IN THIS PART …

Grasp why the most important factor in determining your success as a swing trader isn’t your skill at reading price charts or understanding financial statements; it’s your risk management system.

Manage risks at the individual stock level (0.25 to 2 percent of your capital) and at the portfolio level (no more than 7 percent of the portfolio should be at risk) to ensure you live to fight another day if things go sour.

Understand the main order types and which one is optimal for the swing trader.

Determine whether to exit based on a predetermined price target, at a swing high, or based on a technical indicator.

Apply intraday charting to your swing trading to better time entries and exits.

Walk through a complete swing trade — from assessing the market, to finding attractive industry groups, to choosing an investment candidate and executing the trade in the market.