#波段交易策略

I. What is Swing Trading?

Swing trading is a medium-term trading strategy, with holding periods typically ranging from several days to several weeks. Traders use technical analysis (sometimes supplemented by fundamental analysis) to predict market reversal points and trend extension points, choosing appropriate times to enter and exit positions. Compared to day trading, it does not require long hours of monitoring the market and offers more proactive control than long-term holding, making it suitable for investors with some analytical skills who cannot trade all day.

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II. Core Principles of Swing Trading

1. Trend Following: Respect the Trend

• Swing traders do not open positions against the trend, usually looking for entry points only after confirming market direction.

• Use tools like “high-low swings,” “breakout retests,” and “moving average arrangements” to determine the main trend.

2. Patience to Wait for Entry Points

• Do not chase prices; wait for “pullbacks + support” or “consolidation + breakout” before entering.

• Utilize Bollinger Bands, RSI, MACD, OBV, and support/resistance to assist in observing turning points.

3. Risk Management and Stop-Loss Design

• Swing trades typically use “fixed percentage stop-loss” or “technical stop-loss” strategies.

• Stop-loss points are often set just below the “previous low (for long positions)” or “previous high (for short positions).”

III. Advantages and Disadvantages of Swing Trading

✅ Advantages:

• Great time flexibility: no need to monitor the market constantly, suitable for office workers or part-time investors.

• Stable profit potential: a successful swing trade can yield returns of 5% to 20%.

• Less likelihood of being shaken out: compared to day trading, it is less affected by short-term market fluctuations.

❌ Disadvantages:

• Requires strong technical analysis skills: must understand patterns, trends, and reversals.

• Holding risk is higher than short-term trading: if an overnight black swan event occurs, losses may be magnified.

• The market needs to exhibit volatility: during consolidation periods, it is easy to be shaken out multiple times.

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IV. Practical Case Analysis

Example: Bitcoin (BTC) Swing Trading Strategy Example (Hypothetical Chart)

1. Identify that the 4-hour candlestick forms an ascending triangle.

2. Price breaks above the upper edge of the triangle with increased volume.

3. Retest confirms support; enter a long position with a stop-loss set 2% below support.

4. Use previous high + Fibonacci target levels as profit-taking references, achieving a profit of 10%.