How to develop a good swing trading strategy?
Asked 3 years ago
I want to learn how to work with swing trades, but I don't know how or where to start developing a strategy. Also, what are some good swing trade stocks to begin with?
Andia Rispah Igobwa
Sunday, October 24, 2021
If you want to cut your losses fast, swing trading could be the perfect strategy.
In swing trading, a trader focuses on swings in stock prices for a couple of days.
Although the profit margins are usually small, with consistency, you can make good returns.
For instance, instead of targeting margins of 20%, you can settle for 5% over a couple of days.
Swing trading best works if you can't monitor the charts the whole day.
However, to be successful, you should spend a few hours scrutinizing the market and study trends.
Generally, as a swing trader, your aim should be to buy at swing lows and sell at swing highs.
Some of the best stocks to swing trade in are Alphabet, Limbach Holdings, Oncorus, Unilever, SPDR Real Estate Fund, and Goldman Sachs.
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