|
The purpose of the Daily 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, Long or Short over a period of up to one day or up to a one week time period.
The Swing Trades services, which are focused on premium stock picks, were designed for ease of use by Subscribing Members. Once a Subscribing Member logs into the Members Area for the Swing Trades services, they will find up to five swing trading stock picks. We will also provide a short analysis for each stock pick as well as, the recommended position of either Long or Short. When we post the entry price for each stock pick, we will also include the time the sale passed through the market. In addition, subscribing members will see a potential 1st Target price, potential 2nd Target price, potential 3rd Target price for the Daily Swing Trades service, potential Stop Loss price and our exit price when the exit price has been reached, for each stock pick.
The 1st Target price noted is our First Target Profit Goal. The 2nd Target price is our Second Target Profit Goal. For the Daily Swing Trades service, the 3rd Target price is our Third Target Profit Goal. The Exit Price for each Swing Trades stock pick shall be either the 1st Target, 2nd Target, 3rd Target price for the Daily Swing Trades service. Stop Loss or the final trading price also known as the End of Day (EOD) trading price during the regular market session, for each stock pick. Regardless of our Target profits and Stop Loss provided; entries, exits, profits and/or losses remain the sole responsibility of each individual Subscribing Member, on any listed stock pick. Subscribing Members 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 convenience, Swing Trades in the Members Area automatically refresh to allow Members the opportunity to see when entries for each stock pick, are posted. In addition, emails are sent out to Subscribing Members after entries are posted in the Members Area, for each stock pick. On the Members Area and in the emails sent to Subscribing Members, we will also include our entry price, Target profits and Stop Loss for each stock pick.
To improve the ability for Subscribing Members to receive email notifications, you should be sure Millennium-Traders.com is in your safe recipients list of your email account. You should review our White List Us page for changes you can make to improve the ability of our emails to reach your email inbox. http://www.millennium-traders.com/whitelist.aspx We cannot be held responsible if our email does not reach your inbox. It remains the Subscribing Members sole responsibility to be sure our emails reach your inbox. If a Subscribing Members does not receive our emails, Targets and Stop Loss are viewable on the Swing Trades Members Area section, for all stock picks.
Performance Details for the Swing Trades Stock Picks
Please view the Performance Tracking page.
|
|
Miscellaneous Trading Information |
Number of Shares to Trade
While this remains entirely up to each individual trader, it is generally dependant upon the amount of trading capital available; risk tolerance for the individual trader; the share/contract/lot price plus, the individual traders experience in trading or day trading.
Entering and Exiting a Stock Picks Position
We DO NOT recommend any trader 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 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, you could be entering when it’s done with its run; this is part of CONTROL. We recommend once a position in any stock pick 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 any stock pick when you feel it is time. We recommend a trader sell or cover a position of any stock pick into the run, not when it’s done! Traders must make the decision on the amount of profit and/or loss you are comfortable with, on any swing trade.
When you want to EXIT a position in a fast moving swing trade, swing traders may wish to consider using a Market Order at that time, if they so desire, although the final decision is up to the individual trader. You the day trader must decide when to EXIT a position for any stock pick. Remember, in swing trading, there is no room for Greed! Many swing traders use Trailing STOPS to EXIT a position for any stock pick; contact your Broker for complete details and availability.
Brokerage Accounts
Traders and swing traders should have an online brokerage account that provides Direct Access Trading. 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 a stock pick position or you are unable to reach them 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. Please feel free to view our featured brokers:
Number of Shares to Trade
We highly recommend the best ISP possible. Traders and swing traders need top knotch, customer oriented, reliability and your ISP is your bloodline when you are swing trading 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 is not for everyone. Swing trading 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 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. If you the swing trader find you’re in a trend of making good swing trades, 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. 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.
Prior to making a decision to hold any position over night, you should consider appropriating a specific amount of your swing trading capital in your swing trading account that is to be specifically utilized for stock pick investments. If you decide to become an investor in any stock pick, do so by choice and not because you didn't take your stop.
AVERAGING DOWN is not something we recommend, although this remains the swing traders final decision on any stock pick. When a swing trader does average down on a stock pick, 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 another potentially profitable, swing trade stock pick.
CONTROL your trades; NEVER let your trades 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, a swing trader can be out of the swing trading business in a very short period of time.
EMOTIONS have no place in swing trading. 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.
Each swing trader should focus on their own individual entries, exits, profits, losses and stops for any stock pick they swing trade. Swing traders should not attempt to duplicate the performance of Millennium-Traders or other swing traders, period. | 
