I am not going to give the secret away: it took me too long for that. But think multi-timeframe.
My options trading was trading in 5 dimensions: the greeks.
I think so idd ... I have an algorythm that I use but I don't think it's programmable in the strictest sense. Part of it is applying after staring for over 10.000 hours at charts.
with swing trading, it is easy to manage take profits and stop loses because you can actually place your stop loss a bit further away from the market price to avoid getting stopped out prematurely and also your take profit targets a place a bit further away so that your risk to reward ratio are 1:2 or higher.
swing trading is much easier to learn and do than day trading
trading transaction costs due to spread are much lower than that of day trading because of less trades placed.
you have a lot more time to analyse trades and then take trades and therefore swing trading can suit someone who has a day job.
swing trading does not take a lot of your time…you can place your trade and walk away instead of baby sitting your trade like in day trading.
Swing trading is much less stressful than day trading.
Profits made a much larger than in day trading because you let your trades run of more than 1 day so the chance of increased profit much greater than in day trading.
Swing trading allows swing traders to ride out the trend for maximum profit extraction using this best trailing stop technique
Everything you typed above is patently false or misleading, except the transaction cost thing. That is a given. The rest are great in theory, but do not bear themselves out here in the real world.
with swing trading, it is easy to manage take profits and stop loses because you can actually place your stop loss a bit further away from the market price to avoid getting stopped out prematurely and also your take profit targets a place a bit further away so that your risk to reward ratio are 1:2 or higher.
swing trading is much easier to learn and do than day trading
trading transaction costs due to spread are much lower than that of day trading because of less trades placed.
you have a lot more time to analyse trades and then take trades and therefore swing trading can suit someone who has a day job.
swing trading does not take a lot of your time…you can place your trade and walk away instead of baby sitting your trade like in day trading.
Swing trading is much less stressful than day trading.
Profits made a much larger than in day trading because you let your trades run of more than 1 day so the chance of increased profit much greater than in day trading.
Swing trading allows swing traders to ride out the trend for maximum profit extraction using this best trailing stop technique
good attempt to tell us what you think / feel about swing trading.
For me, it is just the reverse.
day trading is much better than swing trading.
I hate swing trading. Swing trading is like taking one step forward,
and multi steps backward.
anyway, if swing trading works for you, by all means do continue using it.
