Definition, how it differs from day trading & investing, pros & cons
1.2
Crypto Market Basics
Exchanges, wallets, volatility, liquidity & 24/7 nature of crypto
1.3
Psychology of a Swing Trader
Emotional discipline, mindset, handling FOMO, confidence building
1.4
Psychology of a Swing Trader
Emotional discipline, mindset, handling FOMO, confidence building
1.5
Swing Trading with Spot
What is Spot Trading?, How Spot Swing Trading Works, Swing Trade Setup,
Advantages of Spot Swing Trading, Spot vs Futures
Lesson 1.1: What is Swing Trading?
Swing trading is a mid-term trading style that captures “swings” in price action β typically over several days to weeks.
π Key Concepts:
Time Frame: Trades last from a few days to several weeks
Goal: Capture medium-term price moves (up or down)
Approach: Mix of technical analysis, trend-following, and pattern recognition
Tools: Indicators, chart patterns, and support/resistance zones
π§ Pros & Cons of Swing Trading
Pros
Cons
Doesnβt require full-day screen time π₯οΈ
Still needs active management
More profit potential than HODLing π°
Exposure to overnight risk
Works in both bull & bear markets ππ
Can get stopped out during volatility
Ideal for people with jobs or other responsibilities β³
Emotional discipline is required π¬
βοΈ Swing Trading vs Other Styles:
Feature
π§ Day Trading
βοΈ Swing Trading
πͺ Investing
β° Holding Period
Minutes to Hours
Days to Weeks
Months to Years
π Risk Level
High
Medium
Low
π Trade Frequency
Multiple per Day
Few per Week
Few per Year
βοΈ Tools Used
Price Action, L2, TA
Indicators, Patterns
Fundamentals
π§ββοΈ Time Commitment
Full-time or high-focus
Part-time friendly
Minimal
π‘ Skill Required
High (fast reactions)
Moderate (patience)
Low to Moderate
Lesson 1.2: Crypto Market Basics
What Makes the Crypto Market Unique?
Aspect
Description
π 24/7 Market
Unlike stocks/forex, crypto never sleeps β trades happen 24/7, 365 days
π₯ High Volatility
Price swings of 5β20% in a day are common, which is perfect for swing trading
π§ Liquidity Varies
Top coins like BTC/ETH are highly liquid, small-cap coins may be illiquid
π§± Blockchain-Based
All assets are digital and reside on decentralized networks
π Exchanges vs DEXs
Centralized (e.g., Binance) vs decentralized (e.g., Uniswap) marketplaces
Types of Crypto Exchanges
Type
Examples
Pros
Cons
Centralized (CEX)
Binance, Coinbase, Kraken
Easy to use, high liquidity
Requires KYC, custodial
Decentralized (DEX)
Uniswap, PancakeSwap
Non-custodial, private
Lower liquidity, complex UI
Wallets: Where You Store Your Coins
Wallet Type
Example
Description
Hot Wallet
MetaMask, Trust Wallet
Connected to the internet, great for quick access
Cold Wallet
Ledger, Trezor
Offline storage, best for long-term security
Exchange Wallet
On Bybit, Binance, etc.
Easy access for trading, but less secure (not your keys!)
Why This Matters for Swing Trading:
Volatility = Opportunity β The bigger the swings, the bigger the profit potential
Liquidity Matters β Only trade coins that can be entered/exited smoothly
Time Zones Donβt Matter β You can trade anytime from anywhere π
Wallet Management β Secure your profits with proper wallet use!
Lesson 1.3: Psychology of a Swing Trader
π§ Why Trading Psychology Matters
In swing trading, youβre holding positions for days or weeks, and during that time your emotions β like fear, greed, and doubt β can become your worst enemy. Successful traders control their mindset as well as they control their strategy.
Common Psychological Pitfalls
Pitfall
Description
Solution
FOMO (Fear of Missing Out)
Entering trades too late
Stick to your plan β no chasing
Revenge Trading
Trying to win back a loss immediately
Take a break, analyze the loss
Overtrading
Taking too many trades
Only trade high-probability setups
Impatience
Closing trades too early
Trust your stop loss and targets
Greed
Not taking profit hoping for more
Use fixed TP zones and partial exits
Habits of a Disciplined Swing Trader
Habit
Benefit
Journaling each trade
Helps track mistakes & repeat wins
Daily/Weekly reflection
Reinforces learning and discipline
Defined trading hours
Avoids burnout and late-night FOMO
Always using stop losses
Limits emotional damage on losses
Pre-planned strategies
Reduces decision fatigue
Emotional Management Tools
Meditation / Breathing β Reduces stress during market swings
Checklists β For entries, exits, and reviews
Reward system β Celebrate discipline, not just profit
Accountability β Join communities or trade groups
π‘Pro Tip:
βThe market is a mirror. It reflects your discipline, not your predictions.β
Lesson 1.4: Swing Trading with Spot
What is Spot Trading?
Spot trading means you’re buying and selling actual crypto assets (e.g., BTC, ETH) at current market prices β not using borrowed funds or derivatives.
π‘ You own what you buy and only lose what you put in β no liquidation risk.
How Spot-Based Swing Trading Works
Step
Action
1οΈβ£ Identify Trends
Use tools like RSI, MA, trend lines, support/resistance to find strong setups