You can earn a living in this world in many different ways. The most common way is by mastering some skill such as medicine in the case of physicians, or computers in the case of information technology experts and exchanging your time for money.
The more skilled you are, the higher your compensation. The upside of mastering a skill is clear: You’re relatively safe with regard to income. Of course, there are no guarantees.
Your skill may become outdated (I don’t believe that many horse carriage manufacturers are operating today), or your job may be shipped overseas. You also have a maximum earning potential given the maximum hours you can work without exhausting yourself. But there’s another way to make a living.
Swing trading offers you the prospect of earning income based not on the hours you put in but on the quality of your trades. The better you are at trading, the higher your potential profits.
Swing trading takes advantage of short-term price movements and seeks to earn a healthy return on money over a short time period. Swing trading is a good fit for a minority of the population.
It involves tremendous amounts of responsibility. You must rely on yourself and can’t be reckless or prone to gambling. If you’re not disciplined, you may end up with no income (or worse).
This book is a guide for those of you interested in swing trading. To understand swing trading, you should understand what it is and what it is.
Swing trading is the art and science of profiting from securities’ short-term price movements spanning a few days to a few weeks one or two months, max. Swing traders can be individuals or institutions such as hedge funds.
They’re rarely 100 percent invested in the market at any time. Rather, they wait for low-risk opportunities and attempt to take the lion’s share of a significant move up or down.
When the overall market is riding high, they go long (or buy) more often than they go short. When the overall market is weak, they short more often than they buy. And if the market isn’t doing all that much, they sit patiently on the sidelines.
