Simple Swing Trading Strategy for Working Professionals
What you'll learn
- Basics of charts reading
- Swing trading strategy to generate passive income by spending more than 1-2 hours per week
- Exact entry/exit levels for the strategy
- Ample real example trades from stocks, forex and cryptos
- Managing risk
Requirements
- No prior experience necessary. Everything will be covered from grounds up.
Description
In this course you'll learn a powerful swing trading strategy that requires very little time (less than 1-2 hours a week) to identify potential stocks and for trade management. I have been using this strategy on variety of securities, including stocks and cryptos, since last couple of years or so.
This is a perfect strategy for working professionals who may not get enough time to spend on chart reading and analysis but are interested in exploring trading as an option to generate passive income. Over the weekend, you can spend 30 minutes to an hour to shortlist the stocks that might be potential fit for the strategy and setup the alerts to generate trading signals. If you're in a trade, you need to just spend 5-10 minutes a day to ensure trade hasn't triggered any exit rules, which also can be automated using alerts.
You'll find that it's very logical as it's based on the fundamental principles of trends and momentum. You will likely not find this strategy elsewhere as I developed and have fine-tuned it over a long period of time.
This course has been divided into two sections.
First section covers the basics of technical analysis and chart reading relevant to this swing trading setup.
Second section covers the strategy in detail along with plenty of examples using stocks, indexes, forex and cryptocurrencies.
IMPORTANT:
If you have been trading for sometime or well versed with technical analysis then you can skip the first section and directly start the second section.
This strategy requires use of indicator-on-indicator or custom pine script, if you use TradingView. To use these features you may have to upgrade to a paid plan. However, if you can achieve the same using your existing or any other charting software for free then you can use that as well.
Disclaimer: Trading is subject to market risks. Note that trading involves risk, and past performance is not indicative of future results. Always conduct thorough research and consider your risk tolerance before implementing any trading strategy.
Who this course is for:
- Anyone who is interested in generating passive income by trading part time
- Working professionals who cannot devote more than 2-3 hours per week glued to charts
Instructor
I am NISM Certified Research Analyst and the founder of TradeCentral which is a trading journal tool to help traders record and analyze their trades for free. I write a technical analysis blog at ElliottWavesTrading, which includes analysis of stocks, cryptos and forex primarily using Elliott Waves, though I also cover other forms of technical analysis as well.
I have been trading in stocks, forex and cryptos since 6 years, though I had been trading in stocks since last 15 years on and off. Now a days, I mostly trade in cryptos and Indian stock market.