Can Swing Trading Make You Rich
Apr 03, 2020 · swing trading can definitely make you rich. with an average annual return of around 30%, you would double your capital every three years, which will grow to huge amounts over time. warren buffet, the famous investor often dubbed the “oracle of omaha”, has built his fortune by achieving returns of around 20% annually. Swingtrading accumulates gains and losses more slowly than day trading, but you can still have certain swing trades that quickly result in big gains or losses. assume a swing trader uses the same risk management rule and risks 50% of their capital on each trade to try to make 1% to 2% on their winning trades. You’ll also need to eliminate any get-rich-quick notions you may have like any other venture, swing trading is a process, not an event. and like any other kind of investing, it will take you several years to build a small nest egg into a large one. we'll keep it light and easy so you can make the most out of your investment experience take the firs...