Day trading might sound like a fun way to make a living but it s a hard game for new traders to break into.
Swing trading stocks for a living.
You buy a stock on monday.
You can not apply swing trading strategies to all stocks listed on the stock exchanges.
I m going to keep this post brutally honest about my own journey.
This will be a typical three or four day swing trade.
This is the same way with any business.
That s why i want to pull back the curtain and provide a bit more insight into what is actually required to swing trade for a living full time.
I started out by doing a trading course.
And there are some very common reasons that most new traders fail to achieve their dreams of trading full time.
You need to dedicate a large portion of your time to swing trading to benefit financially from swing trading.
While i believe you can make a full time living from swing trading it s not easy.
To some it seems like an impossible fantasy but it is possible to make a living trading stocks the real question is if it s probable.
Let s say you decide to trade stocks for a living.
Stock enthusiasts commonly wonder whether it s possible to make a living trading stocks.
Volatile stocks are good swing trading stocks because swing traders profit from.
In this article i will be covering the 5 things required in order to successfully swing trade for a living which will help overcome the challenges of not being able to closely track and monitor your trading performance.
Swing traders typically try to buy a stock hold it for two or three days then sell it at a profit.
The idea that you could quit your job and support yourself just by trading stocks is fascinating.
Fortunately for me this was actually quite good the 2 traders that thought it were great to me.
Many swing traders who ask me is swing trading for a living possible don t understand that swing trading like any other activity takes a full time commitment.
I would attend this course at night after.
It s a lot like.
Swing trading is the buying and selling of stocks all within the timeframe of a few days or several weeks in an attempt to gain a profit from the price changes or swings.
Not all stocks are suitable candidates for swing trading.