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Fronkstoinks******09/14/2020 18:40

#Stock Selection Strategy Hey guys a lot of you wanted me to show you the main things I look for when swing trading. So here it is. First off, I look for stocks with at least 500K volume and prices above 5$. The reason is it needs to be liquid enough for my position sizes to enter and exit easily and stocks below 5$ hold much more risk during overnight swings. Next thing I look for is a stock that is on a daily up trend OR a stock that has just shown nice reversal pattern (double bottom etc..) with confirmation in the form of increased volume AND wide price spread on a up bar (Wicks included). On a Stock that is in an uptrend I do not trade the breakouts but instead I trade the dips & Flags. So, the stocks going up, I wait, but the stock has a nice relief dip showing support, I’ll enter the trade there with a stop a bit below that point. From there I manage my position by continuously upping my stops on every run & dip. Let the runners run. On a reversal play I like to see RSI near the oversold area. I watch for a divergence between the RSI and the price charts. I spot a reversal pattern and ALWAYS wait for a confirmation of that reversal. As I am trading against the immediate trend I will have a predetermined price point off of previous support and resistant areas. My stop loss will be just below the reversal pattern. I don’t swing news and I don’t swing hype. I swing technicals. Drop me a like and let me know what you think below. It’s difficult for fast communication on here so feel free to send a message to my username and I will do my best to get you started in the right direction. #bullish #Bearish $Tesla Inc $Immunomedics $Nikola Corp $Cassava Sciences

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