Do you want to know how to find stocks to swing trade? Swing trading has you holding stocks at least overnight up to a couple of weeks. Knowing how to find stocks is important in making sure you get good stocks to swing trade.
You want and need max profits on stocks that have good movement. There a couple different tools you can use to scan for swing trade stocks.
Learning candlesticks, patterns and technical analysis basics are also very important. These tools give you the understanding of where a stock will head. This in turn allows you to chose whether or not you’d like to go long or short.
HOW TO FIND STOCKS TO SWING TRADE
When you’re learning how to find stocks to swing trade there are some things you should consider. How long do you want to hold a stock?
Swing trading usually lasts 2-6 days but can last up to 2 weeks. You can also go long term and hold a stock for much longer. You can pick swing trading techniques that work for you.
If there’s certain criteria you’re looking for using something like the barchart stock signals screener is a good tool to have. It allows you to look for specific trading signals; hence you can set up a screener that fit’s your style.
If you’re more long term, you can set it up to look for plays that will happen over a period of time. If you want to hold just overnight, set you your screener to find that.
Having a tool like the barchart signal screener can set you up to have good success swing trading.
HOW TO PICK STOCKS TO SWING TRADE – SCANNERS
When you’re learning how to pick stocks to swing trade find a good scanner. You can have those few stocks you trade over and over but it’s good to have alternatives.
What happens if you only trade certain stocks in a sector and it’s trading sideways? You’re not going to find any good plays. If you have a good scanner you don’t have to worry about finding good plays.
Thinkorswim has scanners you can set up for swing trading. Set up the scanner to the criteria you’re looking for. You can scan each night to find plays for your watchlist. Click here to set up your Thinkorswim swing trade scanners.
The trade ideas scanner is also one that you can use. Trade Ideas can save you time if you’re looking for something quick. You can set your scanner to look for the kinds of plays you like best.
Read our Trade Ideas review here.
While you can use Trade Ideas for swing trading, there’s a scanner that’s even better. It’s called Market Club. Market Club has a system that uses a mix of different signals to help confirm success.
They’re big into triangles. If you know anything about patterns and triangles then you know those are pretty profitable. Their green triangles give you a strong signal of a daily, weekly or monthly trend. While their red triangles can be used if you’re into trading put options or shorting.
Read our Market Club Review – Stock Market Tools You Need here.
HOW TO FIND STOCKS TO SWING TRADE – TECHNICAL ANALYSIS
When you’re looking for stocks to swing trade, you need to know technical analysis. Knowing support and resistance is extremely important! These are levels that trades pay particular attention to.
You can find support and resistance through candlesticks and moving average lines. Candlesticks also tell a story. You can use candlesticks for buy and sell signals along with moving avenge lines.
MACD and RSI can help you in determining what direction is stock is headed as well. it’s important to be able to draw trend lines.
HOW TO PICK STOCKS TO SWING TRADE – PATTERNS
Patterns are really important when you’re learning how to pick stocks for swing trading. Traders are creatures of habit and they look for patterns.
You have the overall large patterns but inside those big patterns are smaller patterns. You can trade those smaller patterns as you’re waiting for the big pattern to break out.
Remember that patterns break down all the time. Look at what the candlesticks are telling you. If a pattern is at a breakout point but doji candlesticks are forming, wait for confirmation of direction.
HOW TO PICK STOCKS TO SWING TRADE – PRACTICE
As you learn how to pick stocks to swing trade, practice using scanners and trading in a simulated account. Practicing allows you to work out the kinks and fix any problems and mistakes you see.
The Bullish Bears also send out a swing trade watch list each night with trade alerts. You can sign up here to receive that watch list. Put that in that into your nightly watch list and practice trading them.
CHOOSE A COURSE THAT WORKS BEST FOR YOU
Learn about the essentials of candlesticks patterns and how to trade them.
Learn about advanced candlesticks and how to trade candlestick reversal patterns
Fundamentals of stock trading
STOCK MARKET COURSE
Simple day trading strategies on how to become a consistent and profitable day trader
DAY TRADING COURSE
Advanced day trading techniques
Basics of swing trading and also some advanced swing trading strategies
SWING TRADING COURSE
Basic and advanced options trading strategies and how to buy and sell options contracts
OPTIONS TRADING COURSE
Set up your virtual trading platform in ThinkorSwim
Set up your virtual trading platform in Interactive Brokers
INTERACTIVE BROKERS PLATFORM