When it comes to choosing your stock trading style, you've got 3 basic options: day, trading, and swing trading.
While all 3 can yield profit, swing trading has some major advantages over the other 2: 1.
If you're a swing trader, you don't need to spend hours each day in front of your chart software like a day trader does.
To put it frankly, day trading is more like a job than anything else.
It defeats the whole purpose of trading, as far as I'm concerned.
2.
Position trading requires you to hold your position for months and years.
While this can be excellent, it does mean that you will not be able to realize your potential profits for months and years.
To put it bluntly, this is forgotten money.
Swing trading is an excellent midway option: you hold your positions for days or weeks and you can do it with a minimum of time investment.
Swing trading, if done right, can yield massive profits in a short time.
What a swing trader does is learn to identify the natural ups and downs of stocks in the market.
Stocks usually move in oscillations and this can be exploited to make a substantial profit over and over again without even a major shift in stock prices.
In order to be a successful trader, you need to have a solid swing trading system which you can apply over and over again.
Swing trading isn't as emotionally turbulent as day trading.
You need to have discipline and work systematically for this to succeed.
Swing trading is perfect for people with jobs and busy schedules who wish to make hundreds or even thousands of extra dollars each month.
It's a great way to achieve a greater degree of financial independence.