[TOPIC] Which stock do you pick for swing trading?

Tiger_comments
2023-01-20

Hi, tigers! Do you prefer to holding a stock forever like Buffett or doing swing/day trading? Today I want to ask if you which stock do you pick for swing trading?

What is swing trading?

Swing trading involves taking trades that last a couple of days up to several months in order to profit from an anticipated price move.

Note:

Different from day trading, positions are held for longer than a single day in swing trading.

The period of swing trading are divided into different cycles: short cycle (a few days, within 3 months), medium cycle (several months and years), long cycle (more than 5 years)

How to find swing trading opportuinities?

1. You need to identify a stock/any other underlying target that you are bullish. That means you are confident on its fundamentals under the current environment. For me, I choose $Netflix(NFLX)$ (but should be cautious during earnings season), my colleague may go for $Semiconductor Bull 3X Shares(SOXL)$.

2. Swing traders primarily use technical analysis to look for trading opportunities. You can refer to indicators like Elliott Wave Theory, Moving Avearage or other indicators.

3. Macro trend can present good opportunities. For example, when Powell’s speech or CPI or other data hit the broader market,(not because the company’s own problem) you can buy the stock at low and sell at the previous high.

Which stock do you pick for swing trading?

📒How to participate:

Click to enter to the topic and post:

Which stock do you pick for swing trading?

You can refer to the format as follows:

I pick $Netflix(NFLX)$ for swing trading last year cause its ad plan makes it perform very strong in 2022. 

Which stock do you pick for swing trading?
Do you prefer to holding a stock forever like Buffett or doing swing/day trading? Swing trading involves taking trades that last a couple of days up to several months in order to profit from an anticipated price move. ---- [TOPIC] Which stock do you pick for swing trading?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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