Can we Survive by Choosing Swing Trading?
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Possibilities of Swing Trading
Swing trading is far better than day trading and options trading. Unlike day trading, swing traders don’t need to constantly monitor the market, they can manage the positions by continuing their job or other work.
One of the primary advantages of swing trading is its flexibility. We can apply these strategies to various market conditions, whether it is a trending market or a range-bound one.
And also swing trading does not require huge capital compared to option selling, we can do swing trading even with 100 rupees also.
Benefits of Swing Trading
In the stock market, risk is always directly proportional to the returns.
You will have to implement high-risk strategies (option buying, day trading) to get huge returns and vice versa.
Swing trading is a medium-risk strategy that can give decent returns with minimal risk. With a proper stop loss and little technical knowledge, one can easily do swing trading even if you are a working professional.
The following are the benefits of doing swing trading.
Stress-Free Strategy:
Since swing traders don’t need to constantly monitor their positions, it will relieve you from stress and anxiety.
Higher Probability Trades:
Swing trading focuses on capturing ‘swings’ within a trend, which often have a higher probability of success compared to day trading, where market noise can lead to more frequent losses.
Diversification:
We can reduce the risk by diversifying the portfolio.
Successful Swing Traders in India
Many traders got succeeded in swing trading, here are a few traders who made huge returns in swing trading.
Ashwani Gujral:
With over two decades of experience in trading, Ashwani Gujral is a prominent figure in the Indian trading community.
He is known for his expertise in swing trading and technical analysis, often sharing his insights through books and media appearances.
Prakash Gaba:
Another seasoned trader, Prakash Gaba, has established himself as a successful swing trader in India.
His disciplined approach to trading and ability to identify profitable opportunities have earned him recognition in the market.
Sudarshan Sukhani:
Sudarshan Sukhani is a veteran trader known for his proficiency in both swing trading and long-term investing.
His strategic approach to trading, combined with a deep understanding of market trends, has contributed to his success over the years.
If you would like to learn swing trading, here are a few YouTube channels offering swing trading courses.
Ofcourse, with discipline and proper risk management every trader can make a living in all segments like swing trading, day trading, options trading, etc.
All you need is devotion towards what you are doing and proper planning.
Now a days most of the traders choosing stock market for easy money, but earning money from stock market consistently is very difficult. It’s better not to choose this field if you are not a serious trader.
Swing Trading – Suitable for Working Professionals
Before we get into discussing how to make life by trading in stock markets you must understand whether you fit in it or not.
First, does trading suit your appetite, if yes, then what should be your involvement? Once you are clear that you can wrestle stock markets comfortably then you should decide on whether to take part-time trading or full-time trading.
In part-time trading, you can seek guidance wherever it is essential and then continue to earn an additional income. But when you decide to live in stock trading then you must have a disciplined mind, regulate your emotions, and gather knowledge from all reliable resources.
In the trading environment, you can select different kinds of trades such as intraday, swing trading, future & options. Each sort of trade has its limited operative modes, merits, and demerits.
Now, coming up to your statement, ‘Can swing trading make a living?’ The answer is yes, you can make a decent earning provided you stick to regulated trading.
Remember, if you consider swing trading as your full-time trading activity that means you have chosen the most comforting forms of trading.
Swing trades are short-term with optimal returns and low risk. You have no time constraint like intraday trading where you need to buy and sell your stock on the same day.
In swing trades, you can hold your option call from a few days to a few weeks. While futures and options trading allows you to hold your stocks from months to years altogether.
If you prefer swing trading you will have a lot of time to make informed decisions thus cushioning you to recover from emotional breakdown as it erodes your presence of mind and dips clarity.
When you begin swing trading, remember it must be a personalized activity, and shouldn’t compare with your peers. Here are a few important factors that give you compelling results.
Important factors that are required to earn more in swing trading are analyzing charts, identifying trends, and applications of technical indicators. If you are able to acquire all essential skills then you can make the right entry & exit to generate high profit levels.
Qualities of Swing Traders:
Successful swing traders analyze market trends, identify profitable opportunities, and execute well-planned trades.
You may wonder about the initial investment that goes into the trading activity. Nice, if you opt for full-time trading, and if you are falling short of funds then you can begin with as low as INR 1000.00 to INR 100000.00.
After making a decision to aspire as a Swing Trader, you will have to overcome certain challenges from the stock markets. At the same time, you must build resistance and self-resilience at times of deep swings in the stock market volatility.