Video 31 A, B, C & D: Swing Trading and Scalping

Question 1

Minor reversal means…

Answer 1

Likely pullback and trend resumption, or at least a trading range

Question 2

Major Reversal means…

Answer 2

Likely trend reversal or at least a trading range. better to look to trade in opposite direction.

Question 3

From my own observation, I conclude it’s fair to say a swing trade is Always In as long as there is not a major trend reversal.

Answer 3

Hold for a profit target or measured move.

Question 4

General guide for a swing trade for stocks is…..

Answer 4

Minimum goal for $100 stock is 50 cents

Question 5

A correct stop for a swing trader is…

Answer 5

Below the bottom of the most recent strong swing up, in other words, the most recent higher low. (Bull)

Question 6

Beginners are constantly looking for trend reversals, and tops in trends. they don’t think it can go higher

Answer 6

When you have a small pullback bull trend, only look to buy.

Question 7

Al says you should never scalp for a minimum profit. You will not succeed.

Answer 7