Not long ago, there were far fewer swing traders than there are today. The market was making a habit of generating large intraday moves day after day, providing continual opportunities for day trading which offered plenty of potential to capture profits. There was lots of volatility, which in turn provided lots of emotion and opportunities for traders to profit from with even the shortest of timeframes.
Times have changed, and when market conditions change, it’s wise to adjust with them! Day trading still offers opportunity in a different form than it once did, but many would-be day traders have now shifted to a multi-day timeframe called swing trading.
Through this approach, the self-directed momentum investor is able to locate larger moves which play out over the course of a few days to a few weeks. Watching every tick of the market is no longer necessary, because with the advanced tools offered by today’s brokers, a “set it & forget it” method has a lot of merit.
Benefits of Swing Trading
Swing trading here at TheStockBandit.com comes with a lot of benefits whether you’ve been at it for years or you’re a little less experienced.
Newer traders are able to learn a tremendous amount from our nightly analysis. Not only do they see how to evaluate overall market conditions, but they find out what components make for a good trade setup. They learn where to place stops, how to recognize support & resistance zones, and how to minimize risk and maximize reward. Weekly in-depth trading lessons and daily reviews of open positions allow the astute swing trader to look through the eyes of a veteran trader, dramatically reducing their learning curve.
Experienced traders recognize the ease with which they can use our service, grabbing (in true Bandit style) nightly trade ideas and the key levels associated with those trades (entry, stop, and targets). They can quickly catch up on the day’s events, modify their trading plan as necessary, and even add a good couple of hours to their evening just knowing we’ve thoroughly scanned the market for them.
Longer Trading Timeframes Bring More Freedom
Discerning traders realize that in an age of narrower trading ranges, fewer opportunities will surface on an intraday timeframe, leaving swing trading as the best alternative.
By swing trading, every single trade can be structured with the proper risk/reward profile so that more money is made when right than lost when wrong. Larger moves of up to a few weeks can be captured, and gaps in a trending market tend to favor the trader holding overnight positions in the same direction.
Less time is required to manage money per day, which offers tremendous freedom to those who swing trade and want to be able to walk away from their screens. The set-it-and-forget-it approach we take also helps to smooth out the emotional roller coaster that active traders so often struggle with (much to their detriment). After all, the idea is to profit over time, not fret over every minor move your stock makes.
So whether you’re seeking to accelerate your trading education by putting our experience to your advantage, or if you simply want to save time each night by letting us locate the setups for you, we’re excited to trade with you!
