Can you swing trade blue chip stocks?
For the most part, you will be looking at blue-chip or large-cap stocks. While you can swing trade any stock, I like to stick to those for the most part. These stock’s price will vary from a high to low and have a relatively low chance of completely crashing as a penny stock does.
Can you make a lot of money swing trading?
There is a massive range of incomes for swing traders. Most swing traders will still need to work another job to fund their lifestyle, but may be able to pull a secondary income out of market each month. Finally, there is the small percentage of swing traders who make a very high (and consistent) income.
How to learn swing trading quickly?
If you are new to swing trading, the best way you can help yourself learn quickly is by picking the right stocks to buy in the first place. Look for large-cap stocks, because they have numerous shares changing hands at any given minute, and this makes them easy to buy and sell quickly.
How much money do you need to swing trade futures?
For futures swing trading, start with $20,000+. These are the minimums I would recommend swing trading with. Your income, in dollars, is tied to the amount you trade with, even though smaller and larger accounts can typically expect similar percentage returns on their trading capital each month.
What are some tips for swing trading penny stocks?
Sami recently produced a video about swing trading penny stocks which you may find interesting: Pick stocks to trade that match up with your intended holding time. We recommend going through your trading history to see the time frames of your most profitable trades.
Can you swing trade stocks with high short interest?
Stocks with very high short interest can often make sudden upside moves that blow shorts out of the water. These can be some of the most powerful swing trade opportunities imaginable. This is especially common with new IPO names that shorts perceive as mere fads.