These are some books we recommend you before you start swing trading stocks.
Swing trading is all about taking a position in stocks for a few trading days or a few candles depending on the time frame you trade in.
This book will teach you the basics of swing trading and how it is different from other trading strategies like intraday trading or positional delivery based trading or investing.
How To Trade Safely And Profitably - Step By Step
This book shows you, step-by-step, how to combine the stock picking and market timing capability of technical analysis with the power of disciplined trade entries and trade management strategies. Result: Safe and profitable trading. Mastering Technical Analysis : How to use various technical analysis concepts and tools, including
Technical Analysis is a method of examination of past price movements to forecast future price movements to identify trading opportunities. This Book will teach a trader or investor basics of technical analysis so that he can pick right stocks at right time to make money from trading or investing in them. The book will teach you how to use various technical analysis tools like support - resistance, moving averages, candlestick patterns, chart patterns, technical indicators and oscillators, etc with help of various case studies and charts. The book also teaches how to effectively manage risk using stop losses and how to exit trades at right time to book maximum profits. Technical Analysis Concepts explained in this book can be used for Intraday (day trading), Short Term Positional Trading, Swing Trading, BTST & STBT (Buy Today Sell Tomorrow & Sell Today Buy Tomorrow), Futures & Options, Delivery Based Trading as well as deciding entry and exit timings for Long Term Investing as well. Candlesticks like Doji, Star, Hammer, Hanging Man, Piercing Line, Dark Cloud Cover, Engulfing Pattern, etc are explained in this book. Chart Patterns like Head & Shoulder, Inverted Head & Shoulder, Rising Wedge, Double Top, Double Bottom, Rounding Bottom, Triangle Patterns, Flags, Price Channels, Cup & Handle, etc are explained. Technical Indicators like Moving Averages, MACD, RSI, ROC, OBV, Accumulation Distribution, Bollinger Bands, etc are explained. Stock Selection Strategies used in Bull, Bear and Volatile Markets explained along with various case studies on Candlesticks, Chart Patterns and Technical Indicators