#SwingTradingStrategy Stop losses are crucial for risk management: for long positions, stops are usually placed below swing lows (since breaking a swing low could signal a trend reversal), while for short positions, stops are placed above swing highs.
Technical indicators can be combined to identify trading opportunities - moving averages can help determine the overall trend, while momentum indicators such as the relative strength index (RSI) or stochastic can assist in timing entry and exit points within that trend.
Although swing trades are often described as lasting a few days to weeks, the basic principle of trading shorter movements within a longer-term trend can apply to different time frames.