I haven’t done swing trading yet. What’s the best way to go about it?
Swing traders are holding their trades for days and weeks.
It is most successful form of trading over A LONG TIME. If you look at history of any trader, after doing all kind of trading, they usually shift to swing trading.
In Intraday trading you have to be very quick and responsive, that can exhaust traders. We know as a human you can not make so many decisions right and that too in given time frame.
Swing traders are looking at bigger picture so in this way they can avoid doing over trading, pay less transaction cost, more time to think before entering into trades, less no of trades so managing is easy.
Yes the overnight risk they carry sometimes give them negative return or whipsaw their profit overnight, but not so common because if risk management is in the system they will eventually make profit.
So doing swing trading with proper Risk management and a trading system can anytime beat market return and brings positivity to trading.
Suppose doing 10 trades daily paying 1000/- cost, and making 10k, it will cost 6hours of screen time
doing 1 trade holding it for week and paying 100/- cost and making 10k, more time in analysis and less screen time. If you ask traders in the long run they would prefer second option.
second option is more feasible in long run.
People who have a very wrong notion about day trading usually comes from people who haven’t done it or haven’t done it properly.
I can’t talk about swing trading, as it’s not what i do. Neither do I want to judge anything here.
Some of your perspectives were quite funny as well as a bit ignorant.
We all wait for a setup. And the secret is, day traders too have a set up. And at times, setup doesn’t happen everyday. Even if does, say, i take 2 trades only. There is nothing as so lighting fast, phew phew bang bang zip zap 
.
That’s what we think we all look for? The bigger picture, the 
.
I can quote you whole day. But seems so girlish thing to do.
And day trading doesn’t mean, one has to sit for whole day.
But again, there will be others who take multiple trades, who sit for 6 hours. But what if he turned out to be a black shirt trader, a successful one.
And the bigger question is, are you a successful swing trader ?
Cuz in my eyes, anyone can be good at either or any instrument. There is no exact one.
One can even horribly fail as a swing trader.
Dissing something which you are not good at and generalizing it doesn’t suit things.
It’s like that advice, Oh you lose money trading. Damn, you must invest. It’s long term, see.
Then he goes and invest in yes bank.
See one can horribly fail at investing too.
…
Moral: when it comes to the market, i can never say for sure this is the simpler way to make money compared to that.
I usually don’t come out like this. But damn, i feel like lashing out one today.
Swing traders Do few things to manage risk properly :
(1) Avoiding over leverage trade
(2) Have extra fund in trading account to manage existing position
(3) Have hedge position overnight.
(4) Avoid carrying any position in case of any major event i.e. Fed Policy, Budget day etc.
(5) Diversify their strategy i.e. mixture of range bound and trending strategy
(6) Trade with proper risk management, follow 2% rule.
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Relax man, you’re looking at it from an emotional perspective.
Traders who are following a setup, they are successful no argument in that. But we are talking about the masses.
Who blow up their account to feel the thrill of trading, that is happening with most Intraday traders.
You try to time the market in intraday, you just have 6 hours to play your game, what if your TP/SL is still there but price is in between. You’re left with no option but to exit.
You leave money on the table, and psychology hits hard.
But emotion control and rational thinking are much better in Swing trading. No doubt about it.
Intraday trading has its own benefit you start fresh with bias but to practise this exercise is not for everyone.
As Nitin posted in one of his posts only 1% of traders are able to beat FD return over the years, we know how difficult it is to survive and make money.
Two types of traders exist:
Those who like to make their living and those who are part-time side income.
For the first case if you would definitely want to survive in the market for a longer time and their swing trading helps.
Day trading is good for lower capital but as you grow with the time to handle bigger capital eventually people shift to swing trading.
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Oh yeah, is that so.
Teach me then.
B.S.
Damn! The more i read your post.
I should not react like this. But feels like twit fight adrenaline. I thought I left it years ago.
But i read it again. Try to make sense. Then
