How Swing Trading Can Propel Your Wealth Creation
The dirty secret of investing is that the traditional buy and hold portfolio is dead.
Well, I’m exaggerating a little, but make no mistake, increased stock market volatility is forcing change.
By including an element of swing trading in their portfolio,
investors can evolve their approach to match the new investing world.
This evolution can both mitigate increased volatility and accelerate their wealth creation.
What is Swing Trading?
Swing trading can go a long way to counter this volatility and add extra juice to investors’ returns.
Swing traders aim to profit from changes in prices over as little as a day to several weeks.
While long term investing has a timeline measured in months if not years, swing trading has shorter time frames.
While you still might struggle with the concept of swing trading, you may be more familiar with day trading.
Day Trading Vs. Swing Trading
Typically, day traders will use 1 hour, 30 minutes, 15 minutes, 5 minutes, 1-minute, or even ‘tick’ price charts.
As the term suggests, day traders look to profit immediately from very short-term moves in the price.
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