Swing Trading for DUMmIES.pdf

Swing Trading

FOR

DUMmIES

‰

by Omar Bassal, CFA

Swing Trading For Dummies ®

Published by

Wiley Publishing, Inc.

111 River St.

Hoboken, NJ 07030-5774

www.wiley.com

Published simultaneously in Canada

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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

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 .

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.

Publisher’s Acknowledgments

We’re proud of this book; please send us your comments through our Dummies online registration

form located at www.dummies.com/register/ .

Some of the people who helped bring this book to market include the following:

Acquisitions, Editorial, and

Media Development

Project Editor: Kristin DeMint

Acquisitions Editor: Stacy Kennedy

Senior Copy Editor: Elizabeth Rea

Copy Editors: Todd Lothery, Jennifer Tucci

Assistant Editor: Erin Calligan Mooney

Technical Editor: Russell Rhoads

Editorial Manager: Michelle Hacker

Editorial Assistants: Joe Niesen,

Jennette ElNaggar

Cartoons: Rich Tennant

( www.the5thwave.com )

Composition Services

Project Coordinator: Erin Smith

Layout and Graphics: Stacie Brooks,

Reuben W. Davis, Nikki Gately,

Melissa K. Jester, Christine Williams

Proofreaders: Laura Albert,

Context Editorial Services

Indexer: Potomac Indexing, LLC

Publishing and Editorial for Consumer Dummies

Diane Graves Steele, Vice President and Publisher, Consumer Dummies

Joyce Pepple, Acquisitions Director, Consumer Dummies

Kristin Fergusan-Wagstaffe, Product Development Director, Consumer Dummies

Ensley Eikenburg, Associate Publisher, Travel

Kelly Regan, Editorial Director, Travel

Publishing for Technology Dummies

Andy Cummings, Vice President and Publisher, Dummies Technology/General User

Composition Services

Gerry Fahey, Vice President of Production Services

Debbie Stailey, Director of Composition Services

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