Qullamaggie Swing Trading School Condensed Setup and Teaching only

About this Video

• Video Title: Qullamaggie Swing Trading School Condensed Setup and Teaching only
• Channel: Qullamaggie Playlists
• Speakers: Qullamaggie
• Duration: 01:54:20

Introduction

This video is a condensed lesson from Qullamaggie's Swing Trading School. The main focus is teaching viewers how to identify and execute swing trades using moving averages (primarily 10-day and 20-day SMAs) to pinpoint optimal entry and exit points in strong, trending stocks. The instructor uses numerous stock examples to illustrate the strategy.

Key Takeaways

1. Identifying Strong Stocks: Focus on stocks showing exceptional relative strength, typically within the top 1-2% of performers in their timeframe.
2. Moving Average Strategy: Utilize the 10-day and 20-day simple moving averages (SMAs). Look for stocks that "surf" these averages, building higher lows within a tightening range. The 50-day SMA can also be a support level.
3. Entry Points: Enter trades when the stock breaks out of the tight range, ideally using the opening range high of the first 1-minute, 5-minute, or 60-minute candle after the breakout.
4. Exit Strategy: Consider selling 1/3 to 1/2 of the position after 3-5 days, moving the stop to break-even. Trail the remaining position using the 10-day SMA as a trailing stop, selling when the stock closes below it. However, exceptions may occur, allowing for holding the position longer.
5. Market Conditions: The strategy performs best in momentum markets (when the 10-day and 20-day SMAs are rising, and the 10-day is above the 20-day). Avoid swing trading on the long side when the moving averages are sloping down.