4myfamily

Over the years I have been a buy and hold investors, but lately I have been flying with a few people that have been doing something called "Swing Trading" with stocks using shares and options.

What they shared with me was that they get in and out of trades in short time frame - 2 - 14 days. Definitely not day trading which I have no interest in what so ever.

I had never heard of this concept, but logically it makes sense to me especially when you look at a chart over several months.

If anyone has any insight or information I would appreciate learning more as I am on reserve and have time to learn the process.

Thanks!

FullFlaps

Amazon swing trading and there's a bunch of books.

Start with technical analysis. If you're truly bored get a CTA.

Swing trading is broken up into various strategies the most popular betting momentum or trend / reversion trades. Swing trading isn't really a low latency strategy but execution is important.
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If you're using leverage choose you're brokers wisely and know the docs.

Starting out there are brokers that give you access to algos and allow you to back test strategies. At a certain level you don't want brokers knowing what you're doing. You'll have to use multiple brokers or get licensed and use multiple clearing firms.

To make real money at this you will need to spend money on technology. Servers, computers, screens, programmers, data feeds, etc.

Education in any market is not free. It will take discipline and years of wins / losses / losses / losses and frustration. Most of the market wizards today took years / decades with massive failures before they are where they are today.

Pilsung

Try:
“Long-Term Secrets to Short-term Trading”
-Larry Williams
Great guy and one of the best out there (His 1987 Robbins Cup performance is legendary). Mostly a futures and options guy, but his analysis and logic can be applied to virtually any market- I’ve learned more from Larry Williams than all other traders combined...

4myfamily

That sounds way more complicated than the other guy was talking about.

4myfamily

I have download the book and look forward to reading it. Thanks for the tip.

aiir

I’m curious, what in your opinion are some good brokers on the retail side? I currently use Interactive Brokers (Pro) but they can be very strict with their margin requirements and subsequent margin calls.

FullFlaps

All brokers play the same games with margin calls etc retail or institutional side. Interactive brokers gives you a lot of tools vs the other brokers especially if you're tech savvy.

They seem to be the dealer of choice for budding quants / algo guys.

As with all brokers and clearing firms make sure you're going through your blotter looking for "discrepancies".

aiir

...very true, and yeah, over time I have come to realize that with all brokers one must remember that it’s strictly business and they are neither friend nor foe, although, like all business nowadays, they all try to paint a different picture.