to
draw is you might say you know
it for a period of time broke out here on the
26th of November and we might
look at the height of this what’s a rectangle now
it’s broken well through it but
what could be expected here let’s go ahead and
say let’s measure this trendline
let’s measure the height of this
pattern very similar to how we
measured the height make them over here okay let me
switch this down a little bit
let’s see if it’ll be nicer to me all right
this is saying it’s about twelve
point nine six percent so almost thirteen
percent a little bit more than a
two dollar move on this low price stop all right
we’re looking for a two dollar
stock and that was a twelve percent plus move
that’s a pretty healthy move for
a swing right we’re looking to just look for
some momentum whether it’s a
balance whether it’s a breakout and what we’re
seeing here let’s duplicate this
drawing let’s activate it yeah let’s grab it and let’s put
it right here where the breakout
zone it’s alright now I’m gonna let’s zoom
in here well that was ugly I’m just
gonna put in another ticker
symbol here and get it to reset itself there we go
so it looks like the potential
target based on the height of this
rectangle is a does 1792 well 1792 and right now it’s at
sixteen seventy nine you might
think that’s not that big of a target and
sometimes people will want to
make sure that they are risking a dollar to make two
dollars some people might say
well if as long as I’m cutting my losses short and
not giving it a lot of leeway
they may consider doing that so we could
do this we could say it’s up
already ten point seven percent today some people
might say let it retest stick an
alert here and do that or some people may
say let’s get filled at the
lowest price of the day many times when stocks have
busted out they pull back and
that’s what we’re seeing going on right now with a
Bath and Beyond is that it’s
pulled back off that 1715 high so as far as
setting everything up target
let’s use this target here 1792 and the stop
some people might say you know
what if it breaks back down underneath the
1575 and not giving it a lot of
leeway they want to be out okay so let’s go
fifteen seventy four the stop
all right let’s go calculate some risk in here and
again remember if you have
questions pipe up and ask me alright again we’re
going to say okay what is the
price of the stock what is the risk on the trade so
take the price of the stock – or stop-loss 16.8 e – fifteen point
seven T is what ninety cents or
a dollar ten now I’m let’s see sixteen eighty
yeah buck ten that’s gonna be
the risk on the trade itself and if we’re
willing to risk five hundred
dollars in any trade they’re $7,500 actually I’ve got
to keep that in mind but let’s
go look at here for willing to risk it out
amount or we want that that’s
not how much we’re rolling to risk
we’re only willing to risk five
hundred that’s how much we’re willing to
spend so let’s do our risk part
here first we’ll say five hundred divided
by a dollar ten let’s go to our
calculator let it help us out so five
hundred divided by a dollar ten
says perhaps don’t buy more than four hundred
and fifty four four fifty four
there we go now what if we buy all four
hundred and fifty four shares
how much are we spending will go calculate that
if it’s more than seventy five
hundred dollars we want to back that off all
right so let’s let’s do that
next step so 454 times current price of the stock
16 I know that’s bouncing around
there a little bit 83 says would spend
seven thousand six forty now
that’s a little over our seventy five hundred
it’s not a ton over but it is
over all right and if we’re gonna follow some rules
and keep things straight and be
really judicious and are applying the rules to
every trade we want to say let’s
do it by the book alright so by the book we
don’t want to spend too much so
let’s put in here let’s put in our seventy
five hundred we’re going to
divide that by the price of this
dock 16 points 81 and this says
a few less shares right 446 shares so
let’s go do it go to the trade
tab or actually we can do it from here do a right
mouse-click do by custom with
OCO bracket yeah we’ll do a couple
of special things here 446 is
the number of shares we already just
calculated we did not want to go
above and so those are all matched up price of the
stock right now is saying 1728
well it shouldn’t be saying subroutine 28 if the
price of the stock is trading at
sixteen point 82 let’s go over here and look and
see the bid-ask spread 1682 1683
it put in an artificially high number so
watch for that okay because we
don’t necessarily want to pay a higher price when
we don’t need to so let’s put
this in at 1683 another way we could have done
this is I could have clicked on
the lock to unlock the price and let it flood in
with the current numbers all
right taarna we said in this case is
oh it does and has our target on
there almost 1792 so let’s just come up here
to 1792 and then our stop-loss
it doesn’t know we’re gonna put it in it’s
actually fairly close but don’t
trust what it puts in there you put the number
that you calculate stopped at
1750 and of course we’re gonna make both of
these good till cancelled now
what if well let me go back here our order type
is a first cancel or first
trigger OCOthe buy order has to go in or both
of these sell orders won’t be
out there if it doesn’t fill today that’s all
right what if you were going off
today and you were gonna go do some Christmas
shopping after all you want to
get my present right you want to be early and
I’m just kidding but let’s
suppose you weren’t gonna sit here and watch it till
the market closes all right and
an hour and a half one thing you could do is
we could click on the Buy and we
could say submit this order at all right
we’ll put today’s date and if
you wanted you could put a time in here for example
if you wanted it to be say 15
minutes before the market closes so you’d say
13 4500 okay it’s it’s military
time always remember that all right
it’s not an AMM p.m. that a
military time and you could say submit the order at
that time and if it’s and that
this is the most you’re willing to pay like I
said many times as we get to the
close of the day some stocks will pull back a
little bit from their high
prices we’ve already seen this happen a little bit
with this stock all right let’s
go ahead and save it we are saying go ahead and
put it in as a limit order we
could if we wanted to have it do it as a as a
market order but then you can’t
control the price and you might not have made such a
big move today you might not
want to exceed the 1683 let’s go ahead and it save
let’s go over here and confirm
and send the order in just pay attention to it see
if there’s any transaction fees
you need to pay attention to and let’s put
this in our trading stocks and
options class hit Send and off we go
all right today we used a couple
of examples that are stock trades
we didn’t do any option trades
next week we’re going to incorporate the idea of
maybe if you are an options
trader how you would take these same ideas
these same entry points that we
see on stocks and do some option trades on them
all right that’s where we’re
gonna pick up next week now
what would I want you to do
today as you put your feet up and relax and
look through your watch list
well what I’d want you to do is come over here
and just kind of go through the
same process that we’ve talked about a little
bit today finding an entry
signal something that where you pull the trigger
as well as setting up a target
setting up a stop-loss everything is all
planned out before you go over
to the trade tab and put those variables in for the
trade all right that’s what I
would want you to do some of you the first step might
be identifying support
resistance so you can set up those targets and
limits now and there’s a couple
of other classes that fit nicely with what we’ve
talked today swing trading John
McNichol did a class this morning he does every
Tuesday morning at 9:30 eastern
time called swing trading our very topic
hopefully his class will be
posted very shortly here and you can go out to the
archives and view it then we
have Wednesday at 4:00 o’clock Eastern Time James
Boyd teaches directional option
strategies now in our case today we use
stocks we didn’t use options but
we very well could have used options and next
week we will take it to that
level where we’re using options all right
let’s come back over here to our
slides considerations for swing trading
probably the one I want to
emphasize the most timing entries and exits
can be challenging especially
those exit points all right
there’s things that happen in
the market that maybe take it away from
getting to that target that you
so wanted it to hit but it’s really out of your
control and so you just have to
watch them closely ok the theoretical nature of
which the target is saying it
could go to might not get there okay it just
really might not all right so
just to summarize what we learned we really focused on
this one determine potential
entry signals targets and initial stop losses
all right of course using the thinkorswim now coming up next
we’ve got Cameron mate with his
traitor stalks question and answers if you have
questions maybe about anything
that we talked about today or things
that are on your mind okay
whether it have to be with the platform whether it
have to be a concept of a
particular strategy that’s the place to go to get
your question answered and he’s
going to start here at the top of the
hour I just need to remind you
that in order to demonstrate functionality of the
platform we need to use actual
symbols but TD Ameritrade does not give
recommendations or determine
suitability of any security or strategy for
individual traders you need to
make your own decisions in your
self-directed accounts and
you’re responsible for those decisions all right I’ve
told you what’s coming up here
next week rich are you joining me here today for
our webcast on swing trades
we’ll see you next week at the same time
bye-bye you

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