If you're reading this, you've probably heard the term "Swing Trading" and people talking about it, or you may know people who profit from it. So, what exactly is swing trading? Let's get started.
Swing trading is a trading methodology that, unlike day trading (intraday) or scalping, takes positions for a few minutes or seconds.
Swing trading involves the trader holding the stock or position for more than a day. This is a speculative strategy in which the trader follows the market's direction. This trading strategy generates small and medium profits. Swing traders are quick to move on to new opportunities. The stock moves like a swing, up and down, forward and backward, as the name suggests.
The underlying principle is the same. The swing represents the stock, and we attempt to profit from its movement. Let's take a closer look at swing trading.
What Is Swing Trading and Why Is It Important?
The significance of swing trading is determined by the trader's mindset and ideology. We will not compare which trading method is superior because it is unique to each individual. Read more on: What is Swing Trading?
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