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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: skinowski who wrote (35224)5/11/2019 5:16:57 PM
From: Rarebird  Read Replies (1) of 41494
 
I think it is very difficult to swing trade properly if one has another profession. For years, I used mutual funds when I was working full time. It becomes a question of time perusing charts, listening to conference calls and there is no substitute for watching how equities trade throughout the business day. I would go so far as to say, it is negligent to own individual equities while one is working full time. One is asking for trouble. People get into trouble when they throw money at individual stocks without monitoring it on daily and intraday basis. There is a certain feel one gets by doing it full time. More importantly, attention to detail is lost when one works at another job during market hours.
I tried swing trading equities while I was working full time and it did not work well. When I owned mutual funds and adopted a buy and hold attitude and just checked prices at the end of the day, I did extremely well.
Now that I devote full time to swing trading, my performance has improved dramatically. I can't emphasize enough how swing trading is in itself a full time job, which requires lots of time and work.
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