Swing Trading For Dummies

368 Pages·2019·9.52 MB·english

by  Omar Bassal

Swing Trading
FOR
DUMmIES
‰
by Omar Bassal, CFA
0011__229933668833--ffffiirrss..iinndddd iiiiii 77//2288//0088 66::3388::2299 PPMM
0011__229933668833--ffffiirrss..iinndddd iiii 77//2288//0088 66::3388::2299 PPMM
Swing Trading
FOR
DUMmIES
‰
0011__229933668833--ffffiirrss..iinndddd ii 77//2288//0088 66::3388::2299 PPMM
0011__229933668833--ffffiirrss..iinndddd iiii 77//2288//0088 66::3388::2299 PPMM
Swing Trading
FOR
DUMmIES
‰
by Omar Bassal, CFA
0011__229933668833--ffffiirrss..iinndddd iiiiii 77//2288//0088 66::3388::2299 PPMM
Swing Trading For Dummies®
Published by
Wiley Publishing, Inc.
111 River St.
Hoboken, NJ 07030-5774
www.wiley.com
Copyright © 2008 by Wiley Publishing, Inc., Indianapolis, Indiana
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form
or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as
permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior
written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to
the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax [phone].
Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing,
Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, 317-572-3447, fax [phone], or online at http://
www.wiley.com/go/permissions.
Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the
Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com and related trade
dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/or its affiliates in the United
States and other countries, and may not be used without written permission. All other trademarks are the
property of their respective owners. Wiley Publishing, Inc., is not associated with any product or vendor
mentioned in this book.
LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO
REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF
THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITH-
OUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE
CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES
CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE
UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR
OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF
A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE
AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZA-
TION OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE
OF FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES
THE INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT
MAY MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS
WORK MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND
WHEN IT IS READ.
For general information on our other products and services, please contact our Customer Care
Department within the U.S. at 800-762-2974, outside the U.S. at 317-572-3993, or fax [phone].
For technical support, please visit www.wiley.com/techsupport.
Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may
not be available in electronic books.
Library of Congress Control Number: 2008933744
ISBN: 978-0-470-29368-3
Manufactured in the United States of America
10 9 8 7 6 5 4 3 2 1
0011__229933668833--ffffiirrss..iinndddd iivv 77//2288//0088 66::3388::2299 PPMM
About the Author
Omar Bassal, CFA is the head of Asset Management at NBK Capital, the
investment arm of the largest and highest rated bank in the Middle East.
There, he oversees all asset management activities for institutional and high
net worth individuals investing in the equity markets of the Middle East and
North Africa (MENA). Prior to joining NBK Capital, Mr. Bassal was a portfolio
manager at Azzad Asset Management, where he managed mutual funds
and separately managed accounts. Mr. Bassal also worked as an analyst at
Profit Investment Management and launched a socially responsible hedge
fund in 2002. He holds an MBA with honors in finance, management, and sta-
tistics from the Wharton School of Business at the University of
Pennsylvania. Additionally, he graduated summa cum laude with a Bachelor’s
of Science degree in Economics, also from the Wharton School. He has
appeared on CNBC and has contributed articles to Barron’s and Technical
Analysis of Stocks & Commodities.
0011__229933668833--ffffiirrss..iinndddd vv 77//2288//0088 66::3388::2299 PPMM
0011__229933668833--ffffiirrss..iinndddd vvii 77//2288//0088 66::3388::2299 PPMM
Dedication
To my mother, my mother, and my mother — Maha Al-Hiraki Bassal. To my
father, Dr. Aly Bassal. And my sisters, Suzie and Sarah. To my loving wife,
Salma, and my brother-in-law, Hisham. And to my beloved nephew, Mostafa.
They have always supported me in easy and difficult times.
Author’s Acknowledgments
I don’t believe any experience could possibly have prepared me for the rigor-
ous schedule required to write a book. I can’t tell you how many weekends,
evenings, and holidays were required to write Swing Trading For Dummies.
The effort was, of course, worth it. But I did miss several episodes of Lost,
The Office, and other shows. Alas, the cost of writing books isn’t measured in
time alone.
Before I turn this section into an autobiography (which I should pitch to
Wiley as my second book, come to think of it: Omar Bassal For Dummies!), let
me thank those who deserve thanks (give credit where credit is due, I’m told,
is the way the kids are putting it these days). I first learned of this opportu-
nity through Susan Weiner, CFA — a skilled and professional investment
writer. Susan told me about a search Wiley was conducting to find an author
for this book. Marilyn Allen, my agent, pitched me to Wiley. I’m honored
Wiley offered me the opportunity to write this book. Thank you, Stacy
Kennedy, for your confidence in me and your buy-in.
Writing the book, as you may have gleaned from my previous comments, was
a grueling, tough process, and Kristin DeMint was an invaluable resource. She
was my project editor and made sure the book progressed. She often joked
that she knew nothing about swing trading. But her “weakness” was in reality
a strength. Not being an expert in the subject meant Kristin could offer help-
ful comments on what might confuse a novice when I made assumptions or
didn’t properly explain ideas. Kristin also kept a watchful eye when deadlines
approached. Oh how I didn’t want to draw her ire. (I’m half joking. She’s
actually a very sweet person . . . as long as I didn’t miss my deadline!)
As my trading mentor, Ian Woodward, once said: Many hands make light
work. In addition to Kristin, many Wiley staff members worked behind the
scenes. Russell Rhoads, the technical editor, ensured I wasn’t making things
up, and other editors — Todd Lothery, Jennifer Tucci, and Elizabeth Rea —
made sure my grammar made cents. (They must’ve missed this part!)
Though not involved directly in my project, per se, my family supported me
throughout. That meant a lot. It’s not something I can put into words — even
as a writer.
0011__229933668833--ffffiirrss..iinndddd vviiii 77//2288//0088 66::3388::2299 PPMM