1

Chapter 1

Introduction

See the complete trade plan you will build.

What will you build?

You will build one complete swing-trade plan. The plan will tell you what you are watching, what must happen before you enter, where the idea becomes wrong, and where you may take profit.

Think of it like a road map. Before a road trip, you choose a destination and decide which roads to take. A trade plan does the same job before money is at risk.

Finished example

The swing-trade plan you will create

Ticker
One stock or ETF you understand
Direction
Bullish weekly or monthly structure with improving momentum
Entry
Wait for price to hold or reclaim a planned Eden level
Invalidation
The price level that proves the trade idea is wrong
Target
A quarterly price target that matches a longer holding period
Risk
A fixed amount you are willing to lose if the idea fails

How will you build it?

  1. 1
    Set up Eden.

    Open the Quote, Key Levels, and Price Targets widgets.

  2. 2
    Find a ticker.

    Choose one stock or ETF to study.

  3. 3
    Check the larger move.

    Look for bullish weekly or monthly structure and improving momentum.

  4. 4
    Plan the entry.

    Use P-Trans, N-Trans, and areas of interest to decide what price must do.

  5. 5
    Choose the destination.

    Mark a quarterly price target that fits the swing trade.

  6. 6
    Define the risk.

    Decide where the idea becomes wrong and calculate the position size.

You’ve completed Chapter 1

You’ve finished Introduction. Keep going while the ideas are fresh.

Next up

2: Set Up Eden

Add the Quote, Key Levels, and Price Targets widgets, then choose one ticker.

Start Chapter 2
Swing Trading course

Course curriculum

  1. 01
    Chapter 1Introduction
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  2. 02
    Chapter 2Set Up Eden
  3. 03
    Chapter 3Read Market Structure
  4. 04
    Chapter 4Check Momentum
  5. 05
    Chapter 5Understand Key Levels
  6. 06
    Chapter 6How to Find Entries
  7. 07
    Chapter 7Choose a Price Target
  8. 08
    Chapter 8Define Risk
  9. 09
    Chapter 9Build the Final Trade Plan