Time Periods for Short Term Swing Trading
–Play the first hour if you are holding from the night before
–Play the last hour to set up for the next day
–Stocks normally top around 10:30 EST
–Don’t buy mid-day breakout attempts, it will probably just top unless it’s an earnings winner
*If it comes back in the last hour, buy then, cover half at the end, sell the rest in the morning
–If it tops early in the day and consolidates in the lower end of the range, buy that “dip” but only if there is bid support.
*Consolidation is HEALTHY, especially near highs
–Scale into your position, that way you won’t be as scared to ride the waves.