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Swing Trading Short-Term Trends with Simple and Exponential Moving Averages
Specs: 30 mins, 51 secs | 14.2 MB
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Karen has been trading stocks full-time for 20 years and has traded successfully through all types of market conditions. In this interview we talk about the simple ways she spots support and resistance the specific moving averages she has found that work best on specfic timeframes. We also talk about the homework she does in the evening and how she determines which stocks she will be watching the following morning when the markets open. I ask her how she developed her discipline and ways she decides where to set her stop losses. Karen talks about why she never sets strict profit targets and instead waits for the market to give her specific signals that something has changed. Finally, we talk about the software she uses that has helped her tremendously in getting a feel for the stock market and allowed her to get better at predicting short-term moves. The day we did this interview, the market had a large drop. We talked about how she trades those volatile days and how she shorts the market with option strategies.

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Swing Trading Short-Term Trends with Simple and Exponential Moving Averages


Tim Bourquin: Hello everybody. Welcome back to TraderInterviews.com. Thanks for joining me for another show this week. The idea of all of the interviews of course is to give you ideas to think about in your own trading. That's why we talk to so many different traders with so many different strategies and methods. Because you're going to pick up one or two things from every interview that you can maybe apply to your own style and methods as well. So, our guest today is a trader who is full time. Her name is Karen. I found her online and she's going to talk to us about how she approaches the markets. So, Karen thanks very much for joining me on the phone today.

Karen: Thank for asking me Tim.

Tim Bourquin: Well, let's first start off. At what markets do you trade?

Karen: I principally trade stocks on any of the indexes.

Tim Bourquin: Okay, great. And are you a strict day trader or a swing trader or what?

Karen: Principally a swing a trader. My trades will last from - they can last a day, but I try to find a nice swing and stick with it until it ends. So, that maybe, you know, it could be a week. It could be less than a week.

Tim Bourquin: Okay. And how many trades do you have on at any given time?

Karen: I try to limit it to not more than five. Because I just don't find that many really good opportunities and I only want to trade the best and I limit myself to five. So, my thinking isn't just really, really spread too thin. I focus.

Tim Bourquin: Okay. That sounds great. And you've been trading full time for how long?

Karen: About 20 years.

Tim Bourquin: Wow. Okay. So, are you trading - I'll see 20 years puts us before the .com crash and that whole kind of craze of day trading. So, you were trading full time before it was of kind in vogue to do that. What was it like trading full...

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