Followers

Tuesday, September 26, 2006

Thoughts on Swing

In my profile, I've stated that I want to make money by swing trading. The reason that I want to swing trade is because at this point in my life, I am not yet ready to make the transition to trading for a Living. There, I said it! I'm not trading for a living, but I have spent a lot of my time recently reading about the different positive and negative aspects of pursuing this as my new "career." I actually have some seeds of fear, uncertainty and doubt planted in my head that needs to be removed if I am ever to be successful at trading for a living. Starting this journal was one of my strategy for attacking that FUD.

Anyways, given the limited time I have to commit to this, I feel swing trading offers more flexibility and gives me a more reasonable chance of success. Unfortunately, I have been reading a few daytrading blogs lately, and as interesting as they have been to read, I don't think they have improved my swing trading tactics and strategies. Also, I haven't come across any good articles on swing trading (other than Dan Fitzpatrick's freebies offered on theStreet.com). Perhaps I will have to bite the bullet and purchase some more books that have been recommended by other traders that I follow.

2 comments:

Richard said...

The daily alphatrends and bulltrapper videos cover swing trading examples.

I personally don't know of any differences in the swing trading vs. daytrading approach. Certainly watching them swing trading in those videos, it sounds a lot like what I do when daytrading. Swing trading leaves you exposed to news and the overall market motion longer, of course.

Phileo said...

Thanks for offering the websites Richard, I will be sure to check them out.