I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
@HildaBennet8 ай бұрын
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
@FinnBraylon8 ай бұрын
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
@PennyBergeron-os4ch8 ай бұрын
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
@FinnBraylon8 ай бұрын
Sonya lee Mitchell is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@PennyBergeron-os4ch8 ай бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@dpatel27473 жыл бұрын
We want more videos on swing trade.
@growthmindset63922 жыл бұрын
yes ✊🏻
@wboquist Жыл бұрын
This video was a great example of how to explain a concept in words and images. Really excellent.
@FinancialWisdom Жыл бұрын
Glad you liked it!
@FinancialWisdom4 жыл бұрын
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U My Breakout Scanner - bit.ly/3ea6sl8 My Forum - www.financialwisdomTV.com/forum My Strategy Blueprint - www.financialwisdomtv.com/plans-pricing Edgewonk Trade Analysis Software - bit.ly/3xS6S7s Stock Screener & Backtesting - bit.ly/3oO1exN (20% Off Code = FWSDM) Stockopedia - bit.ly/2YIcAIn (25% Discount)
@izzyrov58143 жыл бұрын
One of the best channels about investing. Love your videos, thank you for making them 🙏
@FinancialWisdom3 жыл бұрын
I appreciate that!🙏👍
@mohamedmoha58147 ай бұрын
Thank you Gareth, I am a pre beginner level, no trades yet but watching lots of content in the subject. Your content is not only the easiest to digest, but extends my knowledge to expert level.
@mikemiceli85744 жыл бұрын
Your teaching style makes the concepts crystal clear. Looking forward to more lessons. Thanks!
@FinancialWisdom4 жыл бұрын
Happy to hear that! thanks Mike👍
@p.s.r.krishna42503 жыл бұрын
The summary of books series is fantastic. I have a pointed question in the way draw down is mentioned in the current video using Monte Carlo simulation. The problem with this is that there is an inherent assumption that after loosing series of trades we have entered winning portion. In actual case it is possible that after say 10 trade loosing streak one can have one or two winners and again one can have a 9 trade loosing sequence. This will actually create bigger draw downs. So ideally one should find out actual draw downs in the Monte Carlo equity curve itself.
@FinancialWisdom3 жыл бұрын
Absolutely agree, hence why the profile graph is so important
@svetoslavchilingirov3858 Жыл бұрын
10:30 the flag pattern has 67% chance to break the near high not to go to 1:2 risk:reward
@PyDataScience2 жыл бұрын
Watching after 2 years, but it's great learning. Your animations are outstanding. Will try. Regards
@FinancialWisdom2 жыл бұрын
Thanks👍🙏
@teddylim9732 Жыл бұрын
its Simple and Clear, thanks a lot
@mohammadkamrul53102 жыл бұрын
love the strategies
@FinancialWisdom2 жыл бұрын
Thanks
@PatsyKing-l5w2 ай бұрын
Swing Trading and Risk Management go hand in hand. I will use the knowledge to trade on my Market101 Account. Great explanation mate
@EbenezerNimh11 ай бұрын
Thank you. You explained it so easy.
@FinancialWisdom10 ай бұрын
Thank you!
@tashashaback4 жыл бұрын
am so much enlightened by your sharing, i have learned so much
@FinancialWisdom4 жыл бұрын
Thanks Tasha!!
@karlson682 жыл бұрын
Huge piece of knowledge I was missing before. Thanks
@FinancialWisdom2 жыл бұрын
Glad it was helpful!
@hawkeyehowardinvesting35302 жыл бұрын
Excellent video & great advice!
@FinancialWisdom2 жыл бұрын
Thanks...
@Suraksa_X Жыл бұрын
Love this video, you explained it such simply
@FinancialWisdom Жыл бұрын
Thanks
@londontrader71423 ай бұрын
Great Video. Full of Logic and common sense. Thank you.
@bharathsirgur3 жыл бұрын
Have been watching your videos for quite sometime and it’s been a lot of fun and great value add. Thanks for the efforts!
@ThatsHimThere7 ай бұрын
Another easy to understand clear video Thanks mate
@gerry.shafer61012 жыл бұрын
WHERE. CAN. I. FIND. THOSE. IN. A. TREND. ??
@samermazahreh2 жыл бұрын
What a great super informative straight to the point video thank you!
@FinancialWisdom2 жыл бұрын
Thanks Samer 🙏
@lucaranac2 ай бұрын
Hi, I cant believe the quality of your videos and I just find you! Manay thanks for all of this. Do you have a journal trading or excel that we can use to follow our trades of interactive brokers?
@FinancialWisdom2 ай бұрын
In our group yes
@KennTollens2 жыл бұрын
It is nice when things are explained so on target.
@FinancialWisdom2 жыл бұрын
Thanks Kenn
@Cryptokittty2 ай бұрын
The potential of blockchain in various industries is fascinating.
@howardadams96384 жыл бұрын
Hi Gareth, another very good vid. I really like the application of the Monte Carlo stas in conjunction with the trading strategy. Regards Howard
@FinancialWisdom4 жыл бұрын
Thanks Howard! Glad you liked it..
@nutranthanhnhi48754 жыл бұрын
Wow!!!! Powerful video! Good job!
@FinancialWisdom4 жыл бұрын
Hi Nu, Glad you liked it!
@faiza77404 жыл бұрын
This is the best channel i have come across so far for stock trading You give geniun knowledge on the topic Great work 👍👏👏👏💖
@FinancialWisdom4 жыл бұрын
Thanks Faizurrehman! Really appreciate your comment!
@williamthorne63712 жыл бұрын
Thanks very helpful bill
@FinancialWisdom2 жыл бұрын
Happy to help
@timothymontoya8452 жыл бұрын
I was searching a video for mark minervini's book,Steve burn and etc then I saw your vids. Thank you🥰 from the Philippines 🙂
@FinancialWisdom2 жыл бұрын
You're so welcome!
@JDrizzy332 жыл бұрын
Very well put video. Thanks
@FinancialWisdom2 жыл бұрын
Glad you liked it!
@jatinshah27893 ай бұрын
Excellent information Sirji 👍👍👍
@Steven-T4 жыл бұрын
I wish I knew about this book summary series when I first started trading. Learning what proper risk management is would have saved me tons!!!
@FinancialWisdom4 жыл бұрын
👍🙏
@erecwolfram96993 жыл бұрын
Just wondering If you could elaborate a bit in your Trading career ist Swing Trading somthing worth persuing?:)
@Steven-T3 жыл бұрын
@@erecwolfram9699 me? I've actually changed up my style quite drastically compared to 10 months ago. Now, I mainly day trade SPY, Q's, and IWM with a mean-reversion strategy. There are certain times in the market where swing trading gets very difficult. The past few weeks has been, which is why I've gone back to a different strategy that allows me to avoid overnight selloffs. However, swing trading is still wonderful! If you're interested in learning more, this channel is a gold mine. It's all worth listening to and revisiting :)
@amosedze8715 Жыл бұрын
It’s 2023 now are you successful
@Steven-T Жыл бұрын
@@amosedze8715 I wouldn't say "more successful", but definitely "less of a loser". It's difficult for me to not overthink things. The risk management strategies here helped to make it easier for me to say "I am wrong and the trade is most likely not going to work out".
@williamkz4 жыл бұрын
Thanks Gareth. Another useful set of trading rules reinforcing good habits.
@FinancialWisdom4 жыл бұрын
Thanks William 👍
@yogeshvesvikar6692 жыл бұрын
In real life trading sometimes this strategy may not work of stocks which are in upper circuit and after high immidiate ly downward circuit. It follows where you don't get any chance to sell
@sp-ye7ht Жыл бұрын
Can you Pls make a video on the most important fundamental data points to look for while swing trading for short term using TA..
@silkysilv1014 жыл бұрын
Another great video. I have literally spent all evening watching your videos. Great job 👍🏾. I do have one question. If you were to focus on just one strategy on your channel, what would you choose?Thanks in advance.
@FinancialWisdom4 жыл бұрын
Hi Silver ese, thanks for your feedback 👍. I have a bias towards a longer term breakout style so i would perhaps go with Stan Weinstein and Nicolas Darvas, personally...
@TBradFashionModel3 жыл бұрын
Focus on the two most successful traders, ooopppsss,...3,...Zanger, Quallmaggie, Livermore
@billyporche50343 жыл бұрын
Thank You great job.
@FinancialWisdom3 жыл бұрын
Thank you too!
@guisblacio9 ай бұрын
Great video and explanation 👍. Thanks
@FinancialWisdom9 ай бұрын
Glad it was helpful!
@lilyho19893 жыл бұрын
great video thanks
@FinancialWisdom3 жыл бұрын
You are welcome!
@garyphillips3595 Жыл бұрын
more video on swing trading enters and exit and right stocks to trade, and how find right stocks.
@Army1SGRetired3 жыл бұрын
Fabulous video, I need to include more short opportunities in my portfolio.
@FinancialWisdom3 жыл бұрын
Thanks Ed
@tusharm74512 жыл бұрын
Macd should be use on weekly or daily chart
@FinancialWisdom2 жыл бұрын
I use weekly
@thelightings2 жыл бұрын
Great channel. Thanks admin alot
@FinancialWisdom2 жыл бұрын
You are welcome
@shivkumaran26224 ай бұрын
Good morning sir what time frame for this strategy ?
@copycinoforstudents31673 жыл бұрын
Hi, i really confuse about position size per trade, if we only trade 5 instrument? Position size max risk total = 10%, assume 2% risk per trade and after calculation in total we only use 40% from equity and the rest is in usd, What do we do with the remaining funds? And the measurement is total equity of all balance in all instrument? Please help me to answer this, thank you
@AimsyCost4 жыл бұрын
Love your youtube channel. Keep up your good work. Well done. Many thanks.
@FinancialWisdom4 жыл бұрын
Thank you very much Aimsy!🙏
@johnnaoum62594 жыл бұрын
Great video ! Big fan of your channel keep up the good work
@FinancialWisdom4 жыл бұрын
Thank you John - Really means a lot...
@razib9793 жыл бұрын
I have bought your simulator but I don’t know how to operate it could you please make a video about it, that will help...please...thank you in advance
@FinancialWisdom3 жыл бұрын
Hi Razib, try looking at the video kzbin.info/www/bejne/oanNinqFYrNkjKM that may help
@HealthWealthHappinessBrendan4 жыл бұрын
Thanks for the explanation. Great video!
@FinancialWisdom4 жыл бұрын
Thanks Brendan!
@gwild29274 жыл бұрын
Fantastic guide and well explained, I'm still paper trading but will practice this 👍
@FinancialWisdom4 жыл бұрын
Best of luck!👍
@keshavdesh55813 жыл бұрын
You are doing great Job!!!
@FinancialWisdom3 жыл бұрын
Thank you so much 😀
@andym56639 ай бұрын
How do you take short swing positions ??. Shorting is for intraday, right ??
@mctrading9533 жыл бұрын
Hi, thank you for another amazing video , you are great in what are you doing . I have a question , when you explain the MACD oscillator, which time frame you usually use ? 1h ? 1 Day ? 1 Week ? thank you
@FinancialWisdom3 жыл бұрын
Hi, I personally use the weekly, but the principle is the same on each time frame...
@theenglishinfluencer2 жыл бұрын
@@FinancialWisdom do yoi change settings of macd??
@rajusabhadinde3283 Жыл бұрын
Pls make video on Renko charts
@kevinlee66723 жыл бұрын
Keep up the good work your doing educating the public!
@FinancialWisdom3 жыл бұрын
Thank you, I will🙏
@iameladlevi3 жыл бұрын
Great content! How did you get the win rate of any pattern? Will be great to see it
@TBradFashionModel3 жыл бұрын
I suggest learning to read price and a couple simple set ups. All the fancy Vegas spreadsheets are fine, easier way is to ask, "Is my account growing." ALWAYS deep dive charts,........
@FinancialWisdom3 жыл бұрын
Great suggestion!
@TBradFashionModel3 жыл бұрын
@@FinancialWisdom Very great content,...... I've worked with a few mentioned,....but I learned a couple things on this site,...... continue..... Doug Campbell/Rightway options, great content, Stockbee.....
@manishpingale65584 жыл бұрын
Thank you so much your channel is the best channel about this topic
@manishpingale65584 жыл бұрын
but how much should be the value of MACD Please tell me Thanks
@FinancialWisdom4 жыл бұрын
Hi Manish, People use the MACD in many ways, in this example it is purely an indication of possible trend change, i.e if the line crosses the signal line (regardless of value) it often indicates a change. Or... an objective reason to act.
@FinancialWisdom4 жыл бұрын
You are most welcome, thank you 👍
@assafalmog28688 ай бұрын
Amazing Video quick question regarding the ration. does the 2 to 1 ratio is a default initial risk reward ratio? I mean if the trend is keep going I probably won't sell and keep the rewrad ratio going, right?
@FinancialWisdom8 ай бұрын
Correct - My average is about 4 to 1 sometimes a lot more sometimes zero.
@assafalmog28688 ай бұрын
Thanks for your replay! I also noticed you are using mainly the weekly chart, when you go into orice action and decide the stop loss point you donit on the daily timeframe?
@ezeokafornwachukwu7763 Жыл бұрын
Please do you make use of take partials, trail stop, break even in you risk/money management?
@FinancialWisdom Жыл бұрын
Only trailing stops using the MACD
@MarcelPhilips Жыл бұрын
Smaller, speculative stocks have endured a historically weak stretch. Investors are betting that a turnaround is finally in the works. I’ve lost about $320k within a few months, how do i take advantage of the market turnaround?
@DavidAntony-gq7id Жыл бұрын
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell stocks.
@MarcelPhilips Жыл бұрын
@@DavidAntony-gq7id Having an investment adviser is the best way to go about the stock market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly and I made over $800K within a short time
@DavidAntony-gq7id Жыл бұрын
@@MarcelPhilips That's impressive! I could really use the expertise of these advisors. how can I get to your advisor?
@MarcelPhilips Жыл бұрын
@@DavidAntony-gq7id renowned for her proficiency and expertise in the financial market, *KRISTIN GAIL CUNNINGHAM* my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@DavidAntony-gq7id Жыл бұрын
@@MarcelPhilips I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds
@yuthpatirathi27194 жыл бұрын
Thank you
@FinancialWisdom4 жыл бұрын
You're welcome
@vladac46942 жыл бұрын
Great video, as are all videos on your channel! What setting do you use (or recommend using) for swing trading using the daily chart? Thanks in advance!
@FinancialWisdom2 жыл бұрын
Hi Vlad - I use the the weekly charts 30 MA amongst other criteria
@Simpaulme4 жыл бұрын
Brilliant content, thanks 👍
@FinancialWisdom4 жыл бұрын
Thanks Paul, My pleasure!
@metafizika72584 жыл бұрын
GOLD! 10/10
@FinancialWisdom4 жыл бұрын
Thanks Meta!👍
@nirupmalkani7884 жыл бұрын
Very nice video. Thanks you.
@FinancialWisdom4 жыл бұрын
Glad you liked it!
@marcheiniger35824 жыл бұрын
Great work, great channel 👍🏼
@FinancialWisdom4 жыл бұрын
Thanks Marc!👍
@darielsantana56803 жыл бұрын
Why do you have to sacrifice profit when you can move the stop loss with the trend?
@FinancialWisdom3 жыл бұрын
At some point there is a sacrifice unless you can pick the top all the time..
@gangaram07192 жыл бұрын
Hi there Thanks for sharing 🤗🤗🤗💐💐💐💐💖💖💖💖💖 I request this video must be re-uploaded using Andrew Cardwell's RSI 40-60 strategy instead of MACD. Thank you
@justintaylor-moneymindset40734 жыл бұрын
Good info. I’ve never really known all that much about swing trading
@FinancialWisdom4 жыл бұрын
Thanks, good luck with your young channel!
@FaridLipi2 жыл бұрын
how can i get that simulator?
@FinancialWisdom2 жыл бұрын
www.financialwisdomtv.com
@NiciO.G2 жыл бұрын
I as the returns total returns for the 6 years or per year
@Drforbin941 Жыл бұрын
Your videos are great
@terrancewitherspoon28593 жыл бұрын
Great info
@FinancialWisdom3 жыл бұрын
Glad it was helpful!🙏
@boombustinvest2 жыл бұрын
Can these swing trading strategies be applied to longer-term investment style trades?
@mark31582742 жыл бұрын
How do you manage risk (stop loss) overnight/weekend ? I'm a newbie.
@FinancialWisdom2 жыл бұрын
I leave them where they are, my strategy is based on the weekly charts. You can get a gap up or down overnight so its swings and roundabouts.
@dpatel27473 жыл бұрын
Very good videos you provide. Thanks also make video on multibagger stocks or how to find momentum stocks
@FinancialWisdom3 жыл бұрын
Noted
@SwapnilDPatil3 жыл бұрын
I like your video. Nice work.. I am from India.
@FinancialWisdom3 жыл бұрын
Awesome! Thank you!
@scottanderson96564 жыл бұрын
I love your videos. Clear concise explanations are so rare. What are the MACD #s you're using in this example?
@FinancialWisdom4 жыл бұрын
Thanks Scott👍 I cant recall, but if you give me a time stamp I can clarify, Thanks
@scottanderson96564 жыл бұрын
@@FinancialWisdom 6:30 - thanks!
@walksoflifeph4 жыл бұрын
What if i use a tighter moving average as stop loss?
@FinancialWisdom4 жыл бұрын
There is no right or wrong answer, I suggest back testing to confirm, the fact you have a risk management plan is the main thing.
@lakhangangurde1904 жыл бұрын
Very very nice video sir 👌 Please make trading book summary
@FinancialWisdom4 жыл бұрын
Should have 'Trade Like an O'Neil Disciple' uploaded late Sunday/Monday👍
@AdamHarrisTrader Жыл бұрын
Love your content. #BigFan
@donniereidjr2 жыл бұрын
I love your content. Its beyond admirable sir. Question: If you dont mind sharing, are there any other fundament analysis tools that are free or more affordable for us newbies that are learning the art of trading? Thank you, Sgt. Papabear!
@FinancialWisdom2 жыл бұрын
Hi Donnie - For the best is Stockopedia - Maybe the 25% discount here will help the cost - www.stockopedia.com/new/?coupon=fw25
@uiliumpowell4684 Жыл бұрын
💚What am I missing here? It's very meaningless to me if a financial teacher says $X amount of money was made. I want to know the % return in relationship with the starting capital.
@FinancialWisdom Жыл бұрын
No you are spot on. 👍
@jeme69664 жыл бұрын
Thank you sir 👍👃
@FinancialWisdom4 жыл бұрын
Welcome 👍
@marksoberay23183 жыл бұрын
Lightbulb: buy atm puts w that 2% risk
@C00ltronix2 жыл бұрын
Video not really related to the "How to swing trade" book. But good video anyway.
@FinancialWisdom2 жыл бұрын
Fair enough 👍
@cagrikanik24033 жыл бұрын
Another very nice and Simple video! I assume FW is a MACD-man :)
@FinancialWisdom3 жыл бұрын
Correct!😀👍
@jasonstazm Жыл бұрын
What happened to your competition entry
@stevesutton7724 ай бұрын
So... tight sma?
@davinci20303 жыл бұрын
Why would one want to buy stock at a high price and sell at a low price, short position. Unless one wants to throw away money ?
@FinancialWisdom3 жыл бұрын
Buy a short position at a high price would perhaps make more sense.... maybe :-)
@thiennguyen04119 ай бұрын
i'm from USA. can i join your service?
@FinancialWisdom9 ай бұрын
Of course... most members are US based 😉
@surfman884 жыл бұрын
Trading macd live is a different cookie
@FinancialWisdom4 жыл бұрын
Hi Michel, I agree, but it does form as a good filter for momentum and trend.
@sreedharreddyindian95304 жыл бұрын
Can i share your videos in local language..?
@FinancialWisdom4 жыл бұрын
Hi Sreedhar, share or upload as your own?
@sreedharreddyindian95304 жыл бұрын
@@FinancialWisdom yes sir.. It is on my own for people who are looking to learn market. But i wish to translate the video into local language to reach as many people as possible bcz many of them don't understand english clearly.
@random-accessmemory92013 жыл бұрын
@@sreedharreddyindian9530 he’s not happy. 😅 It’s like stealing his contents though.
@lowriskok2 жыл бұрын
3:28 the example is broken. you mean to say, your risk is 10% and you expect the stock to move 20% for trade that is worth the risk? total illusion.
@paulkaz17523 жыл бұрын
Nice video, good insights. That Monte Carlo stimulation, is it built in excel? Thanks.
@FinancialWisdom3 жыл бұрын
Thanks Paul, yes its in excel
@MrLanum2 жыл бұрын
Fucking awesome videos my guy!
@FinancialWisdom2 жыл бұрын
Thanks Jordan🙏
@tonys2432 Жыл бұрын
2% risk does not give you a lot of choice of stocks to trade. NFLX, NVDA or TSLA is out of the question. You probably be looking at something that move less than $2 ATR daily move. Good luck 🤙🏼
@AaronETrades Жыл бұрын
I don't think you understand what is meant by 2% risk. It means you only lose 2% of your account if you hit your stop loss. Here is an example using NVDA on the daily chart. 9/1 through 9/26 we had a bull flag. 9/27 it closed above the upper trend line and we enter the trade at 424.60 at the open the following day. The stop loss would be at 409.75, just under the swing low of 409.80 on 9/21. Let's say your account is $10,000. 2% risk is $200. So your position size is 13 shares (risk in dollars divided by (entry price minus stop loss)).