How to Swing Trade Stocks in Your Spare...

With Trader Tim of EminiMind.com

How to Swing Trade Stocks in Your Spare Time Trading Tactics for the Part-Time Trader

Disclaimer

Trading carries a high level of risk. You are subject to lose all or more of your original investment. Don’t trade with money you can’t afford to lose or money that if lost, would affect your current lifestyle. The information in this presentation is for educational purposes only and is not intended to be financial advice.

Outline

1. Benefits of trading part-time

2. Which markets to focus on

3. Swing trading tactics I use

About Me

Trading since 2006, went full-time in 2009

Trade stocks, options, and futures

Mountain Biker, Designer, Adventurer

Speaker at Traders Expo’s

Why Swing Trade Part-time

Obvious reasons

Job commitments/other business

Not a slave to the markets

Requires less time

Not so obvious

Narrows focus

Contains your risk

Lower stress level

Easier to master

Helps keep a balanced life

Which Market(s) to Focus On?

Individual stocks

$20 and up

High beta

Moves more relative to market

Set volume parameters

(200k+ shares traded per day)

Rotating watch list

Swing Trading Tactics

Preparation is key

Scan watch list in evening - FinViz

Calculate entry, exit, and position size

Set orders, monitor open & close

Swing Trading Tactics

Gauge broad market

S&P500, Dow, NASDAQ, Russell

Look for stocks making 52 wk highs/lows

Entry

Buy strong stocks on pullbacks

Sell weak stocks on bounce

Stop

Above/below prior swing high/low

Profit Target

End of day after new high is made

Trail previous days high/low

Trail swing high/low

Swing Trading Tactics

Swing Trading Tactics

Swing Trading: Risk Management

How many shares?

Risk per trade ($100) / [entry ($50) – stop ($45)] = 20 shares

Risk exposure

$100 per trade (5 new positions = $500)

Example:

2 positions at +$250 profit each

Stop at entry (break even)

Still $500 at risk

Assess Delta (directional exposure)

Net sum of long vs. short positions

Bullish: More delta +

Bearish: More delta –

Indifferent: Delta neutral

One Final Note

No shortcuts or substitute for screen time

Work smart, be patient, stay disciplined

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Tips for the working trader

Presentation slides

Thank You!

More at www.EminiMind.com

Tim@EminiMind.com

Tim Racette Sincerely,