you completely missed my point.
There are trading styles for EVERY personality, EVERY level of trading experience, EVERY risk level, EVERY daily schedule, AND EVERY STOCK.
Swing trading works. I have been doing it for almost 15 years. But so does buying and holding long. I have also been doing that for almost 15 years.
Some people should not swing trade. The do not have the knowledge, personality, risk tolerance, or time to do so successfully. The should either be buying a nice safe CD or Mutual Fund, or they should find a stock they trust, perhaps a NYSE, NAZ, or Amex company, and buy and hold. If they do that for years, assuming they have years to do it, they can be somewhat successful.
Other people simply do not have the patience to buy and hold. And some people do not have the time left due to their age, health, or financial circumstances to buy and hold for years for a nice safe small percentage return on their investment. They may be able to reach their goals faster, easier, and with no less certainty by swing trading, day trading, or even scalping (though the latter is quite difficult for a novice to do successfully).
There is no one size fits all in the stock market.
Some people make '$millions short trading stocks. And there are a couple of brokers who will even allow it in penny stocks with the right collateral. Of course, if one has the money for the collateral, it might be wiser to put that money to work in other ways. One thing is certain however, there is no shortage of penny stocks that go down instead of up. So short trading pennies can be very profitable. The downside to doing so, is the the very same reason people play them long. Because they are almost always startup companies, there is always that hope (or fear if you are shorting them) that they will come out with blockbuster news that will take them to the moon.
But it is said that a full 80$ of all startup companies close the doors in just a couple of years. And the percentage is even higher in the tech world. So those who play the downside have the odds in their favor.
But if one does their homework, and uses the Internet to its full potential, they can even out the odds a little more in their favor. But only if they treat their trading like a business, instead of coming at it like they are bipolar.
When finds that one diamond in the rough, that one in a thousand stocks that really has a chance, then there is no legitimate reason for only swing trading it. If the stock really does appear to have a future, then one would be wisest to swing trade with some of one's money, and buy and hold with the rest, perhaps by using a dollar cost average approach that lets one average out the risk.
And of course, most professional traders would suggest that one should take cost basis off the table at the first sign of profit, so one is playing the game with house money from then on.
Trading like that eliminates the need for the constant pumping and bashing that is so often seen in penny stocks. One can actually trade them short, short-term, and long like a professional, emotionally neutral yet intellectually engages. In short one can approach short and long-term trading like a business, instead of some Vegas slot machine.
And more to the point of my other post on the issue, one never needs to destroy others who trade differently.
There is no right way or wrong way to trade stocks. There is only the way that seems right to the trader, and that they can master.
One does not have to choose between one trading style or another because one is BAAAAD and the other is GOOOOD. One should find the style that fits their personality, experience, and needs, and master it.
ALL LEGAL PROFIT IS GOOD PROFIT, AS LONG AS IT IS NOT MADE ON THE GRAVES OF OTHER TRADERS.
TPP
