There’s no shortage of experts or gurus who have their own swing trading rules to follow… And they all like to make strong statements about the market in general when the Dow trades a few hundred points or so lower.
There’s been at least two dozen reports published recently from so-called swing trading gurus, advisers and experts saying the market is about to crash.
This trend will only increase as funds initiate more computerized buy programs on a daily basis.
I mean, all you have to do is go online or check out your local newspaper and you’ll see quotes and swing trading rules to follow from dozens of gurus.
And there’s no shortage of experts who think they can predict where the market is going next.
But what I find most interesting is we tend to see these announcements at times when the market looks like it’s making a brand-new high.
It’s almost as if the experts pick the worst time to scare the public into getting out of the markets.
Whether you listen to my advice or ignore it is entirely up to you. But I’ve been trading for almost 30 years, and I’ve seen many bullish and bearish market trends.
I have also monitored and subscribed to many “swing trading guru services” in the past, especially when I first started out.
Swing Trading Rules to Follow: No One Can Predict Where the Market Will Go Next
When I first started out, I was naive about the type of help that was available to traders.
In most professions, when someone tells you they know something, they tend to have some degree of experience in that field.
They may not be the best, but people usually know something before they get involved in any business.
From my many years experience, I’ve never made one penny listening to any advisory, guru or expert trading service that told me what swing trading rules to follow or position to take.
Swing Trading Rules to Follow: Don’t Confuse Gurus With Knowledge and Education
You need to learn how to use indicators and apply them in a way that makes you feel comfortable with the decisions you’re making.
Trading has to come from inside of you.
No guru or expert can guide you in the right direction. These experts tend to take advantage of people during volatile market times when they’re scared or concerned about their positions.
When people are scared, they’re vulnerable. And when they are vulnerable, they make bad decisions.
The best swing trading rule to follow I can offer you is to learn how the market works.
Learn about risk, position sizing, expectancy and proper money-management methods. These tools and skills will help you make decisions based on logic and mathematics… Not some opinion from someone who wants to take advantage of you.
Don’t fall for this trap and take control of your financial future.
Learn how to make your own trading decisions and become an independent thinker. No one will help you make positive changes until you decide to do it for yourself.
If you want to build real market knowledge, then forget about all of the trading experts and gurus who want to scare you into listening to them every time the market adjusts or corrects.
I hope this helps!
All the best,
