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Swing Trading For Beginners Transcript (10) .pdf



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Stock Swing Trading For Beginners

1. Title Slide
2. Good Day Traders, This is Roger Scott and today we are going to
discuss some important swing trading tips for beginners.
3. These tips are based on my personal observations over the past
few months. I have recently been doing some live workshops and
witnessed consistent patterns emerging from traders who just
started transitioned from paper trading to real time swing trading.
4. The first issue I noticed is traders were ignoring correlation rules.
You have to remember that correlation is very high between
related stocks and ETF’s.
5. Look at these two charts, the first stock chart is LOGI and the
second one is CETV, you can clearly that they are trading very
close to one another.
6. Without getting into advanced topics, these stocks have a positive
correlation of about 90 percent. These are two separate
companies and are not connected in any way other than being in
a similar industry group.
7. The point is ……trading stocks that are in similar industry groups
or ETF’s in the same sectors will cause you to double your risk.
Don’t believe for a minute that you are “diversifying or spreading

your risk”, the only thing that you are doing is doubling the size of
your position.
8. I made a similar mistake when starting out trading several
technology stocks in the same direction. These stocks had a
correlation close to 80 percent and I believed that I was
diversifying by trading them simultaneously. Avoid this mistake
by trading stocks or markets that are totally unrelated to each
other.
9. The second biggest mistake that I noticed was traders were using
too many indicators. This is something that is quite common with
new traders. You want to try every tool in the box to see which
one works best.
10.

My advice is to stick to a few basic indicators till you develop

a solid understanding and become profitable and confident in
your trading abilities.
11.

Indicators are tools to help you make better decisions; they

are not magic formula’s that can predict the futures. You have to
use common sense and not overcomplicate market analysis.
12.

First determine if the markets are in a trending mode or

choppy mode, there is a video that discusses this that I have
previously put together, please refer to it for some ways to
determine the current market environment.

13.

Once you figure out the current market behavior apply

either a simple trend indicator such as a exponential moving
average
14.

Or if the markets are choppy, try using a simple oscillator

such as a RSI in combination with simple support and resistance
channel lines.
15.

Don’t make common mistakes, avoid these traps and

protect your capital.
16.

That’s it for today’s video, thank you for watching, and

please subscribe to our channel If you would like additional
information and free swing trading report, visit our website at
MarketGeeks.com
17.

This is Rogers Scott wishing you the best from everyone at

Market Geeks.


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