Welcome back everyone, i know we talk about day trading and that's kind of the focus. You know quick in and outs, big movers and listen. I think it's the number one best way to grow your account, but the simple fact is: many of you are part-time. Okay, you've got jobs you're at work.

Maybe you got school, you got kids, you got you get even if you're working from home, you got kids running in you got, you still got to do your work and it can be tough to day trade, crazy, low float stocks with a lot of distractions. Now, if you've got a lot going on, i don't ever recall a better time for swing trading than right now. Last couple years i mean this post 2016 world swing. Trades have been incredible and the great thing about that is, you don't have to watch these stocks.

Every second of every day you can get some other stuff done so today, i'm going to talk about how to spot a great swing trade, i'm going to give you an example and i'm going to hopefully give you the tools to ultimately find your own swing. Trades. All right, everyone before we get started, be sure to like share subscribe ring that bell want you to be notified. As soon as we drop a new video we put so much out there.

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So, let's get into swing trading. Okay, i am lead trainer with stocks to trade. Tim bowen, something that i really really think everyone should have in their toolbox, whether or not you're part-time trading. I mean listen even if you're full-time trading there's it's silly in my opinion, to not be looking at some of these swing ideas, because something that i think that's never been like this is it's.

It's never been so logical to spot swing. Trades i mean the. I think one of the greatest things of all these new traders that came in particularly you know in 2020. Remember everything that changed.

You know we got all these commission free brokers, you kind of fast forward to 29 late 2019. Just about everybody went free or or very discounted. You know, then you come in to 2020. Well, and you know robin hood, just you know blew up the world.

You know robin hood robin all their marketing. I mean the biggest thing that i commend robin hood and i know a lot of people bash, but man, the one thing that they nailed you and you got to respect from a business standpoint - is the onboarding process. I mean if you've never signed up for other brokerage accounts or or if you never signed up for a brokerage account 10 years ago. I mean it used to take like like no bs like days to get your account open forms and you know and and signatures and disclosures and then it'd take three days to approve and then you'd have to fund your account, which would take another.

I mean you'd spend literally like weeks getting your account open, hat tip to robin hood, where it's like instantly. I mean you're trading the same day. So that being said, it made it so much easier, less intimidating. Then we fast forward to 2020 and the shutdown comes dave portnoy, my boy, you know he's davey daytrader he's out there and you know: there's no sports, there's no sports betting.

Everyone became a day trader and i think what what i'm getting at is. It became a self-fulfilling prophecy where people are just like hey. What's a good idea, what's a hot sector, you know electric vehicles go back to tesla in spring of 2020 till now, um i mean just went higher every day because excuse me, people believe in evs. People believe in self-driving cars and you've heard me say it on pre-market prep many times i mean the electric vehicle sector is the hottest and longest lasting hot sector of my career in 15 years i mean here we are 16 17 months later and i mean listen.

We got we got ev plays running today, nioh uh, i mean tesla's green. I mean there's a bunch of them still. You know 17 months later. So that being said, let's talk.

Hopefully i sold you on the power of swing trading. Let's get into the how okay and that's one thing that i really think that i like to say i specialize in is, i think, explaining the how of doing this stuff. I mean it's one thing to say by smith and wesson. Okay, you know listen jim cramer.

I mean a mad money, it's fun to watch. I remember i tell this story a lot. I remember uh. This is it's kind of embarrassing and maybe you've heard me tell this story on the podcast, but i remember when i was first getting started in like 2006.

Had no idea what i was doing, but i used to uh, i used to dvr mad money. You know because it's on at six o'clock at night i had family. So i'd stop business. I had stuff going on at night.

I'd get up at five in the morning to watch mad money, write down the tickers and then try and trade the tickers from mad money. Please please don't uh guess between you and i don't don't don't share that story with anyone please, but hey. We all start somewhere right so anyway, it's one thing to say: bye, bye, bye, smith and wes swbi. But what you see in front of you is what i call the swing trade selection sheet.

You get access to this sheet in the steady trade team. We've got worksheets for all different trade setups and i think it's really the great way to locate you know those really good setups versus mediocre, setups and hopefully keep you out of trouble. You know i mean listen, it's really easy to buy stocks. I think that that's one thing that gets people in trouble there's nothing stopping you from just hitting by i like to think the worksheet you know can keep you out of trouble.

I mean understand, you know 90 of traders fail. I think so many people fail because there's nothing i mean listen. If you're sitting in your home office all alone with your own money, no one is like hey. Are you sure you want to do this? You know now - maybe hopefully, you've got a a trading buddy or maybe you've got a mentor like in the steady trade team, and maybe i'm like whoa.

What are you doing here? You really want to enter this trade, but if you're on your own, nothing wrong with that, but nobody's going to stop you from entering mediocre, setups losing lose and lose and losing draining your account. And then you become part of the 90 to fail. A checklist checklist manifesto great book by the way, definitely check it out. It's you know it talks about.

You know it's like one of the great examples in the checklist manifesto are like pilots and doctors. You know it's been proven over and over again that like when, when plane crashes happen typically - and i don't remember the stats - i read the book - probably geez, seven eight years ago, when i started making these sheets um but like a significant amount of plane, crashes happen When they don't complete, like their pre-mark pre-market or pre-market their pre uh flight checklist and listen, i'm not equating plane crashes to crippling trading losses. But to you i mean listen, a plane crash! Isn't that as a disaster. But if you blow up your account, it probably feels like you were in a plane crash and you walked away now, you're on, like the island in lost and you're like what's going on, smoke monsters, i blew up my account so anyway, the checklist can keep you Out of trouble, let's talk about swbi, you'll notice.

This stock checked every single box earnings winner has a catalyst understand. I never talk politics. Okay, i'm here to help you find trading opportunities. I'm here to help you learn trading, hopefully make some money.

I don't talk. Politics don't yell at me in the comments about some of the stuff, i'm about to say that being said, if you're not going to yell and stomp your feet, we all know gun sales explode under democratic presidents. Okay, history tells us that. Okay, that's not a political statement, it's not picking a party, it's none of that.

We've seen it over and over and over again what happens. Obviously, in 2021, we've got a democratic, a democrat president. We've got a democratic-led congress, you know, we've got and, and we've got talk of, you know, i'm recording in june uh 2021, a lot of gun regulation talk a lot of gun restriction, talk that creates panic buying in the guns and ammo sector and and again you've Got a catalyst is the point: it's no different. You know when you talk about gun sales exploding under democratic uh presidents, it's no different than electric vehicles exploding.

Marijuana stocks exploding, mushroom stocks exploding. You know any of these hot sectors. We cryptocurrency stocks exploding. It's the same idea, then you look.

Is it at around a 52 week high i'll jump back to the chart? The day we did this chart was on 6 21.. Let me hover over 6 21.. You can see that day again whoops. Let me jump to 6 21 would have been monday, so you can see the stock was at 27 opened at 27.50.

On that day, the day we went over this sheet live in the steady trade team in the monday night strategy session every single monday night. I do a strategy session after the market close. It gives us some time to slow down. You know and - and it's not like there's 50 low float 1000 runners that we're talking about where, after the market close, i do it usually 6 p.m.

Eastern, sometimes you know in the winter, sometimes i'll do it even a little later at night, but it allows us a little bit of time to focus, slow things down and really break it down. So anyway, on the 21st, this was a 27 stock. So let me jump back to the worksheet um and i know you can't read any of this. That's why i'm walking you through it.

I use my whiteboard and you've, maybe seen me use the whiteboard on pre-market prep. I you know, i talk you through this stuff. So if you're, like tim, i can't read a single thing here understand if you were in the strategy session. I walked you all the way through it.

So you i was talking and writing at the same time. So that being said, is it a good company? Does it have a chart? Break yes and yes, their sales are exploding, um, they're, ramping up production. They had great earnings, they're, making money good company good sector hot sector. Is it a whole dollar, half dollar break it was at 27..

You can see. I denoted that there then we jump over. You know - and this says 50 million float, which i, which then that says it's a low-ish float stock. So the nice thing about a 50 million float stock.

It's a great swing trade because it's not a crazy low floater. Okay, you guys know you trade, five million float stocks. They make crazy moves, they can stop. You out, you can't take your eyes off them for a second vice versa.

If you're trading, 500 500 million float stocks you're like oh, you know it's like paint dry, watching paint dry. You know it's like a good day. Is you know a one percent move you're like yeah, my 500 million floater moved one percent today yay and then the next day it moves. Half a percent yay two green days in a row, i'm up one and a half percent.

So awesome you know, but but they're safe, you know, listen! The 500 million floaters don't gap down 60. Unless there's insane news, the 5 million floaters do 5 million floaters can gap down 60 on no news. You know they just make the wild moves. What i liked about smith and wesson, it's a nice balance in the middle 50 million float.

It can still make good moves, makes you know, still has the potential to make good skip up. You know good 5. 10 twenty percent a day, but it's not super risky. Then and you're not going to wake up to a you know again a 50 gap down.

So it's a nice intersection of the float that we look for and then you know i grade this catalyst, the setup we walk all through it and then what i do is we talk about entries and exits and you know listen. That is, i think, the biggest thing i go back to my joke about mad money and it's like okay buy, buy, buy, sell, sell, sell, but when do i buy or do i do i buy in pre-market? Do i i mean you know again, i'm not picking on jim cramer, i respect the guy, he had an incredible career and then he listen. He had an incredible hedge fund career, he kind of retired and he went into entertainment. I mean like, like listen kramer's like listen he's like i'm an entertainer now so i mean entertainer in the finance space and listen the guy's old man if he wants to have a little fun after staying up.

You know re read confessions of a straight ad great book by the way. Um. You know confessions of a street ad. I think uh, you know, because of mad money, kramer kind of gets a bad reputation reputation.

He was, he was in it and he was the man back in those days and worked practically worked himself to death and that's why he retired and went into you know. On tv i mean the guy. Damn here killed himself. You know trading 18 hours a day.

So check out the book, it's a great read, so that being said, it's just one thing to say: buy, buy, buy or sell, sell sell. The next thing we talk about is that three to one risk to reward methodology and then key levels on the chart to take profits as well as stop out. So you can see. Hopefully you can read.

This talked about a good entry at 28.. We were stopping out at 27.. That means we're risking a buck a share. What's a realistic goal.

Where do we look to take profits three to one, if we're risking a buck, we want to make three bucks a share or it's not, and if the stock doesn't have the potential to move that much it's not a good trade. We skip it. You can see it hit 31 uh two days later on the 25th, so yeah end of the week, basically friday, monday to friday, three to one risk to reward three bucks: a share, low risk trade, no panic stops no huge gap. Downs didn't have to watch it.

Every second of the day - and you can just trade, those and trade, those and trade - those if you got the sheets and you got the methodology and you got the process and then ultimately, this morning, gapped up to 39 jeez. I didn't realize it went that high 39 this morning. So again you can see the power of a good swing right, i mean, maybe you sold half at 31 and you let the other half ride and i mean here almost touched 40.. You know and i'm recording july 1st 2021 drop me a comment.

You know what the day you watch this, what price is swbi at i mean who knows you might be watching this in august september. You know again. If the regulation stuff, the saber rattling on regulations continues to happen, i mean who knows maybe you're watching this in the winter and swbis at 100. Bucks a share.

Nothing would surprise me in 2020, so all right everyone. That being said, i tried to spend a little more time, but ultimately it's youtube. You know i can't do a super long, video or nobody will watch it. You know it bums me out about youtube, but if people see anything over 10 minutes they don't even watch it.

But if you want more detail, if you're truly committed and you're not like looking butterflies or squirrel, you know and jumping around steady trade team 45 minute webinars tomorrow morning, friday morning, i'm doing two hours. You know you can really get in depth. You can ask me questions it's real time. I mean obviously youtube this video is not real time.

Pre-Market preps real time, though, but um check it out. The steady trade team would love to work with you and would love to teach you swing trading.