How much money do i need to swing trade
Swing trading is the number 1 method that has brought me profits. And so how much money do i need to swing trade, I will tell you about this wonderful trading method.
This applies to stocks, commodity as well as forex markets. The price of a stock, as you know, always keeps on changing — sometimes it goes up and at other times it comes down. This upward and downward movement of the price of a stock is called price changes. This movement can be either an upward movement when the price of a stock rises or a downward movement when the price of a stock falls.
Based on this swing, the trader determines whether to buy or sell a particular stock. Then he waits patiently for the next best opportunity to sell the same. This waiting period may vary anywhere from two days to two weeks. Do you know how I use this method? This is a skill that can be learnt.
Hence, I teach them to passionate traders across the world through my master mentoring program. Look at the price of the stock in the first chart. Based on my interpretation and anticipation, I had provided weekly updates to my clients of the right time to act.
See the chart below:. The price moved from 55 levels to 61 in a complete swing movement. It has extended that move even to My clients, who are experts in pyramiding techniqueseasily compounded their equity.
And this is what happened after a week. This is the reason why I recommend swing trading to you all. This is the how much money do i need to swing trade method of stock trading whereby you can multiply your money. And how much money do i need to swing trade most encouraging thing is that this method can be learnt fast!
I have handpicked the best practices from my 10 years of experience in this field and converted them into a result-oriented trading course. It will give you better results than any other method available.
It will help you multiply your income faster. Try it out yourself!
What is a stock? A stock is a symbol of a company how much money do i need to swing trade in an exchange. Each company is given a symbol to identify it. Facebook Inc symbol for example is FB. If you want to know any company symbol just google it. What is trading stocks? Trading stocks is a business activity of traders who buy how much money do i need to swing trade sell stocks shares of of a given company. Why do people trade stocks?
People trade stocks to make money. Where can I buy shares of a given company? In order to buy any company shares, you should open an account at a brokerage firm. What is a brokerage firm? So its role is to help you own shares of a company after paying a commission.
What is a commission? Your how much money do i need to swing trade will cut this commission automatically when buy or sell. What else a broker can cut from my account?
A broker can cut other fees than a commission. For example if you have a margin account he will charge you interest rate on this borrowed money. How many kinds of accounts exist? Mainly there are two major accounts. One is called cash account. The second one is called margin account. What is a cash account? A cash account is simply your money that you put into your account. This money is yours. So they call it cash account?
What is a margin account? We said before that a cash account is your money only. Now if you need more money, you can ask your broker to lend you money. In general he will double your money. You can use it, but you need to pay interest rate for that broker's money. Why traders use margin account? There are two major reasons. First is to double your money in order to buy more stocks. The second reason is to be able to sell short stocks.
What is selling short? To understand what is selling short, lets explain what does it mean to go long. Going long is to buy a stock thinking that this stock will go up in the future. On the contrary, selling short is when you think the stock will go down. So you sell the stocks that your broker lend you. Then when the stock goes down and you are right. You buy them back. Therefore you make a profit on the down side. How to apply for a broker?
First you should compare brokers and see which one has the best and cheapest commissions and fees. Check this link on how to select the best broker. Is trading stocks like gambling? No, trading stocks is a well known business activity. Professional traders make money. How to be professional trader? To be a professional trader you need to learn how to trade.
This process can take from one year to 3 years. You need to have money to trade well. You need discipline and patience. Where can I learn how to trade stocks?
We teach you how to swing trade stocks to make money. Please check the link for more information about our training.
Training courses and lessons Is trading stocks risky? Yes, trading stocks is a risky business. So you need to learn before you commit your money in the market. If you can't afford to lose money, trading is not for you. If I take your training, can I be a professional trader? To be a professional trader depends on you.
To make it easier for you to understand. Let us ask this question. Are all the students in the same how much money do i need to swing trade succeed to be PHDs? Some students work harder than others. So the best ones succeed, other no. Is there a way not to lose any money in any trade? Any money you put in the market, you are risking it. Is there a way to minimize the risk in trading stocks? You can use a stop loss.
What is a stop loss? A stop loss is an order that you put after you buy a stock where you want to exit the trade and sell at a given price. Let us give you an example. What if I dont use a stop loss. If you dont use a stop loss, your loss can be big. Let say we how much money do i need to swing trade the example above.
If you continue having big losses, your account will be wiped out. Thats why professional traders use stop loss when they are wrong in the direction of the stock. Beginners are not disciplined thats why they are always losers. To learn how to use a stop loss, please check our training levels by videos.
Training level 6 how to calculate the stop loss? Please if you have more questions, just write back to us at email What Djellala Swing Trading Training offers? Djellala Swing Trading Training offers the following: Please click each training to see details.
Swing training levels by videos. Swing training levels by E-books pdf files. Djellala swing trading direct training by Skype.
Due to the experience and knowledge gained over the years, was the first year that I have been able to begin trading as a professional with confidence to gain profits on a yearly basis in perpetuity.
I had to contact you via email to express my sincere appreciation for your remarkable and genuine approach to informing people about how to be a successful professional trader. I hope they listen because they will NEVER EVER get a genuine and or more authentic person to provide a complete and unadulterated picture of the keys to becoming a successful professional trader.
Please feel free to contact me whenever you want or if you ever need anyone to vouch for your teachings. Best regards, " 2. Have learnt a ton of info! Have only just signed up with subscription membership. So much more to learn yet. I have bought a lot of your videos and been studying them every day when family all in bed and being how much money do i need to swing trade your methods.
The day I first heard about Bitcoin on Reddit, a friend had also called me to tell me about it. Being 22 years old in New York City is a financial struggle. I sold it all and ditched my plans for a mining rig. My financial situation needed to be stabilized before I could invest in assets based on my philosophical beliefs. Bitcoin stayed in the news over the years. The price went up and down, silk road happened, the legality of it was called into question, exchanges were hacked, and people gained and lost millions of dollars.
Ethereum hit the scene with the promise of using the blockchain for more than just currencies. You could build decentralized apps on top of Ethereum and even new currencies. I wondered if I could take advantage of those swings by buying when the price was low, selling when it was high, and buying back in when the price dipped again. In how much money do i need to swing trade same period I shut down my company, Bitfountainafter running it for 5 years.
Bootstrapping my own company gave me an unprecedented amount of freedom. I lived in 4 countries, traveled to many more, and only worked a few hours per day. However, since the company had how much money do i need to swing trade its course, I needed a new source of income. I applied for only one job as a software engineer. It was the kind of job people love - high salary, all the Silicon Valley benefits, friendly team, well funded company, challenging engineering problems.
After three rounds of interview they decided not to move forward with me. I did want it. But I also feared losing my freedom. Gone would be the days where I could spontaneously book a flight to India with no return date.
Going through the interview process made the possibility of losing my freedom real. I went into panic mode searching for a way I could make money on my own. At this point I still owned Ethereum and the price was still swinging back and forth.
I signed up for two exchanges: I needed Poloniex as well because there were many cryptocurrencies being traded there Altcoins - cryptocurrerncies that are not BTC. Those are the first two exchanges that I used. Now I use others since each exchange has pros and cons. A live crypto exchange is intimidating at first glance. There are charts and numbers changing at the speed of sight. I felt overwhelmed but sat through the confusion to try and make sense of what I was looking at.
Soon I could see where to place orders to buy and sell, and the charts started to make sense too. As the month went on I spent hours trading. I made enough to pay my rent, so the possibility of making a living from this was validated.
I wanted to formalize my trading knowledge so I could do more than buy low and sell high. There had to be a real strategy to this stuff. I read as many books as I could on trading stocks and foreign exchange markets. I made a lot of mistakes. But eventually I found my rhythm and strategies. For myself, and most crypto traders, the goal is to increase the amount of Bitcoin we own.
For example, right now the price of 1 ETH Ethereum is 0. Another thing I need to make clear is the type of trading I do - day trading. All of my profits are converted back into BTC at the end of each trading day.
Again, even though I buy and sell several Altcoins, at the end of the day my net worth is in Bitcoin. There are three reasons for this:. I earn more USD when the price of Bitcoin goes up against the dollar. Why was it important to clear this up? Several things were on my mind the first time I had to do this. What if I sell my BTC now and the price shoots up tomorrow? Yes, but your bills will be paid. Sell now so you can pay your rent.
You can always hold out for more, but at the same time you are risking a loss. After a few months I got better at trading. I how much money do i need to swing trade earning more Bitcoin than I needed to cover my monthly expenses. At the end of the month I sold only what I needed, and kept the rest of my net worth in Bitcoin. Around this time in my trading career it was getting to how much money do i need to swing trade point where I could have bought a Tesla or put a down payment on a house by selling my Bitcoin.
Do you how much money do i need to swing trade your Bitcoin to realize your profit in USD? I can live a nice middle class lifestyle in Los Angeles.
Or I can drive a flashy car while I rent a crappy apartment in Los Angeles. It all comes down to your values. In fact, if i see a chart like this I almost always ignore it:. The wild bull runs are hard to find, hard to time properly, and easy to go in the opposite direction where you lose a lot. Those gains are only exciting if you understand how far they can get you. Of course the numbers above assume you trade days per year. Not many people are willing to forego vacation and weekends to work as a full time crypto trader, even with numbers like that.
Not only that but I also let my emotions control my trades. For example, I once purchased Stratis after the price dropped massively. My assumption was that on such a sharp decrease in price, it had to rebound eventually. The price kept diving. I was constantly tuned into how much money do i need to swing trade chart waiting for an opportunity to sell back to Bitcoin. Now I have my strategy that I stick to without letting my emotions interfere.
I have a set of coins that I like trading so I only look at those charts. I have patterns and indicators that I look for on those charts so I can quickly flip through them. Within minutes I can set my orders, set alerts on my desired entry and exit prices, and walk away from the computer.
As the market cap of crypto increases, be sure that the IRS is going to find out how to get their slice. And they will look into the past.
I am not a tax advisor. This is a simple overview of what I keep in mind as I trade. My accountant handles my taxes, and I advise you to get an accountant to do the same. Keep in mind that this is US-centric. You need to double check if this is the case in your country.
The taxable event is when you sell your cryptocurrency for fiat. How much tax you pay depends on how long you were holding the cryptocurrency. Buy crypto with fiat - no tax. Sell crypto for fiat - pay ordinary income tax. Buy crypto with crypto - unclear, but does not seem to be a taxable event. This is where things get foggy. Consult your advisor, but as far as I know this is a like-kind exchange which is not taxable but must be reported to the IRS.
The exchange you use will output all of these transactions so you can hand them to your accountant. The IRS has clarified that a crypto to crypto exchange is not a like-kind exchange.
The profit made from each transaction is taxed. If you are holding a currency for more than a year it is classified as long term capital gains. This is another reason why I like keeping my net worth in Bitcoin. At least not right now. Passive income is great. After you make an initial investment, you mostly sit back and watch the money roll in. Most cryptocurrencies are mined. You invest in how much money do i need to swing trade very strong computer and the electricity to run it, and you are rewarded with crypto for contributing to the network as a node that confirms blockchain transactions.
This is an alternative to mining that does not require vast amounts of electricity. The idea is that you stake the cryptocurrency that you own over a wifi connection. That crypto that you stake is used to validate transactions how much money do i need to swing trade the blockchain, and you are rewarded more cryptocurrency for putting the currency you own in the pool.