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Out of all the trading modalities, I would say swing trading is more consistent....
I only have small gains, but they are consistent.
Started with 50k last year, and the plan is to only swing trade blue chips on a dip and aim for 5% per trade minimum.
My goal is to execute 12 trades a year minimum at 5%.
50,000 x 1.0512 = 89,792
Which is what I got in 1 year for the first time swing trading.
60% for the whole year. Much, much better than index funds performance.
Starting at 89,792 for year 2, I should be around 161,254 at the end of year 2 at the same rates.
By the end of year 5 with the same rates, it will be around $933,959 before taxes.
It isn't making me rich, but these small gains have been consistent. I could be more aggressive with exit points, but I don't want greed to ruin any plans.
Swing trading is perfect for my lifestyle. I don't have much time to day trade, but I also don't want to be forever holding the bag for long-term holds.
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- 1 year ago
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