Now lets put everything together into a swing trading strategy. This youtube plan is for discretionary traders. Your success will depend on swing well you use your discretion! After you understand the concepts, then modify this trading strategy into a strategy strategy your own. Feel free to change things around a little. Maybe you want to add some other kind of technical indicator. Or, maybe you would like to incorporate some fundamentals into the mix. Whatever you decide, make it your own. You will be far more successful with a trading strategy that YOU designrather than just blindly following someone else's plan! Ok, lets get started with our trading strategy. We will begin by preparing for the week ahead. On Sunday mornings, I get up early, grab a cup of coffee and head strategy the computer to get ready for the trading week ahead. I am wanting to know what types of trades I will be focusing on for the upcoming week long or short. This part is easy. Using our market timing strategywe look at the moving averages to determine if we will be biased to the long or trading side of the market. Remember that staying in cash having no positions and out of the market is a strategy. You do not have to trade! Once we find out what type of trading we will be doing, it's a good idea to get a feel for what will likely affect the market for the week ahead. These are some of the things I look at:. I look at the economic calendar to youtube what types of reports are coming out that could swing the market. I also look at charts for all the major industry groups to see which ones are strong, which are weak, and which ones have potential to make major moves. Have a notebook handy next to your computer to jot down ideas about the upcoming week. When you are trading you will forget about your weekend research! Having you notes next to you will come in handy. Now we will run our scans to find some potential trades. Remember that we are looking for stocks that have pulled back into the Traders Action Zone. Here is an example:. Sift through your scan results and find the ones that show these specific characteristics. Add these to your watch list. Go through the example trades on this page to get a better idea of what you should be looking for on a stock chart. Once that happens, then run through your watch youtube to find potential trades. It may be that the scan that you ran on Sunday will not offer any good setups, so run your scan again to look for trades using the same criteria as outlined above. Now you are looking for a specific entry into a stock using candlestick patterns. Before you trade a stock, check to make sure that the company is not about to release their earnings report. Otherwise, this could happen to you:. A stop loss order will not protect you against an overnight gap like this! Do you think that you can predict ahead of time whether or not the earnings release will be a good trading a bad one? That is not trading - it's gambling. You can lose a lot of money buying or shorting a stock right before an earnings release. You can easily check to see when a stock is about to release their earnings report by using MSN Money's earnings swing. Here is a screen shot:. Just type in the ticker symbol and it will show you the date of the next earnings report. Now, once you are in a trade, forget about the market, forget about the news, and forget about opinions! Use your exit strategy to either take profits strategy losses. If you have managed your money correctly, then you should have small losses and by trailing stops your profits will cover these and more! The success of this trading strategy relies on your discretion to find good stocks to trade and how well you manage your money. While I cannot guarantee that you will have success with this trading strategy, I will guarantee that some of these concepts will improve your success as a swing trader. This is one of the best swing trading courses available. Swing Trader Guide - This is a home study course that teaches you how to trade stocks from full-time swing trader Swing Brown. Looking for the best stocks to trade? Here is a list of the best scanning and charting services available today. Click a button and this software program tells you what stocks have historically been winning trades during the current month. It also tells you exactly what day to buy and what day to sell to make a profit. Get key events for the day, technical setups and resistance levels, sector analysis and top stocks delivered to your inbox daily. Read some articles that other traders from around strategy world have written. Then submit your own trading ideas! Looking for a software program to keep track of all your stock trades? Read this review of a powerful portfolio management program. Home Start here Beginners: Learn The Basics Intermediate: Know exactly when to get in and out trading any stock with this trading system. The Complete Swing Trading Strategy. Learn to Trade Trading Courses Trading Youtube Plan: Featured Article How to Scan For Stocks Looking trading the best stocks to trade? See my list of the top technical analysis books that I think every trader should own.