How long do you actually hold the shares as a swing trader?
Does it depend on the price - you probably won't sell at a loss 😉
Does it depend on the price - you probably won't sell at a loss 😉
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@__Chrstph__ That is very different. I am actually looking at holding periods of weeks to months. But the volatility of the last few weeks offers good opportunities in the short term.
In principle, I only trade shares (no derivatives), risk a maximum of 0.5-1% of the portfolio volume per trade, i.e. if positions go into negative territory, I can hold them for a while and wait - as long as I still have free cash to trade, I have no need to sell.
And I have a few positions that are currently in the red 😂 - Thanks Mr. Trump!
For me, only realized gains or losses count - I'm less interested in the current book position. I only sell at a loss if I'm no longer confident about a recovery.
I've been doing this for years, it's only a hobby with about 1 hour of time investment per day during the week, but over the long-term average (several years now) there is a nice mid 4-digit net amount left over per month 😉
With $RDC and $VER I've already achieved my target average for this week, but it doesn't always work like this - sometimes you need patience.
I worked out my planned trades for the first few days of this week yesterday evening, i.e. set the buy and sell levels, then it's actually just a matter of "executing" them 🙂
In principle, I only trade shares (no derivatives), risk a maximum of 0.5-1% of the portfolio volume per trade, i.e. if positions go into negative territory, I can hold them for a while and wait - as long as I still have free cash to trade, I have no need to sell.
And I have a few positions that are currently in the red 😂 - Thanks Mr. Trump!
For me, only realized gains or losses count - I'm less interested in the current book position. I only sell at a loss if I'm no longer confident about a recovery.
I've been doing this for years, it's only a hobby with about 1 hour of time investment per day during the week, but over the long-term average (several years now) there is a nice mid 4-digit net amount left over per month 😉
With $RDC and $VER I've already achieved my target average for this week, but it doesn't always work like this - sometimes you need patience.
I worked out my planned trades for the first few days of this week yesterday evening, i.e. set the buy and sell levels, then it's actually just a matter of "executing" them 🙂
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@__Chrstph__ Swings can run for days/weeks. In exceptional cases even months.
It is very important to sell even at a loss. If your case is no longer given or your trade runs into the SL, a sale is unavoidable.
It is very important to sell even at a loss. If your case is no longer given or your trade runs into the SL, a sale is unavoidable.
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•@TomTurboInvest Thank you for your detailed explanation 👍🏼
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@TomTurboInvest I thought that would be more time-consuming
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•@__Chrstph__ Success is not about time, but rather about focus, knowing what to trade, and more importantly, knowing what and when not to trade.
Time can also have a negative effect, the more time, the more time to burn money or make the wrong decisions.
That's why "trading" is so nice, you can do it alongside your job and family. And you can also take a break at any time, such as on vacation.
Some days I just check my current trades in 15 minutes and see if I need to adjust orders - just as I feel like it or still have energy.
Time can also have a negative effect, the more time, the more time to burn money or make the wrong decisions.
That's why "trading" is so nice, you can do it alongside your job and family. And you can also take a break at any time, such as on vacation.
Some days I just check my current trades in 15 minutes and see if I need to adjust orders - just as I feel like it or still have energy.
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