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· 1,093 ratings · 94 reviews

Start your review of How To Swing Trade: A Beginner's Guide to Trading Tools, Money Management, Rules, Routines and Strategies of a Swing Trader

After seeing the 2000 and 2008 market crashes unfold (and I even remember the '87 one -- a relative wrote a book about it), as well as hearing stories about how the 1929 one affected family members who were alive then, I became motivated to learn more about technical analysis, so I could detect the warning signs of another crash. That got me interested, years back, in swing trading, which doesn't doesn't have the time requirements or the need for fast decision making that day trading does. I wou After seeing the 2000 and 2008 market crashes unfold (and I even remember the '87 one -- a relative wrote a book about it), as well as hearing stories about how the 1929 one affected family members who were alive then, I became motivated to learn more about technical analysis, so I could detect the warning signs of another crash. That got me interested, years back, in swing trading, which doesn't doesn't have the time requirements or the need for fast decision making that day trading does. I wouldn't call myself "advanced", but I've been in the trenches for the better part of a year, along with some earlier dabbling. Since I liked Andew Aziz's guide to day trading, I decided to read the book on swing trading written by his friend and mentor, Brian Pezim.

This is good stuff, a very up-to-date (as of late 2018), practical how-to guide. Pezim, a veteran trader of several decades, covers pretty much everything that aspiring swing traders need to know to get started -- and to avoid shooting themselves in the foot. Though he assumes basic familiarity with stocks and the stock market on the part of his reader, most everything beyond that that's core to swing trading is explored.

Topics:
* Basics of swing trading and differences from other types of trading
* What to swing trade, ETFs
* Risk management
* Fundamental analysis basics
* Charting and candlesticks
* Indicator tools (trendlines, RSI, MACD, ATR, etc.)
* Chart patterns
* Three swing trading strategies
* Ways to measure the market's mood
* How to use screeners and scanners, links to useful sites (as of 2018)
* Entries and exits
* The routine of a swing trader

While this isn't a book that's too different in content from other swing trading guides, I appreciated its up-to-dateness and Pezim's sharing of personal experiences and well-defined, practical steps that the reader can implement. As with day trading, it takes more than reading a book (or two, or five) to be successful at swing trading, but it's good to have a framework to start from and you'll get that here.

The audiobook is perfectly listenable, but you'll want to take notes. Images are found on a website.

Bonus: some pieces of advice I would give to new swing traders
* Keep your expectations low. There's a learning curve in this, especially in a market as chaotic as 2018's. Paper trades can teach you a lot, even if you're also making real ones (because you're documenting all your trades for later review... right?)
* Don't hold a position through earnings. Seriously. You might as well just gamble.
* The 2-to-1 profit target to stop loss ratio is your friend. If you don't maintain it, you're going to fail in the long run. An important part of this is locking in profits when the stock hits the target (or stalls near it), because the price could always go back in the other direction.
* Become as comfortable with taking short positions as long ones. You'll double your opportunity.
* Many swing trades don't last more than a few days, especially in a volatile, whipsawing market. You don't have to have ambitious price targets.
* I don't recommend trading with options if you're new. They have their value, but they add an extra layer of complication that you don't need in the beginning

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A quick overview

I honestly recommend the Dummies guide to Swing Trading I've this. Maybe it is because I read that first that I felt I did not revive any new information from this book.
For me, this book is not in-depth enough compared to other books I have read.
This is not the first book I would choose as a beginner.

Oct 22, 2019 Alexander rated it really liked it

This book is strictly for beginners only. Somewhat experienced traders will not find it useful. I felt there will be some discussion on technical analysis to find entry and exit criterias using different charts. Unfortunately, it was not discussed.

Mar 03, 2021 Cameron rated it liked it

The book provides a clear set of swing trading principles while most chapters were filled with fluff that I already knew the book did have some good tips and strategies that I thought were usful.

If you know a lot about the market already chapter 12 is where you want to start.

My biggest takeaways were

Wait for my entry. Not trading is a great strategy.
Set and stick to your stops.
Only invest in positions that have a 2x upside.
Set price targets and adjust down if needed.
Most importantly TAKE GAI

The book provides a clear set of swing trading principles while most chapters were filled with fluff that I already knew the book did have some good tips and strategies that I thought were usful.

If you know a lot about the market already chapter 12 is where you want to start.

My biggest takeaways were

Wait for my entry. Not trading is a great strategy.
Set and stick to your stops.
Only invest in positions that have a 2x upside.
Set price targets and adjust down if needed.
Most importantly TAKE GAINS. and don't feel bad if you left some on the table.

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Jun 16, 2021 Rabin Rai rated it really liked it

its a great book for beginners.
- discovered the scanning softwares
- setting entry and exit points with at least 2 times reward to risk ratio
- understood more about how to use moving averages

Jul 20, 2020 Junaid Noor rated it it was amazing

Gr8 intro to swing trading

A great book for beginners to learn swing trading. With good examples and lots of resources. Overall a great intro and starter book.

Very informative

I actually enjoyed this book very much: even for those with previous knowledge of trading, the book offers a good review, concepts are explained clearly, and I personally thought that the section regarding technical analysis was better explained than other books just covering technical analysis. One thing I would have add in the section covering the routine of a swing trader would have been an actual "walk-through" example on searching and executing a trade the author might have

Very informative

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Aug 20, 2020 pearlescent rated it really liked it

I began the book as a teenager moderately interested in the world of trading purely out of a desire to acquire practical skills in finance that will carry me farther in life than another cheesy self-help book would. I originally began my journey with Pezim within his similar book on day trading, but his mention on the difference between swing trading and day trading made me realize that my disposition would be far better suited to the former.

Overall, it was pretty enjoyable. I can't attest to t

Overall, it was pretty enjoyable. I can't attest to the factual or functional contents of the book in practice, but I can affirm that it seems to contain a thorough amount of information that will allow you to get a good start on swing trading. In other words, it wasn't all inspirational jargon or 'how to set a routine' - it included essential principles of technical analysis and common swing trading strategies that will give an interested party a good head start.

The only qualms I have is that, as a complete beginner to the world of finance, there were times within the technical section where I had to read a paragraph over and over to understand what it meant. I was similarly confused in sections that briefly covered investment options like currency trading, options, and other sophisticated vehicles that as beginner investers we are advised not to pursue. Despite the fact that they wouldn't become relevant for a trader until later in their career if they so choose, I wish that they had been explained better.

That aside, in terms of rhetoric/connection with the layman Pezim did quite well. I recommend this book for anyone who is interested in swing trading as a starting point for your studies.

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Dec 11, 2019 Jovaughn Brown rated it really liked it

Picked this one up after reading How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology and becoming somewhat disillusioned with day trading (read my review of it here).

After reading How To Swing Trade, however, I quickly realized that this is probably the trading style that best suits my lifestyle. It was great being able to practice some of the strategies and tips outlined in this book while reading it and I'm certain that it's already made me a better trader. Even though swing trading is better for me personally, I still recommend reading both How to Day Trade for a Living and How To Swing Trade to get the full picture of what's going on in the stock market if you're thinking about becoming a trader.

I should also mention that I mistakenly referenced Andrew Aziz as the author of How To Swing Trade in my aforementioned review of How to Day Trade for a Living when it's actually the case that Andrew Aziz simply provided a foreward.

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This review has been hidden because it contains spoilers. To view it, click here. How to Swing Trade is part of the stock market educational series written by the guys over at https://bearbulltraders.com/.

Day Trading = You buy and sell all of your positions during the hours the market is open on a single day.

Swing Trading = You hold your positions over night and that can expand over days/weeks/months. Decisions are usually based on large news events, speculative mania about an industry, or because you've got a hunch something is undervalued after a dip/correction in the marke

How to Swing Trade is part of the stock market educational series written by the guys over at https://bearbulltraders.com/.

Day Trading = You buy and sell all of your positions during the hours the market is open on a single day.

Value Trading = You hold your positions for a year+ because you believe they are undervalued and need time to grow. - Warren Buffett being the perfect example of this strategy.

This book offers a lot of different tools and gives tips on how to read charts. I found the tools more interesting.

So here's a list from book:

* https://finviz.com/

* https://www.chartmill.com

* https://www.benzinga.com/news

Then I currate this #Investing Twitter List that I'd highly recommend subscribing to if you're wanting a good news resource:

* https://twitter.com/i/lists/125746094...

Overall, I'd say you can get the info from this book from the sources I listed here and a quick YouTube search on how to read Candle Charts.

4/10 READ-IT-METER

#52books52weeks

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May 08, 2021 Shannon rated it really liked it

Comprehensive introduction to swing trading.

This book has well articulated the necessary Information to start swing trading. It provide a concept and overview of what needs to be done to swing trade. The writer also shared some references and free tools to allow new traders to start exploring.

Why I gave a four star? Though the I would recommend this book to those who wants to start swing trading or trading in general. There are some elements missing, which I think would benefit new trader alot

Comprehensive introduction to swing trading.

The writer did not provide example of a full routine. From scanning of the stock to how he traded that stock and the entries and exits. With some of these examples to conclude the book, it allows the readers to visualise the process of actually HOW to swing trade. This is only my own opinion of what I wish to see.

Though the writer may have not included these examples. I would still recommend reading as the book is still a good starter for new traders.

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Feb 20, 2021 dgx rated it it was amazing

Very direct, no-nonsense, actionable advice to start swing trading. Got a lot of insight on market psychology from this. If you are confused on any part of the swing trading process, this book will straighten you out so you develop a solid foundation to learn more advanced stuff later, not that you need to in order to find successful trades, it covers an entire system/approach to apply to every trade.

The rest is up to your ability to see patterns and apply what you learned. Journaling has taugh

The rest is up to your ability to see patterns and apply what you learned. Journaling has taught me a lot about price mechanics by paying more attention to indicators and price movements influencing my trade.

This book gave me an understanding that all the indicators we use are a language or framework to improve the probability of finding and entering a trade that will go the direction we want/hope/expect, regardless of the size of that price movement.

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Jan 21, 2020 Anne rated it really liked it

I was looking for a fairly basic introduction to swing trading, which is buying and selling financial products on intervals usually longer than a day, and shorter than the 'investment horizon' of a long term investor. This fit the bill - while some of the material in the early chapters is maybe a bit too basic, overall this book is a very comprehensive treatment of the subject and introduced me to a couple of charting/screening websites I didn't know about. I'm keeping it in my online 'library' I was looking for a fairly basic introduction to swing trading, which is buying and selling financial products on intervals usually longer than a day, and shorter than the 'investment horizon' of a long term investor. This fit the bill - while some of the material in the early chapters is maybe a bit too basic, overall this book is a very comprehensive treatment of the subject and introduced me to a couple of charting/screening websites I didn't know about. I'm keeping it in my online 'library' for reference. ...more

Jul 24, 2020 Erkka Ryynänen rated it really liked it

This was an excellent package of information for a beginner in swing trading providing clear process how to start and what to do as well as introduction to the key tools, methods and strategies. Still I gave this "only" 4/5 stars because the book was a bit loose and too repetitive in my opinion. I understand the point in repeating important aspects few times but this book took it too far repeating some facts +10 times. With more concise writing the book could have been 30 % shorter and much more This was an excellent package of information for a beginner in swing trading providing clear process how to start and what to do as well as introduction to the key tools, methods and strategies. Still I gave this "only" 4/5 stars because the book was a bit loose and too repetitive in my opinion. I understand the point in repeating important aspects few times but this book took it too far repeating some facts +10 times. With more concise writing the book could have been 30 % shorter and much more readable. ...more

Sep 06, 2020 Rob Sedgwick rated it really liked it

Walking the walk

This is quite a good book.I read the day trading book by the same author and it seemed too much time and work. Swing trading is certainly more doable, although it takes regular time out of your day.I have been trying to go through the daily process to identify stocks to trade it. It's a steep learning curve. The author hardly plugs his own web site although it's a fairly obvious way to flatten the learning curve, but I do think the book is a genuine attempt to help people swing t

Walking the walk

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Mar 30, 2021 Try Lee rated it it was amazing

Your goal, as a successful swing trader, is to discover the balance of power between the buyers and the sellers and then bet on the winning group. If the buyers are in control, you should buy and hold. If the sellers are in control, you should sell your position or even sell short . If the price action indicates a lack of conviction between the buyers and sellers, then you will wait or look for another opportunity. You should let the bulls and the bears fight with each other and then enter a tra Your goal, as a successful swing trader, is to discover the balance of power between the buyers and the sellers and then bet on the winning group. If the buyers are in control, you should buy and hold. If the sellers are in control, you should sell your position or even sell short . If the price action indicates a lack of conviction between the buyers and sellers, then you will wait or look for another opportunity. You should let the bulls and the bears fight with each other and then enter a trade only when you are reasonably certain which side is likely to win. ...more

May 01, 2021 Tori Turner rated it it was amazing

Read this Book First!

This book is real cut to the chase! Brian lays it all out. If you are trading and want to get better or you are brand new you need to read this book. He spells out what you need to know and do. How to set up your trading business and much much more. I have been trading for years but wanted to up my game. This book gave me many new insights and strategies. I gave this book 5 stars because I loved it.

An excellent primer on starting a swing trading business. It never gets overly technical, but provides a solid foundation with which to base your activities on. Definitely not enough to make you an expert, but that was never the intent. This book provides a gateway with which you can do more research, and further your understanding of the subject, where to start, and the psychology/mindset required to be successful.

I would recommend this to anyone interested in getting into the field.

Great book

Highly recommended. The author covers everything you need to know to get you started. I really liked that it covers not only Technical Analysis which was the main reason I picked up the book but also Fundamental Analysis, strategies, principles and the mindset required which is what I mostly enjoyed at the end.

Apr 14, 2019 John Teague rated it it was amazing

A Great Intro to Swing Trading

This is a great book for someone just learning about swing trading. It is very concise yet seems to cover all the important aspects needed to both decide if swing trading is something you might want to try as well as how to get started. A wealth of information in just a few hours. Excellent!

Jun 10, 2020 Nazaf rated it it was amazing

This is a amazing book with lack of Good knowledge for present and future .

It's a Amazing Book for all types of swing traders and this book will cover most powerful strategies and discipline which I need and everybody .
On my side Amazing Amazing,Amazing book Happy trading Good Bye Good Luck

This is a amazing book with lack of Good knowledge for present and future .

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Nov 26, 2020 Rohith rated it it was amazing

Best book for swing trading begginers

I really loved this book. Will keep reading reading it again and again till the info in this book is chisled in my mind. Also enjoyed a lot reading this book. Advanced traders can read this this book to refresh thier knowledge. If you are into swing trading please read it at least once.

Jan 19, 2021 Stephen Nicks rated it it was amazing

Fascinating and in depth instructions to Swing Trade.

Book finished, notes taken, looking forward to putting the multiple ideas into practise.
Nicely written book that lays out the complexities of ST into relatively easily understood chapters with a review at the end of each chapter.

I guess, the more books about trading I read, the pickier I become. This book is probably ok as the first book on swing trading, but for someone further down the road it's lacking character. Descriptions are dry like on Wikipedia and although everything is clearly presented, there is no proper convincing strategy described . I guess, the more books about trading I read, the pickier I become. This book is probably ok as the first book on swing trading, but for someone further down the road it's lacking character. Descriptions are dry like on Wikipedia and although everything is clearly presented, there is no proper convincing strategy described . ...more

I was curious how the stock market works and what influences the way it goes. I found the book to be educational and interesting.

Only negative: some information is repeated word for word more than two times in the book and I didn't like that. I think the book could have been 20 percent shorter without losing any content.

I was curious how the stock market works and what influences the way it goes. I found the book to be educational and interesting.

Only negative: some information is repeated word for word more than two times in the book and I didn't like that. I think the book could have been 20 percent shorter without losing any content.

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May 30, 2021 Sumit Pandey rated it it was amazing

Its a quite book on swing trading. Its not a book that will tell strategies to get rich quick, like youtube videos and investment/trading gurus of information age. More than strategies, it focus on the various other elements that is more important than the strategy itself. Its a great book for anyone interested in gambling in stock market.

Like drinking from a firehouse

So much good information in this book! I will be referring to this book for many days to come.
There is one major gaffe . The word "pendant" is a piece of jewelry that hangs on a chain. A "pennant" is a tapering flag! And that is the word that should be used in the chapter on patterns. Brian, please update your book and correct this error!

Nov 10, 2018 Maxx rated it it was amazing

Good Information about Swing Trading Strategy

I would highly recommend traders to read through this Swing trading business book to have better understanding how you can spend less time for maximum gain.

Dec 02, 2018 Bradstar rated it it was amazing

Excellent book!

It's really an excellent book! Lot of details with excellent explanations and graphs. I really like the fact that there is a summary at the end of each chapter. I recommend this book without any hesitation!

Excellent book!

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Great book

I have been trading for a few years and found this informative. I am an options trader and can use this information as if I was trading the stock itself. I hope to see a book from this author on swing trading options.

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Simple Easy Stock Trading Strategies Indigo Chapters

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