Can you make money swing trading

Day Trading , Swing Trading , Trading Article.

Vantage Point Trading | How Much Money Do I Need to Swing Trade Stocks?How Much Money Do I Need to Swing Trade Stocks?

I guess the many stories mostly phony that people read in the emails that advertise the newest and greatest trading system, still has them convinced that day trading is the only means to make money trading. Yes, there are advantages to day trading and one is the ability to bounce back after a loss. Another is you can end almost ever day in the positive if you adhere to successful trading habits.

Commissions spread in Forex and the easy access to overtrading can take your winning day and turn it into a loser very quickly.

You must have a handle on the various psychological factors that make up a positive trading experience. There are some books out there that can assist you in understanding where your psychological makeup falls flat. Look for any book by Van Tharp, Mark Douglas or Curtis Faith yes, the Curtis Faith who make millions as a Turtle. I will be the last one to knock day trading. I do it in the YM and the NQ.

As a well-rounded trading business, I also incorporate swing trading into my routine. The results of another trader does not have a bearing on your ability to succeed or fail in trading.

Even trading the exact strategy, you can expect different results.

Now, I have shown charts and accounts before but have always taken out the non-important details. Those details are money made. For people reading these posts, that is not as important as the concepts behind the trades. It is not as important as the thoughts and lessons behind what occurred. This time, and probably the only time, I will show the unimportant. This trade the red vertical line was a swing trade that occurred in late August. While the sell limit order was obviously set up while awake, it triggered when I was asleep.

It was a small risk and almost a 4: Now, I stuck to a higher time frame to monitor the trade, twice, while it was live. In reality, on lower time frames the trade triggered, went into profit and then reversed back to the open price! On the monitoring time frame…there was no reason to adjust.

The profit speaks for itself. You may see profit disappearing during a retrace. You may see big profits and want to cash out. You may take a loss and then itch to make it back leading you to take a non planned trade.

Then again, spread costs are virtually meaningless due to the profit targets and if you commit to not tinker, it is a more relaxed of trading. At the end of the day, you can make some serious income with very little work…although with much experience and understanding mechanics. There are benefits to swing trading that make it not just about the money.

The stress level is much lower and if I miss a day of day trading, I worry not too much about the lost income. Actually, swing trading profits are used, in part, for the day trade account.

Reinvesting in the business! Day trading is a tough road to many. Swing trading is accessible and doable for most. Commit to three months to hone in on a swing trading strategy and start putting this method of trading to work for you.

You CAN make money swing trading.

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Swing Trading Does Make Money. I want to tell you again that it is not accurate. Addicting and dangerous, but that is another story. There are also drawbacks to day trading. Drawbacks To Day Trading Commissions spread in Forex and the easy access to overtrading can take your winning day and turn it into a loser very quickly.

How swing traders make money | stockbee

I want to show something today only to prove a point. The trade was live for about 29 hours before hitting profit target. Not Easy Seeing Drawdown Now, swing trading can test you. Make no mistake…there are profits in swing trading. The following two tabs change content below. CoachShane Trader at Netpicks. Shane his trading journey in , became a Netpicks customer in needing structure in his trading approach.

His focus is on the technical side of trading filtering in a macro overview and credits a handful of traders that have heavily influenced his relaxed approach to trading. This has allowed less time in front of the computer without an adverse affect on returns.

5 Ways to Make More Money Swing Trading - Trading Heroes

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