The Swingtrading style I use seeks to take advantage of a trend or the reversal of a trend in the market. I look to hold a swingtrades for 1/2 day to 5 days. These swingtrades are different from daytrades in that I am willing to hold through some intraday movements against me.
The market always has a dominant trend, however, there are also a number of smaller trends covering various time periods. Swingtrading aims at taking advantage of the shorter term trend changes, or swings, that take place in a stock within the dominant trend to profit in the market.
Brandon |
