4 ms·
I’m not in the day trader army, but I do swing trade, and have done alright on the way down— shorting / buying puts. As far as I can see, there’s no reason to t
by christophilus 5y ago
I’m not in the day trader army, but I do swing trade, and have done alright on the way down— shorting / buying puts. As far as I can see, there’s no reason to think someone who did well last year trading meme stocks hasn’t made money this year shorting them.
At this point, we’re oversold, and I’m mostly in cash waiting for setups to show up again.
- white_dragon88 5y agoDo you do well from swing trading? May I ask how much capital you work with, and what kind of gains you make?
- christophilus 5y agoI did pretty well last year while being mostly in cash. I probably averaged 80% cash last year, and still ended with a 30% return or so. The thing I like about swing trading is that you take profits and sit in cash while waiting for setups. You also have limited downside, as you have clear stops that trigger if the setup fails. That said, there are many ways to trade, and some folks are more aggressive than others. I'm very conservative. I'm still not sure if I even believe in swing trading or technical analysis. I've been a Boglehead most of my adult life, and only recently decided to dabble with swing trading, just to learn / see if there was anything to it. So far this year, I'm flat, but I've also been less active due to a few life situations. I'd like to do a statistical analysis once I've been at it long enough.