How to Swing Trade by Pezim Brian

Author:Pezim, Brian
Language: eng
Format: epub
Published: 2018-10-01T16:00:00+00:00

You can also monitor these averages once you have entered a trade in order to help you to decide whether to exit a trade completely at a target price or to take some of the position off at one target and continue to hold the rest as the stock price continues to move in your favor. This is referred to as “scaling out” and will be discussed later in the book.

The SMA can be used to find a potential area of support or resistance. For example, if you are holding a short position, you might consider covering all or some of that short position as the price of the stock approaches the 200-day SMA, which is watched by many traders and trading machines as an area of significant support.

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