Swing Trading:- without technical knowledge

 

Hello friends, once again a warm welcome to all of you on our blog True Leaning, as always, we will try to learn something new.


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Now let's move forward as you know that good wealth can be made by investing in the stock market, but do you know that swing trading in the stock market can make a lot of money, let's know-how? Let us know what is swing trading trending in simple language


Warning:- This blog is only an educational blog so we will not give you any buy or sell recommendations. Whatever you invest, do your research and at your own risk.


Let us know what is Swing Trading and its advantages and disadvantages are:- 

In simple language, swing trading strategy is such a strategy according to which a stock is held for a few weeks or months, in which you sell the stock by making a profit of 5% to 10%.

Advantages of Swing Trading:- 

1:- Much safer than intraday 

2:-5 to 10% profit easily 

3:- You can withdraw daily expenses 4:- Don't have to wait much time


Disadvantages of swing trading:- 1.Good wealth is not created 

2. Long term benefits are not available 

3 good stocks and shares get lost 

4 STCG TAX (Short term capital gain) has to be paid. 

5 Have to check the market all the time


To do Swing Trading, if you know the technical analysis, then it is very good for you and will be easy, but even if you do not know technical analysis, then you do not have to be disappointed. Yes, you can do swing trading even without technical knowledge because we will tell you some steps about this so that you can easily do swing trading.


Important point:-To start Swing Trading, intraday trading, long term investment you need to upen demat account if you don't have then you can go with grows. Because 

  • There is no account opening fees

  • No maintenance charge

  • Almost zero brokerage on delivery

  • Customer care support


And much more benefits 


To open free demat account in groww just click hare



Some steps and ideas about swing trading:-

1. Choose large-cap or midcap stock:- While doing swing trading we are asking you to choose large-cap or midcap stock because small-cap stocks are the riskiest stocks and there is a high risk of losing your money in them so large-cap or midcap Choose only stocks whose fundamentals are strong


2. Choose Fundamental Strong Stocks: - While doing swing trading, you should try to choose only fundamental strong stocks whose years and profits have been consistent year after year, such a company's stock is good for both long term and swing trading. Note:- If you choose stocks of the famous company while doing swing trading, then your chances of profit go after


3. 52-week stock price:- If you do swing trading then you have to keep in mind that your stock is trading between 52 weeks low and 52 weeks high because if the stock is between 52 weeks low and 52 weeks high. If it is in the middle then you can get the stock cheaply and when that stock reaches back to 52 weeks high then you sell it and book your profit.


4. Stock trend:- While doing swing trading, you should keep in mind that any stock in which you want to do swing trading is in an uptrend or downtrend for the last one month or two months. You should buy, hold or sell the stock on the basis of whether the trend of the stock is up or down.


Example: If the trend of a stock is in a downtrend as compared to the previous month then it is possible that now that stock can go in an uptrend and if the stock is in an uptrend then it can go downtrend


5. Stock News:- Whenever you do swing trading, keep in mind that there is some news going on in the market or near about the stock or company in which you are trading because bad news is going on in your stock. Can move the price up or down


6. Average stock buying: - Whenever you do swing trading, keep in mind that do not invest all your money at once because whenever we buy stocks for swing trading or long term, then sometimes the situation is with us. And the stock goes below the entry price, in that case, we can average the stock by buying it at a cheaper price with the remaining money, in case the stock falls below the entry price, for this, you can increase your capital amount by 4 Talk in part, when the price of the stock falls, put each part in the fall of the stock so that it becomes average and you get cheaper, which increases the chances of you making a profit as soon as the stock price goes back to above the average price. Sell ​​it and book your profit


Conclusion:- After reading all this we can say that swing trading is a good strategy but it is not as good as a long-term investment because as much wealth you can make in long-term investment, you cannot make as much from swing trading as well. You also have to keep an eye on the ups and downs of the market.


Hope you liked our blog about swing trading


Thank you





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