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| Name | How to Make $250/PER DAY SWING TRADING STOCKS 2024 | EASY STRATEGY |
| Video Uploader | Video From Carter Farr |
| Upload Date | This Video Uploaded At 11-06-2024 13:59:16 |
| Video Discription | Swing trading can be a lucrative endeavor, but it requires a solid strategy, discipline, and a good understanding of the market. Here's a simple strategy that could potentially help you make $250 per day swing trading stocks in 2024. Keep in mind that no strategy guarantees profits, and all trading involves risk. ### 1. **Choose the Right Stocks** **Criteria for Stock Selection:** - **Liquidity:** Ensure the stocks have high trading volumes, which makes it easier to enter and exit positions. - **Volatility:** Look for stocks with enough price movement to offer opportunities for profit. - **Market Trends:** Choose stocks that are trending upwards or downwards. Avoid sideways markets. ### 2. **Use Technical Analysis** **Key Indicators:** - **Moving Averages (MA):** Use a combination of short-term (e.g., 10-day) and long-term (e.g., 50-day) moving averages to identify trends. - **Relative Strength Index (RSI):** Helps determine overbought or oversold conditions. - **MACD (Moving Average Convergence Divergence):** Can signal buy and sell opportunities based on the convergence or divergence of moving averages. ### 3. **Set Entry and Exit Points** **Entry Points:** - **Breakouts:** Buy when the stock price breaks above a significant resistance level. - **Pullbacks:** Buy when the stock price pulls back to a support level within an uptrend. **Exit Points:** - **Profit Targets:** Set realistic profit targets (e.g., 2-3% gain per trade). - **Stop Losses:** Use stop-loss orders to limit potential losses (e.g., 1-2% below entry price). ### 4. **Risk Management** **Position Sizing:** - Only risk a small percentage of your capital on each trade (e.g., 1-2%). **Diversification:** - Spread your investments across different stocks and sectors to reduce risk. ### 5. **Monitor and Adjust** **Regular Review:** - Continuously monitor your trades and adjust your strategy based on performance and market conditions. ### Example Strategy 1. **Stock Screening:** Use a stock screener to find stocks with high liquidity and volatility. 2. **Technical Analysis:** Apply moving averages, RSI, and MACD to shortlist stocks with clear trends. 3. **Entry Point:** Buy when the stock price breaks above a 10-day moving average, provided the RSI is below 70 (not overbought). 4. **Exit Point:** Set a target to sell when the stock gains 3%, and place a stop-loss at 1% below the purchase price. 5. **Trade Size:** If your capital is $10,000, risk 1% per trade ($100). To make $250 per day, aim for at least 3 successful trades with a 3% gain each. ### Practical Example 1. **Stock:** XYZ Corp 2. **Current Price:** $50 3. **Entry Point:** Buy at $50.50 (breakout point) 4. **Exit Point:** Sell at $52 (3% target) 5. **Stop Loss:** $49.50 (1% below purchase price) 6. **Trade Size:** $1,000 (20 shares) - **Profit per Trade:** 20 shares * ($52 - $50.50) = $30 - **Daily Target:** 9 trades ($30 each) = $270 ### Tools and Resources - **Trading Platforms:** Use reliable trading platforms like E*TRADE, TD Ameritrade, or Robinhood. - **Stock Screeners:** Finviz, StockFetcher, or TradingView. - **Charting Software:** TradingView, MetaStock, or Thinkorswim. ### Final Thoughts Swing trading requires practice, patience, and continuous learning. Backtest your strategy and refine it based on performance. Keep emotions in check and stick to your plan. Remember, past performance is not indicative of future results, and always be prepared for market uncertainties. Follow us on: 📱 Instagram: https://www.instagram.com/investingwithcarter/ 📈SWING TRADING MASTERCLASS COURSE📈- https://www.swingtradingmasterclass.com/ USE CODE "GME" FOR 50% OFF 📈1 ON 1 TRADING COACH📈 https://swingtradingmasterclass.com/p/swing-trading-coaching 📖SWING TRADING E-BOOK📖 https://swing-trade-masterclass-winning-strategies.teachable.com/p/my-downloadable-526262 📖SWING TRADING Journal📖 https://www.amazon.com/dp/B0CXY4MCMY?psc=1&ref=ppx_yo2ov_dt_b_product_details GET 15 FREE STOCK HERE! MOOMOO BEST STOCK BROKER! https://up.moomoo.com/invite?code=50684d5567686b6566454c635672456b6e414e7068513d3d |
| Category | Education |
| Tags | swing trading | swing trading stocks | swing trading strategies | swing trading strategy | stock market | stock trading | How to Make $250/PER DAY SWING TRADING STOCKS 2024 | Make $250/PER DAY SWING TRADING |
