Introducing
BST
Better Swing Trader
BST Description
There are a multitude of strategies for Trading to make a profit in the Stock market, but it all comes down to return on your investment. Day Trading tries to make the highest return by buying and selling in the same day to avoid gaps in the market but requires among other things a great amount of experience, and skill. All of which will require a great deal of time to acquire. If ever. Long term Investing is where you hold a stock for more than a year. This requires a lot of research up front and a lot of patience. Swing trading is defined as everything in between, eg greater than a day, but less than a year, where you usually hold stocks from a few days to a few weeks.
Within each of these 3 categories, there are many strategies used to pick a stock to buy, how long to hold and when to sell. But for the most part, since the only goal is to make a profit over the course of a year, usually little will be gained from any individual trade but rather the accumulation of many trades. This requires that each trade must be maximized based on the amount of time your money is in play. If the stock is not going up, you are losing money (unless you short the stock).
Stocks go up and down in waves. What makes success so hard is waves on top of waves on top of more waves. Meaning stocks go up and down in price by the minute while when looked at over the spread of a year could be going up, flat or down.
In swing trading you have to pick your time period, and stick to it. Meaning, create a time period to hold and a target percent increase for that time period, eg one half of one percent compounded daily for 200 days is 2.69 times better by the time you are done. 1% increase per day would be aggressive but would result in an increase of approximately 7 times over a period of 200 days, far out pacing the market as a whole. Unfortuanately, it is rare all your money is in play at the same time, and because of market ups and downs, it is rare to see high percentage increases sustain over long periods of time.
BST tracks stocks daily for gain and loss(by amount and %). SST allows you to easily see if you are meeting your goals, and try out new approaches to find a winning strategy and develop positive habits. This App is not designed to give you a winning trading strategy, but rather track your trades so you can gain insights into becoming a better trader. It is not one of those apps to allow you to compete with other traders. Instead, it is designed for you to compete with yourself. Evaluate your best trades to see what worked and what did not. You can assign new rules to each trade or group of stock trades, and measure the effectiveness of your trade by the group as well as each individual stock.
It is for people who want to invest in buying and selling stocks over a short period of time. Millions of people do it in the USA and around the world. Few people are successful.
No one has a winning strategy that works all the time, but there are some basic rules to help a user to be a better stock trader. Stock Swing Trading will use some of those principles, and check trades to allow for better decision making
This is NOT a course or Advisor for Swing Trading. STT will make it as easy as possible to Track the Gains and Losses of your trades.
Investing requires a lot of reading to learn from what others have learned over many years. For example, we have learned Swing Trading requires developing your own strategy that meets your personality, interests, needs, and ideas.
By writing your rules down it will help you keep track of what works and what does not; forcing you to tweak your rules for incremental improvements. Keep in mind, what works today may not work tomorrow.
Although full time Swing Traders participate in Futures, Commodities, Forex, Crypto, etc. This platform was developed primarily for stock trading.