"Jens, I almost gave up but thanks to your ebook and training I am now averaging $4000 plus per week. I never thought trading could be this easy! I can't understand why nobody wrote a book like this before!"
Dave M., Nevada
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Trading Strategies: for the longer term
by Jens Clever
Copyright 2003
There are as many different trading strategies as there are traders.
Generally they can be distinguished though by the time frame in which they take place.
Investing
Investors are not day traders. They buy shares of a certain company because they believe in its long-term growth perspective. They have little interest in most of the daily price movements and are looking to hold their shares for several years. No day trading for them!
Swingtrading
Swingtrading means to hold stocks anywhere from one to five days and sometimes more. People who trade them are also not, strictly, day traders. Swingtraders try to take advantage of certain “key” situations in a stock price’s movement. Such a situation would be a buy after a pullback into solid support during a longer term uptrend. Swingtrading is an easy-to-implement strategy and is excellent for people with small accounts.
Recommendation
I suggest every day trader experiment with different strategies and then decide for himself what he is most comfortable with. (More articles on day trading.)