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Moreover, it has nothing to do with indicators or moving averages. So they are not used at all. We dont use volume in our trading. The main thing to consider is that, it is a simple and easy way to do business in swing trading.
We search by stock screener through some criteria at the end of the day and put a stop loss for protection. The next day we check and then follow the stock into the uptrend if the stock goes up.
If we are wrong we exit with a stop loss with little loss. There arealso a lot of things you should know regarding the psychological problems swing traders face.
Moreover, swing traders should learnhow to manage their accounts.