Swing Trading

 Swing trading is a popular approach to making profits in the stock market, but how likely is it that you’ll succeed? In this blog post, we’ll dive into some statistics, strategies, and key factors that could influence your chances of becoming a successful swing trader. Understanding the Odds: How Many Actually Succeed? Success in swing trading isn’t guaranteed. Studies indicate that approximately 10% to 20% of traders are consistently profitable. For instance, a report by the U.S. Securities and Exchange Commission suggests that a small percentage of retail traders consistently make money over the long term. The reasons for this vary, including discipline, risk management, and experience. To succeed, one must understand that trading is a marathon, not a sprint, and that the odds are stacked against the majority who lack a well-defined strategy. ...

 As I continue my journey as a trader, I’m learning that it’s not just about the trades themselves but also about the tools and strategies that support them. In this post, I’ll delve into how I’m leveraging my coding and automation experience, along with AI, to enhance my trading performance. Utilizing Coding and Automation One of the biggest advantages I have in my trading journey is my background in coding and automation. By creating scripts and automated processes, I can streamline many of the tedious aspects of trading, such as data analysis and monitoring market conditions. In the future, I will be dedicating specific posts to share and describe each script and iteration of these efforts. This will include detailed explanations, code samples, and the thought process behind each automation, so you can follow along or even adapt them for your own trading journey. ...

 My Journey as a Beginner Trader I’m not a successful trader. In fact, I haven’t made any money trading yet. I’ve been losing money in the stock market, trying my hand at swing trading. So, why should you keep reading this post? Simple. Unlike other posts or YouTube videos, I haven’t made it in the trading business, and I’m not rich. Instead, I’m here to share my journey with you, showing every step of the way, my progress, my failures, and so on. ...