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Frequently Asked Questions

This section of our website will provide swing traders like you with the answers to frequently asked questions about MrSwing's Website. Please read the entire section before sending us an email!

19

What software do I use?
18

How do I get started with swing trading?
17

What % of your trades are correct?

16

Is there an online broker you recommend for swing traders?

15

Do you monitor all list stocks every day?
How do you pick one to play?

14

Is list good for whole week or only for a Monday play?
13

Should I read the News & Earning reports?

12

What is SHORT SELLING?

11

Is it complicated to learn how to trade the options?


10 What Software do I use?

    I use SwingTracker, my real-time software to assist me in swingtrading. It has all of the indicators I use, has a scanning engine for identifying swing opportunities and is easy to use. There is a 2-week free Trial period, so there's no reason not to try it!
    RISK-FREE TRIAL

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9 How do I get started with swing trading?

    Discipline is KING!

    1. Read good books
    2. Paper trade first
    3. Study good books
    4. 100% understanding of the master plan
    5. Get a good & cheap broker (see below)
    6. Learn to swing the QQQ
    7. Trade only the stock you like!
    8. Study good books
    9. Stick to the PLAN: Discipline is KING

    SECRETS TO GREAT RESULTS:
    CONFIDENCE - PATIENCE - FOCUS - DISCIPLINE

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8 What % of your trades are correct?

    I would say only about 55% of the trades go my way.
    But you have to realize that the majority of my profits come from the minority of trades!

    Can you make money swing trading?
    YES, we enjoy a high percentage of winning trades because the charts pattern used have been back-tested. The risk parameters are highly defined; The swing trader is an disciplined user of trading STOPS. This is only TRUE when you apply a solid trading plan, like our MASTER PLAN.

    Why does swing trading work?
    Becasue you are trading in the direction of the trend and you are always waiting to have a pullback before attermpting an entry. And you enter only if the market shows some sine of a major trend continuation!

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7 Is there an online broker you recommend for swing traders?

    YES ! We do recommend OptionsXpress

    WHY? Simply because they are good, fast, cheap & offer OTO-orders !! and offer Autotrades!

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6 Do you monitor all list stocks every day?
How do you pick one to play?

    NO ! I execute our swings scans every single day and select approx. 25 stocks i like!!

    THEN? I divide my portfolio into 15 equal pieces & the first 15 (of the 25 stop orders) that pass the swing test are traded, i.e. I only risk 6.66% on each trade.

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5 Is your list good for whole week or only for a Monday play?

    As long as the swing trailing applies!
    After at leat 3 days, but no more than 7 lower highs, look to go LONG the next day if the stock is trading 0.06$ above the previous days high. The same applies for shorts: after at leat 3 days, but no more than 7 higher lows, look to go SHORT the next day if the stock is trading 0.06$ below the previous days low.

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4 Should I read the News & Earning reports?

    Swing traders do not care about earnings/splits/news...
    Forget the News, look at the chart!!!
    You are not smart enough to know how the news will affect the price! I am cenrtanly not...
    The chart already knows the news is coming!

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3 What is SHORT SELLING?

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2 Is it complicated to learn how to trade the options?

    Yes it is not easy, but starting with good basics makes it easier...

    1
    Highly recommended



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