Using Larger Swing Trading Charts
The short answer is YES. Nexgen’s software works for longer-term trading on any market up to a point. Nexgen's software is not designed for daily or weekly charts.
However, before doing longer-term trading with Nexgen, you must have a complete understanding of the methods and everything that we teach day trading. Without this, you will not be able to apply our method to longer-term charts easily. Nexgen’s rules and fundamentals of reading the optimal setups on every timeframe and chart are the same regardless of the chart. The only difference between day trading and swing trading is the size of the chart. The “CONFIDENCE” in taking the trades and understanding the nuances will come from many historical and real-world repetitions.
Once this “educational understanding “ is complete, you will trade any market and any time frame proficiently. Therefore, we “day trade” for a few simple reasons. 1. Trading with precision entries and exits, the more leverage, the better. 2. Most days, there are 5-10 trades daily possible day trading that would yield an average of 100-300% return on any increment of $5,000 that you would wish to trade (bi-MONTHLY if not weekly). 3. We trade for 2-4 hours per day and not carry an overnight risk which also requires 3-10 times the margin money required to day trade.
That said, learn day trading first so you can really speed through the learning curve in 30-120 days, along with the ability to use historical chart study and “market replay” to speed up that process. When you longer-term trade (swing trade), you may see one or two trades per month, or if you speed up charts to 1-3 day trades such as weekly options on SPY or Apple or Netflix type markets (swing trades), you may see 2-4 trades per week and the learning process would take you 1- 2 years at that pace to become ultra-comfortable enough to trade at a VERY high level.
We suggest that clients who wish to swing trade take the time to learn how to day trade first. It is important to achieve confidence and apply the rules to larger charts.
Once you have completed the education for day trading, the looks of the winning trades, the entry areas, and profit objectives for each trade will become “self-evident” regardless of the chart or time-frame you end up trading in “the real world."
Last modified 1mo ago
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