Swing Trading and Intraday Trading - video transcript

Swing Trading and Intraday Trading First Steps script 1. Good day traders this is Roger Scott from Market Geeks and today I have another video tutorial for you. Before I forget, please don’t forget to subscribe to our channel for video updates and free trading tips. Today’s topic is going to be swing trading and intraday trading – First Steps 2. I posted an article two week ago about the major difference between Swing Trading and Intraday Trading and got some very positive feedback. I received several emails asking me to provide some more information for those traders who are not ready to take the first step but who are ready to begin the learning process.

3. Many traders who begin and have a very good chance of ultimately becoming profitable don’t realize their full potential because they didn’t put together a short plan to help them get through the difficult parts.

4. One thing I will mention and this goes for both swing traders and day traders and I mentioned it before in my earlier video on this topic, you cannot learn how to trade without actually going through the process. The key is to learn as much so that when you do start you will in a position to make better decisions.

5. Here is what I believe is the best way to get your feet wet. If you are interested in intraday trading instead of swing trading that’s great but before you become a great day trader you have to become a great swing trader. Before you begin you need to make sure you can play the game in slow motion. Swing trading gives you this ability so I strongly suggest that the first thing you do is master swing trading before you begin thinking about day trading or intraday trading.

6. Before you start trading or even paper trading, spend a few weeks watching the markets especially during different parts of the day. First spend a few days watching the pre open and the opening bell and see how the volatility quickly rises and begins to fall off. You will hopefully start seeing patters develop.

7. Next, how the market goes into lunch time and out of lunch time and how the volume flows in and out of the market and more importantly how your indicators react to the increase and decrease in volatility. Lastly, monitor the market as it goes into the closing bell and notice how stocks that have earnings or other news announcements always react quickly as the closing bell approaches.

8. Unfortunately, there is no way to learn any of this other than by watching the markets and monitoring your indicators to see how they react to volatility and more importantly what happens when your indicators are in conflict with each other.

9. In the beginning it will all look like a bunch of numbers flashing on the screen but after a while you will start getting in tune with the market and begin to understand how each part of the day reacts differently to news and volatility.

10. Once you understand these basic steps you will be in a much better position to begin trading in real time with a much better understanding of market behavior. That’s it for today’s swing trading and intraday trading discussion.

11. That’s it for today’s video tutorial, thank you for watching and please visits us soon.

If you would like more information about our swing trading workshop please visit marketgeeks.com 12. And don’t forget to subscribe to our channel for more awesome video tutorials as well. This is roger scott wishing you all the best from market geeks http://www.marketgeeks.com/swing-trading-and-intraday-trading/