It’s been a long time since I took that big loss. I’ve tried different approaches throughout the years to trading, like scanning stocks for 5 and 15 minute intervals, maybe based on volume or momentum. End of Day (EOD) trading where you don’t hold any positions overnight. Swing Trading, where you hold a position for a period of a couple of days to maybe two or three weeks. I still had to run my business, so it was really hard to trade during the day. I know day trading can be done, but I have very little patience to sit in front of the computer all day and scan stocks. If your not able to put in the time for day trading or even End of Day trading, there’s only two environments left, Swing and Long Term.
Since I’m going to concentrate on Swing, I’ll briefly look at Long Term. If this is where your leaning, scan your stocks with Weekly Time Frames. Check out Finviz.com for your research. Make sure there in an uptrend for the last couple of years. If you find a couple of stocks that match your trading ideas, then you’ll want to monitor those stocks in different time frames for your entrance. You’ll have to be patience. Filter your stock selection with companies that pay a dividend. If your not just looking for price growth then you might as well collect a dividend while you wait.
