Trading Lessons

When I started trading, I had no idea what I was doing. My “unique” strategy was to buy a stock and sell it a few weeks later — hopefully for a profit. I didn’t have any trading lessons and it was a HUGE problem!

I lost half of my small $500 account in two weeks and had no direction at all.

Fortunately, I quickly realized that strategy wouldn’t work for me. If I wanted to do better, I needed a different approach. I needed to put more structure in place so that I didn’t have to rely on dumb luck to make money.

Continue reading “20 Trading Lessons from Tim Sykes’ Top Student, Tim Grittani”

Swing Trading

Thanks to the internet and a wealth of online platforms, trading is accessible to the masses. Many people are enticed by the potential for speedy gains but fear they don’t have the skills or knowledge to be successful.

Often, when people think of trading at home, day trading is the first thing that comes to mind. However, the day trader approach is incredibly intense, and some beginning investors may shy away from it.

Additionally, day trading isn’t always right for experienced traders. Unless you have a lot of time to dedicate to trading, ensuring you can take advantage of quick price movements is difficult, to say the least.

However, longer-term approaches often lack a level of involvement. Whether it’s maintaining a buy-and-hold methodology or even participating in trend trading, the method isn’t particularly active. In fact, it’s easy to become distracted along the way, leading to missed opportunities.

If day trading sounds too involved, but the idea of using a long-term buy-and-hold strategy leaves you uninspired, you may be worried that there isn’t an effective trading strategy for you. However, it is possible to find a happy medium, often by embracing swing trading.

Continue reading “Is Swing Trading Right for You?”