Making A Living Swinging.

This is a discussion on Making A Living Swinging. within the Discretionary Trading forums, part of the Methods category; Apollogies for boiling the whole trading affair down to money, but would i be right in saying that it is ...

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Old Dec 4, 2003, 12:39am   #1
Joined Jul 2003
Making A Living Swinging.

Apollogies for boiling the whole trading affair down to money, but would i be right in saying that it is easier to swing but riskier to day trade, thus needing more money as a swing trader to trade for a living, money management wise?
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Old Dec 9, 2003, 12:09am   #2
Joined Feb 2003
peedee

I think it all boils down to perceptions and very much to your style of trading. My perception of anything longer than a daytrade is having a larger account and taking a smaller position. Trading in line with each trend depending if it be the short, intermediate or long. Trading over days weeks seems to require the ability to set a wide stop in order to give you some room.

The main problem with daytrading is the need for some like me to sit in front of a computer, others will make a simple assessment place appropriate orders and stop with targets and walk away.

How one trades depends on the profit. If you are a selective daytrader then the signal you follow has an amount of success or low risk to it. How often could you have followed a specific signal during the day and taken 5 points from it. For daytrading it seems to me the best way to approach it is to find a specific signal that works more often than not. By work I mean returns a level of profit you are happy with and produces much fewer losses than gains. Thinking of those 5 points, if you had a signal that fell into such category and traded at £200 a deal then £1k would be a good return.

It brings me back to perceptions and trading style and objectives.

What do you want to make in a day, some say £100 others talk of £10k and so on as long as you make enough to live on without giving yourself an ulcer in the process that must be the objective.
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Old Dec 9, 2003, 12:12am   #3
 
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There are special web-sites for swingers.
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Old Dec 9, 2003, 12:17am   #4
 
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Where..??

Haven't told the wife yet..

Cheers Snip
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