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Risk Reward Ratios in Swing Trading
Specs: 24 mins, 14 secs | 11.2 MB
  Brian Shannon is a full-time swing trader and a new author of Technical Analysis Using Multiple Timeframes. In this interview we discuss his background in trading and his overall philosophy of his approach. Brian talks about why he sets a 3-5% gain goal each week for himself each week and how he finds opportunities with "acceptable risk." We also discuss how he uses key levels of support and resistance to find trades. Finally, we discuss how he takes a large basket of stocks each week and whittles them down to about 20-30 he will be watching. He also has a blog at AlphaTrends.net.

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Risk Reward Ratios in Swing Trading


TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. Thanks for joining us for another show this week. As usual, the idea with all of these interviews is to give you something to think about in your own trading. So not so much a direct lesson about how to trade, although we do some of that once in a while, but more about hear something that one trader thinks about when he's looking for opportunities in the markets that maybe you can find and apply to your own style and your own strategy as well today. And so our guest today is Brian Shannon. He's a fulltime trader. He blogs at a site called AlphaTrends.net. He's also written a fantastic book called "Technical Analysis Using Multiple Timeframes: Understand Market Structure and Profit from Trend Alignment". We're going to talk about the book and some of the strategies in there and how Brian looks to find opportunities in the market each day. So Brian, thanks very much for joining us on the show.

Brian Shannon: Thank you for having me on, Tim.

TraderInterviews.com: Well, so we talk about your background. Well, I always like to start with that to the traders to give people a feel for where they came from. So what's your background and how did you get into the trading game?

Brian Shannon: I got into the trading game probably...it was actually in high school, you know. I used to watch Wall Street Week with my dad and kind of got interested in it that way and had some success early on with a little bit of luck on my part at a young age, and kind of figured, "Hey, why would anyone ever want to do any real work? You know, this is great, the stock market. Let me, you know, see where that path leads me." So I started out as a retail stock broker in 1990...of '91 rather. And, you know, kind of cut my teeth there, got to practice with other people's money for a while, you know,...

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