Most new swing traders start their day the wrong way: they scan hundreds of stocks looking for something exciting. I do the opposite. My entire morning routine takes about 15 minutes before the market opens, and most days it ends with me saying no to almost everything on my list. This is not financial advice. I am not a CPA or a trading advisor.
This morning in Rapid Fire I posted three swing trades. Here is exactly how I found them, so you can start to recognize the same setups on your own instead of waiting for someone to tell you.
The routine is simple. I go through my short list of main stocks, the same names every day, and ask one question about each: is it giving me an entry? For a stock to make the cut, three things have to be true at the same time. It has to be pulling back to a key moving average, which is usually the 50 EMA first, its mean reversion reading has to be in the lower quarter of its range (the green zone) that tells me the stock isnβt overbought and I have to be willing to hold the stock longer term if necessary.
If any of the pieces are missing, it is a no. And this morning, there were plenty of yeses.
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