swing trading for beginners


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Important Swing Trading Tips For Beginners

By Roger Scott


Watched Several Traders

Pattern Developed

Traders Made Same Mistakes

Repeatedly…….


Correlation Rules Were Not Followed

Correlation Is High Between Related Stocks

Correlation Is High Between Related ETF’s


Look At Two Related Stocks Don’t Trade Them At Same Time


They Have Correlation Of 90 Percent They are totally separate and companies


High Correlations Will Double Your Risk

Diversifying Portfolio By Trading Highly Correlated Markets

= Doubling Position and Increasing Risk


I Made The Same Mistake

Started Trading Highly Correlated Technology Stocks

= Correlation was above 80 percent

I thought I was diversifying

Trade Unrelated Stocks and ETF’s


Second Biggest Mistake

Using Too Many Indicators

Beginners Are Fascinated With Indicators

Too Many Indicators Will Confuse You


My Advice

Stick To Basic Indicators

Develop Solid Plan

Become Profitable With Simple Tools


Indicators Cannot Predict Future

Use Basic Principles

Don’t Overcomplicate Market Analysis

Look At Big Picture


Is Market Range Bound Or Trending?

The First Thing To Do Is To Determine Current Market Environment

Watch Our Video Titled – Range Bound Or

Trending

On

Market Geeks Channel on YouTube


If The Market Is Trending Apply A Moving Average


If The Market Is Range Bound Apply An RSI Oscillator Or Trend Lines


Don’t Make Common Mistakes

Avoid Common Traps & Protect Your Capital


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Roger Scott

Senior Trainer

Wishing You All The Best

www.MarketGeeks.com

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swing trading for beginners

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