The software can be used on any time frame and with any financial instrument. Some traders use it to swing trade, others to day trades and even others to buy and hold a financial instrument for a significant period. The idea behind each style of trading is the same as for trading in general: anticipate a price move, go long or short on the stock, then capture a big part of the price move and then go on to another trade. It is the length of time the positions are held that distinguishes swing trading.
For example, swing trading is meant to obtain gains from the market during the short or medium term, with trades held for days or weeks. A prerequisite for swing trading is technical analysis utilizing Mark’s proprietary software. Technical analysis identifies investment opportunities by using optimized algorithms to isolate trends in market activity, as well as stock price and volume.
Just like day traders, swing traders will do a risk/reward assessment of the trade and place a stop loss based on their analysis. Unlike day traders, swing traders hold on to their trades for more than one trading session. Swing traders consult 15-minute, one hour, and daily charts looking for patterns to help them identify ideal entry positions into the stock and the optimal levels for stop loss orders. This kind of trading is attractive because of the possibility of big gains and doesn’t require the patience necessary to make longer-term investments or the stress associated with day-trading, With Right Line Trading software you will most often get a superlative entry price.
