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    Thread: Swing Trading

    1. 06-10-2012 04:52 PM #1
      Hi,

      Does anyone here do swing trading? Buying and holding stocks for a few days or weeks? I realize it is a risk, and takes homework before pulling the trigger. In the past I've held stocks for a number of years. Just curious to hear your take on it.

    2. 06-11-2012 04:25 PM #2
      Never with my own money. I do some extremely short term trading for work but nothing as straightforward on a set of trading rules as swing trading.

      My take on these strategies for the most part is that there are algorithms out there that do it, and can do it, much more efficiently and profitably than you can as an individual. Some algos also exist that 'know' what swing traders will look for to front run them. My advice: only trade on these methods with money that you are 100% comfortable losing.

    3. 06-11-2012 09:04 PM #3
      There can be big tax implications that come along with swing trading, so I hear. If you make some significant change, you're paying captial gains.

    4. 06-11-2012 09:58 PM #4
      I've been trading since June (2011), doing what you're describing. I enjoy it, plus I've been able to turn a profit since I started. I've gone through a lot of ups and downs, and have and still am learning a lot as I go. I've played major stocks, pennies, and the pump and dump scams. Pumps and dumps are a rush and a lot of fun, but are dangerous as hell. If you ever play a pump and dump watch it like a hawk and take profits. There's no rhyme or reason to them and the bottom falls out without warning and falls FAST!!!

      Like torxim said though, play with only money you can afford to lose. I've seen a few people so far think they're going to get rich on "the next big thing" only to lose their savings.

      There are tax implications, so make sure you keep track of what you make so you can put money aside to pay those taxes at the end of the year.

    5. Member jnm2.0t's Avatar
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      06-14-2012 12:12 AM #5
      A big problem is the delay in the data you have available, you are trading on 15-20 minute stale data... all the real money has been made by the brokerage houses and banks in that time span.
      I'm just a regular Joe, with a regular job. I'm your average white, suburbanite slob.

      You could not pay me enough to own another Ford or another hybrid ever again.

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      06-22-2012 12:49 AM #6
      Quote Originally Posted by jnm2.0t View Post
      A big problem is the delay in the data you have available, you are trading on 15-20 minute stale data... all the real money has been made by the brokerage houses and banks in that time span.
      I never buy anything I'm not willing to hold. I made good money buying on limit orders and selling on the same in 2009. I agree that the institutions hold all the cards but there is money to be extracted from market volatility. I'm back in after a several year hiatus. We'll see how it goes this time. I'm not looking for outsized returns but to beat inflation which means that 4 or five trading cycles in a year will accomplish that. Will I under perform if there is a bull market? Of course but if nothing much changes for the next year I'll be way ahead.

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      07-05-2012 08:03 PM #7
      Update:

      1/2 my funds are back in cash after making just under 4% in 30 days. I have a buy order in to reinvest this money so... Not bad.

      Oh wait, my other half is currently down about 9%. I don't have the stones to sell and chase the bottom so that money is locked up and I'm down 5% over all. Which reminds me why I only did this for about three months last time. Risks vs. Rewards brings stress. Fortunately the money is superflous to my needs at this time. It is gambling.

    8. Member bootsmagee's Avatar
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      07-06-2012 02:33 PM #8
      Morpheus Trading Group has a lot to offer in terms of learning a swing trading system. Not just from their paid service, but their free blog/videos as well.

    9. 07-07-2012 11:27 AM #9
      I appreciate the insight. Thanks for the resources before I move forward. No one knows where the market is headed the next days, weeks, and months for that matter.
      First 1987 Oldsmobile Cutlass Ciera SL owned from 1996-1997 driven 10,000 miles. Next-1988 Honda Prelude owned from 1998-1999 driven 12,000 miles. Next-1987 Mustang GT owned from 1999-2000 driven 20,000 miles. Next-1993 Jeep Wrangler Sport owned from 2000-2003 driven 58,000 miles. Next-2003 VW 20th AE GTI owned from 2003-2010. Driven 135,000 miles. Next-2006 Nissan 350Z Touring owned from 2010-2012 driven 35,000 miles. 2007 VW GTI bought 6/2012.

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