Listen "Why Swing Trading Strategies Won't Work"
Episode Synopsis
Stay informed with our free disruptive technology investing newsletter, Nanalyze Weekly. Signup now at https://www.nanalyze.com/nanalyze-weekly/. This episode is pulled from a YouTube presentation. View the original presentation at https://youtu.be/jD1mft4FLKY
Swing trading vs long term investing, which is better? Anyone who needs to ask that question hasn't suffered through trial by fire. At some point in every man's life, two things happen. He decides that making lots of money would be a really cool way to sleep with lots of hot girls (or guys, we have nothing against those who bat for both teams) and that the best way forward is to try and shortcut the wealth accumulation process. Wait two decades for wealth to accumulate? Okay boomer. That's when they hear from one of their mates at the pub - the one who doesn't have a pot to piss in - that swing trading is the golden ticket. And the best part? You don't even need that much money to get started. After paying "Bob's Swing Trading School" the obligatory $199.99 for a two week cram course on candlestick charting and stop losses, you're off to the races with your $1,200 tax return (minus Bob's course fees). After a few months of beginner's luck, you've lost all your money and you're wondering why. Fortunately, you've ended up at the doorstep of some people who have done just that themselves. It's okay, you fell for swing trading just like everyone else. We're here to help.
Swing trading vs long term investing, which is better? Anyone who needs to ask that question hasn't suffered through trial by fire. At some point in every man's life, two things happen. He decides that making lots of money would be a really cool way to sleep with lots of hot girls (or guys, we have nothing against those who bat for both teams) and that the best way forward is to try and shortcut the wealth accumulation process. Wait two decades for wealth to accumulate? Okay boomer. That's when they hear from one of their mates at the pub - the one who doesn't have a pot to piss in - that swing trading is the golden ticket. And the best part? You don't even need that much money to get started. After paying "Bob's Swing Trading School" the obligatory $199.99 for a two week cram course on candlestick charting and stop losses, you're off to the races with your $1,200 tax return (minus Bob's course fees). After a few months of beginner's luck, you've lost all your money and you're wondering why. Fortunately, you've ended up at the doorstep of some people who have done just that themselves. It's okay, you fell for swing trading just like everyone else. We're here to help.
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