Member-only story
Swing Trading for Extra Income: A Beginner’s Guide
Unlock the potential for additional income through swing trading. This beginner’s guide offers a step-by-step approach to help you harness the opportunities in the stock market.
Why Swing Trading?
I prefer swing trading most of the time because it occupies a middle ground between investing and intraday trading. Intraday trading often requires constant attention, which can be emotionally taxing.
On the other hand, investing demands a significant amount of time and patience. Swing trading, however, allows you to enter a position and, typically within five days to a month, make a profit or take a loss and exit the trade.
Unlocking Profitable Swing Trading
People often believe in complex things and think only experts can handle them. If I share the strategy below, most people won’t even bother to read the entire article. Come on, man! If it were that easy, why aren’t most people making money? The answer is — We never stick to the same strategy after 3–4 stop losses and always look for a new one promising over 90% accuracy. This cycle has kept us stuck for years.
I’m using the 50 simple moving average! At this point, I might lose half of the readers, but trust me — if you stick with me until the end of…