đ Swing Trading Strategy â Explained Simply in English đš
Swing Trading is a trading style where you hold any stock or crypto for 2 days to several weeks, aiming for medium profits.
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đ Key Strategies:
1. đ Identify the Trend:
Buy in an uptrend, short in a downtrend.
2. đĸ Use Support and Resistance:
Buy when the price hits support and sell when it hits resistance.
3. đ Use Technical Indicators:
Determine entry and exit times using RSI, MACD, and Moving Average.
4. â Set Stop Loss:
To prevent significant losses in case of mistakes, set limits.
5. đŦ Pay Attention to News and Events:
Earnings reports, events, economic announcements â these can move the prices.
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đ¯ Goal: Small profits taken repeatedly â staying consistently profitable.
â ī¸ Remember: Swing Trading requires more focus in a short time, so discipline and patience are essential.