current bsl swing trade (sept 22)

Hi Robbbbbbb and Co,

In regards to you recent post about a swing trade, could you please elaborate what exactly a swing trade is using the current BSL opportunity?

I have found some information below but any bits from you and other fellow traders would be appreciated.

Thank you,

talktome


What Does Swing Trading Mean?

A style of trading that attempts to capture gains in a stock within one to four days.


Investopedia explains Swing Trading

To find situations in which a stock has this extraordinary potential to move in such a short time frame, the trader must act quickly. This is mainly used by at-home and day traders. Large institutions trade in sizes too big to move in and out of stocks quickly. The individual trader is able to exploit the short-term stock movements without the competition of major traders. Swing traders use technical analysis to look for stocks with short-term price momentum. These traders aren't interested in the fundamental or intrinsic value of stocks but rather in their price trends and patterns.

Found the above at: http://www.investopedia.com/terms/s/swingtrading.asp



For your convenience I have provided a recent daily chart: