I’ll Choose FAANG Stocks For Swing Trades In 2023😉
Swing trade is a type of trading that tries to secure short to medium term gains💰 in a stock over a few days/several weeks🗓, by profiting from high volume swings like short squeezes/earnings improvements.
⭐️ Profitable swing traders are usually quick with their decisions & have a variety of strategies to ensure & enhance profits⏱📝
⭐️ Using options is an attractive way😉
⭐️ Swing traders mostly use technical analysis to find trading opportunities, but may use fundamental analysis in addition to analysing the price trends & patterns.
⭐️ Technical signals are more important than price ratios & debt load since it’s a short-term trade ➡️ Hence, even if a company has a massive amount of long-term debt & dry cash flow, it can still be a perfectly lucrative stock for swing trade📈📉📈📉
Stocks Best For Swing Trading Have:
⭐️ Locating a catalyst that could trigger a strong move-in is the best way to start a swing trade💪💪💪
⭐️ A catalyst could be anything such as an announcement of ground-breaking tech, clinical trial of a new drug, or even the replacement of a CEO/top-level executive.
⭐️ We cannot expect to make big moves in a short time without a significant volume.
⚠️ It’s possible but rare that lightly traded stocks can be forced into big moves without much volume.
⭐️ The greater the volume, higher the volatility.
⭐️ Volatile stocks are ideal for swing trading stocks as they can help you profit from high-volume, short-term moves.
⭐️ If a 5% move occurs, we’ll have plenty of opportunities for swing trades.
The FAANG/MAANG Group Is My Preference For Swing Trades Given Their High Volumes & Volatility To 🗞🗞🗞:$Alphabet(GOOGL)$
$Meta Platforms, Inc.(META)$ The huge influence of social media in everything around us (including economy, politics, sports, finance, & family) makes Meta an ideal swing stock. Meta has dived because it’s burning cash🔥💵🔥 investing in the Metaverse.
Fellow 🐯🐯🐯 Do share the stocks you like for Swing Trades in the comments section as I love a convo❣️ Please help to click on the “Like” button at the Bottom Right corner, many thanks🤗🥰 You will Greatly Encourage Me❣️ Follow me if you enjoy reading my analytical stock research🔍 presented in a fun & easily understandable way😉
As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
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.