part time swing plan

Discussion in 'Professional Trading' started by laeott, Jun 26, 2007.

  1. laeott


    I'm trying to plan a part time swing taders plan. So far I come home read Ibd for 30 minutes, pick stocks, then put in an order. I'm paper trading right now. How could I turn this into a part time business with real money. What are some good routines for swing traders?
  2. Staying out of the market until your paper trading is profitable for awhile. New traders are far more optimistic about their skills than they should be
  3. It's going to take more than reading IBD for 30 minutes to become a profitable trader. If that's you're only strategy for picking stocks, you better revise it.
  4. If you read IBD, focus on implementing the CANSLIM method with whatever data is in that newspaper. The "N" is the most important letter of all.