Getting Started in Swing Trading

by Michael C. Thomsett

Book Overview

An accessible introduction to A PROVEN TRADING STRATEGY GETTING STARTED IN SWING TRADING Swing trading is not a new idea. But, only recently-with the Internet opening up markets to virtually... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0470084618
• ISBN13: 9780470084618
• Release Date: April 2007
• Publisher: John Wiley & Sons
• Length: 214 Pages
• Weight: 0.67 lbs.
• Dimensions: 0.6" x 6.2" x 9.2"

Customer Reviews

An awesome introduction...

...to Swing Trading. This book is for beginners only, and if that's you, you will not be disappointed. It also touches on subjects such as technical analysis, money management and options. I'm an experience trader, and I got value out of this book.

A friendly beginner book

I'm new in stock trading. I found this book give a very good overview of swing trading and using an easy understand approach to introduce technical terms such as candlestick chart, sell short and option etc. I'd recommend this book for newbie of stock trading.

Good for beginners; swing traders look elsewhere!

I tried explaining to somebody what swing trading is by detailing the short-term "buy low sell high" idea and failed. I was cut short and confronted by a "isn't that what all trading is about?" Very true - fancy words make us feel better about what we do don't they? Getting Started in Swing Trading is exactly what the title suggests - a getting started book that runs you through the works without insulting your intelligence. You need not to fall exactly into the swing trader category to benefit from reading it. In fact it is a very good book for beginners in trading. I mean who as a keen beginner in the trading business really settles well into the idea of long-term trading straight out? The book runs through trading emotions, support and resistance, technical and fundamental analysis, chart patterns, candle stick reversals, how to pick stocks and a good section on options. A few times I wondered to myself "haven't I already read this?" You will find the book regurgitating important concepts throughout - and this is not a bad thing. This book has good information for beginners and I wish I had come across it when I was starting out. I was however disappointed in the lack of in depth swing trading content; I guess I wouldn't hold grudges about it considering it does say "Getting Started in" on the cover. If you are a swing trader looking for something to reinforce your trading - this is not the one for you. Books I've read in the "Getting Started in" series so far has been decent.

Don't trip over pennies getting to dollars

After attending a workshop with "The Market Guys" in June, I was on the hunt for good info to help me start my expedition of options trading. I was finishing up on "Technical Analysis - Plain and Simple" by Michael Kahn when I came across the "Swing Trading" book. It is a great compliment: easy to read, but hits many key points like "trading against the box" (that I applied in a recent Starbucks' trade in combination with Put options). The book worked really well for me because it starts off with Support and Resistance, and how to establish trend setup points. I especially like how it emphasizes that traditional investors are missing out on 50% of trading opportunities because they only play up hill. Surprisingly, the book gives a good intro to Technical Analysis. Like most "Getting Started ..." books, there's a certain amount of general stuff but I found this book to be very useful and has lead to several conversations with my broker. If you're a beginner like me and are considering options, I'm currently reading "Options Strategies" 6th Printing by Guy Cohen. If you decide to read this book ... 1) Don't try to make sense of the strategy icon system (very confusing) 2) It has a number of typos and missed edits that will throw you off a little 3) Descriptions often don't make sense until you've SEEN the example so a) review the example first b) then go back and read the description PS: Always, do paper trades for at least a week before trading with real money. Best wishes