Stock swing trading strategies transcript 1. Title slide 2. Good day fellow traders, this is Roger Scott from market geeks and today I have another swing trading video tutorial for you. Today I will show you the 1-2-3 bounce strategy. But before I begin I want to remind you to subscribe to our channel for swing trading videos and trading tips. 3. Ok, let’s talk about the 1-2-3 bounce strategy. After the last trading video I received several requests that I do another tutorial showing some simple stock swing trading strategies that beginners can apply to the stock market immediately. Well the timing couldn’t be better What I can offer you is a few simple stock swing trading strategies that do a wonderful job of locating short term market peaks. I will show you the first one today and next week will show you the second one. 4. These two stock swing trading strategies are not the Holy Grail and both use stop loss orders and profit targets so that if and when the market goes against your position you will be protected.
5. The first strategy is called the 1-2-3 bounce and it works well with stocks, index futures and commodities as well. Before I give you the rules and show you some examples of the 1-2-3 Bounce strategy I want to remind you that this is a chart pattern so there is some degree of subjective analysis involved. Unlike technical indicators that are based on mathematics, chart analysis involves visually looking at the chart. 6. Find Stocks that are trading above 50 day high. (point 1) Monitor Stocks and wait for a pullback down (point 2) Stock must rally within 15 trading days and come close to matching the high price (point 3) Sell 2 ticks below (point 2) Place protective stop (buy stop) 2 ticks above (point 1) Profit target is 4 times your risk level 7. I will show you a few demonstrations so you get a real good idea of how the 1-23 bounce looks like when it’s setting up. 8. Show all slides 9. I tend to utilize this strategy with low volatility stocks. I find that since markets drop so much faster than they rise, I can use the lack of volatility to make tighter stop loss levels. 10. Remember protection of your capital should be your first priority when learning new stock swing trading strategies.
11. That’s it for today’s video tutorial, please visit marketgeeks.com for your free swing trading report and don’t forget to subscribe to our channel for more swing trading videos and trading tips. This is Roger Scott wishing you all the best from market geeks. http://www.marketgeeks.com/stock-swing-trading-strategies/