Swing Trades Guide for Premium Stock Picks
The purpose of the Weekly Swing Trades service, which is focused on premium Stock Picks, is to provide the short term investor and ultra short term investors a variety of stocks for swing trading online that have a profit potential for short term investors and investors, Long or Short over a period up to a one week time period.
The Swing Trades service, which is focused on premium stock picks, was designed for ease of use by Subscribing Members who may be short term investors or investors. When a Subscribing Member or short term investors logs into the Members Area for the Swing Trades services, they will find up to five or more swing trading stock picks. We will also provide a short analysis for stock picks as well as, the recommended position of either Long or Short for the stock picks posted. Due to overall market momentum and direction as well as news that adversely affects original potential direction (potential buy or potential short) of a stock posted for a trading session, potential trade direction may change at our discretion. [Example: XYZ stock - potential buy; news out on the stock creates a move to the short side thus, watching for short on XYZ stock will appear on the dashboard instead of watching to buy.] When we post the entry price for the stock picks, we will also include the time the sale passed through the market. In addition, subscribing members and short term investors will see a potential 1st Target price, potential 2nd Target price, potential 3rd Target price for the Weekly Swing Trades stock picks service, potential Stop Loss price and our exit price when the exit price has been reached, for the stock picks.
The 1st Target price noted is our First Target Profit Goal for the swing trading stock picks. The 2nd Target price is our Second Target Profit Goal for the swing trading stock picks. For the Weekly Swing Trades service, the 3rd Target price is our Third Target Profit Goal for the swing trading stock picks. The Exit Price for each Swing Trades stock pick shall be either the 1st Target, 2nd Target, 3rd Target price for the Weekly Swing Trades stock picks service. Stop Loss or the final trading price also known as the End of Day (EOD) trading price during the regular market session, for the stock picks. Regardless of the Target posted for the stocks picks and Stop Loss provided for the stock picks; entries, exits, profits and/or losses remain the sole responsibility of each individual Subscribing Member and short term investor, on all listed stock picks. Subscribing Members, short term investors and investors should continue to decide upon their own entries and exits on any positions taken depending upon their personal trading strategy as well as their individual risk tolerance.
For Subscribers, short term investors and investors convenience, Weekly Swing Trades in the Members Area automatically refresh to allow Members the opportunity to see when entries for stock picks are posted. On the Members Area we will include our entry price, Target profits and Stop Loss for stock picks. Please view the Performance Tracking page.
Swing Trades Service - Miscellaneous Trading Information
Number of Shares to Trade on Posted Stock Picks for Short Term Investors
While this remains entirely up to each individual trader or short term investors, it is generally dependant upon the amount of trading capital available; risk tolerance for the individual swing trader or short term investors; the share/contract/lot price plus, the individual swing traders experience in trading or day trading.
Entering and Exiting Stock Picks Position
We DO NOT recommend any swing trader, short term investor or investor use a Market Order to ENTER any position or our stock picks, although the final decision is up to the individual trader. Entry price is a very critical stage in swing trading and EMOTIONS must be controlled. NEVER chase a trade to enter a position, for any of our stock picks. When the Stock market is moving fast in one direction or the other, short term investors and investors could be entering when it’s done with its run; this is part of CONTROL. We recommend once a position in stock picks is entered, you load your EXIT, sell or buy to cover price on your online brokerage data feed. Be prepared to EXIT the position of stock picks when you feel it is time. We recommend swing traders or short term investors sell or cover stock picks positions into the run, not when their done! Swing Traders and short term investors must make the decision on the amount of profit and/or loss you are comfortable with, on swing trade stock picks.
When you want to EXIT a position in fast moving swing trade stock picks, swing traders and short term investors may wish to consider using a Market Order at that time, if they so desire, although the final decision is up to the swing traders or short term investors. You the day trader, swing trader and short term investors must decide when to EXIT a position for stock picks. Remember, in swing trading, there is no room for Greed! Many swing traders use Trailing STOPS to EXIT a position for stock picks; contact your Broker for complete details and availability.
Traders, swing traders and short term investors should have an online brokerage account that provides Direct Access Trading for swing trading stock picks. You should have a complete Trading setup with Real Time Data NOT DELAYED, Level II, Level I, One Minute Charts, Quote List for your stock watch list plus, point & click execution. Having a reliable brokerage account cannot be undermined. You cannot have your online broker crash while you are in a trade, when you are trying to open a stock pick position, when you need to EXIT stock picks positions or you are unable to reach your broker by phone immediately. Time is of the essence when trading or swing trading stock picks. The Stock market can move incredibly fast in certain market conditions and you the swing trader need to have the best brokerage support available. A few dollars saved in commissions could possibly cost you a great deal more because you are unable to connect to your broker online and/or unable to reach them by phone.
Number of Shares to Trade
We highly recommend the best ISP possible. Traders, swing traders and short term investors need top knotch, customer oriented, reliability and your ISP is your bloodline when you are swing trading stock picks online. It is also recommended that swing traders consider having a backup ISP in the event one Internet Connection goes down; you have something to fall back on. Check local availability.
Swing trading stock picks is not for everyone. Swing trading stock picks is not a get rich quick scheme. It takes a lot of hard work, DEDICATION, CONTROL and DISCIPLINE. Swing trading stock picks is a business and if you learn to run it properly, it can be very good to you.
Swing traders and short term investors must build CONFIDENCE in them self and their individual swing trading style of premium stock picks. Develop your own individual swing trading strategy and at no time should you attempt to duplicate the performance of any of the services we offer or that of any other swing trader or short term investors. If you the swing trader or short term investors find you’re in a trend of making good swing trades of stock picks, analyze what you have been doing that is working for you. The very same analysis must be done if you’re in a trend of not making good swing trades of stock picks. What are you doing that is not working? Remember the good swing trades you make and what you did to make them work for you. Remember the bad swing trades and FOCUS on not repeating what you did to lose on the swing trade; CONTROL and DISCIPLINE are required to assist you with this issue. For further assistance on your personal training, view the Training Programs that we offer for Stocks, Futures and Forex.
If you decide to become an investor in stock picks, do so by choice and not because you didn't take your stop.
AVERAGING DOWN is not something we recommend for our stock picks, although this remains the swing traders final decision on stock picks. When swing traders or short term investors average down on stock picks, more frequent than not, they only add to an already losing position. You could be tying up valuable capital that may assist you in making potentially profitable, swing trade stock picks.
CONTROL your swing trading stock picks; NEVER let your swing trading stock picks control you or your swing trading capital! DISCIPLINE is a key factor to the success of a swing trader. With no DISCIPLINE or no CONTROL, swing traders or short term investors can be out of the swing trading business in a very short period of time.
EMOTIONS have no place in swing trading stock picks. Regardless of whether you are in a winning position or have to take a STOP LOSS, emotions can wreak havoc in your swing trading strategy. Emotions can be a major contributing factor to you losing CONTROL and not maintaining your swing trading stock picks DISCIPLINE you have developed! Successful swing trade management for all stock picks, needs your utmost and undivided attention; when you are under stress for what ever reason, you will find that your emotions stand in the way of regaining your swing trading control.
Swing traders and short term investors should focus on their own individual entries, exits, profits, losses and stops for stock picks they swing trade. Swing traders and short term investors should not attempt to duplicate the performance of Millennium-Traders or other swing traders, period.