2 comments

  • Hello there, I find your blog post very interesting. Basically you say that swing trading is very difficult at the moment and one should switch to (intra)day trading? How do you screen for stocks then? Just before the market open, but 5-10 of the most promising stock on a watchlist and then just watch them the whole trading session?

    Thanks, Peter

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    • Hi Peter,
      Thanks for the comment! I still swing trade as before, no question. But it is fair to say that over the last year or so, the market has changed quite a bit compared to the last 7-8 years of what has been a steady climb. In the U.S., the stock market has had a V-shaped recovery (don’t know if the economy has though) and volatility (sharp daily moves up and down have increased). I’m saying that it is always a good idea to keep an open mind and adapt. That’s why I’ve started to look at a few different options…also can’t hurt to diversify one’s trading methods either, right?

      Also, with this small trading account, I thought it would be fun to have a more active approach (more trades per week), rather than a swing trade that lasts for days, into a week+. Not much to document and talk about there, maybe a bit boring, etc. With this approach we would be looking at about 2-3 trades a week.

      As far as the way I screen and decide which trades to take, I’m going to document a “typical” trade from start to finish on my next post, along with a video on YouTube…this week.

      Glenn

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