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Posted by: Karl Rudolf on 2009-12-16, 20:45:52
Swing traders are not day traders, rather these traders follow certain stocks and when they think those stocks are "cheap " they will buy. At the same time when the stock bought has increases enough to meet their investment goal, they will sell. Then they will wait until the stock goes down again, so they will buy again. The oil stocks in the past were good candidates because they tended to be affected by market news, trouble in the middle east, etc. Be sure as an investor, you have enough money to buy at least a few hundred shares at a time, so that the buy and sell commissions don't reduce your profits significantly. |
