Swing trading is a strategy that looks to take advantage of the movement of stocks in the short-term. Many, if not all, stocks move in small bursts that may last 1-10 days, the returns that you might achieve within the bursts have to do a lot with the current market environment. Swing traders look to take advantage of that by shooting for smaller gains, cutting losses quicker, and repeating this over and over again. Consistent smaller profits can compound into excellent annual returns. By smaller gains, I mean 5-15% within the burst.
One of the best ways to look for swing trades is to focus on the best-performing stocks year to date, most of the names will be foreign names to you, but those are usually the ones that give you the highest percentage returns in the short-term. The video below is an old but in my opinion, an excellent video that gives you a good breakdown on how to look for swing trades. You are basically looking for stocks with momentum that are experiencing some sort of consolidation, $ROKU is a recent example of a swing trade that we took advantage of.
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I think this video is worth its weight in gold.
Following the above concept, $TSLA and $PETS are two possible swing ideas for tomorrow 10/31/2019 IF AND ONLY IF THEY CAN GET THROUGH TODAY’S HIGHS (318.79, 25.49).
You can find Stocks Before They Breakout Here https://bit.ly/2Cuh784 and Here https://bit.ly/2JZ3JNR
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