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“The key to keeping your money is managing risk and always being vigilant on the mood or psychology of the market.” -Brian Pezim, How To Swing Trade: A Beginner’s Guide to Trading Tools, Money Management, Rules, Routines and Strategies of a Swing Trader
What is Swing Trading? Swing trading is known as a speculative trading strategy in financial markets where a tradeable asset is held for one or several days in an effort to profit from the price change. Said differently, swing trading attempts to capture short-to-medium-term gains in a stock. Swing traders usually hold a stock for a longer period of time, it can range from three days to three weeks.
Is Swing Trading Profitable? Yes, swing trading can be very profitable. Although it is usually good to have at least $5,000 to $10,000 ready to invest. Swing traders can beat the market over longer periods of time. There are no restrictions on the amount of swing trading stocks. It is always best have an amount of money large enough to buy stocks you intend to trading without risking too much of your trading account.
I am not an expert on Swing Trading but I do believe if you are a millennial that is already proficient in understanding the stock market. This is another way for you to generate income. Here is another link with more information.
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Wealth Always Reigns Supreme