Introduction: Learn the Art of Swing Trading #10

Tip #10. Location of price in a trend

You have heard the saying, "The trend is your friend." I say, "The beginning of a trend is your friend!" That is because some of the best moves occur at the very beginning of a trend...

This stock broke out (horizontal line) from a double bottom (circled). A new trend has begun. So, you want to buy this stock on the first pullback (arrow) after the breakout.

So, there you have it. These price action tips and tricks will make you money in the stock market.

You can use this information to make your own trading strategies and systems. Best of all, once you master this art, you will never have to rely on technical indicators again to make trading decisions.

They won't be necessary.