In short, no.
First of all, and possibly most importantly, “swinging” is a great deal more than “tapping.” If you’re just trading in your primary account, your only real chance of making money is if the market moves in your favor: If the price goes UP for you, and it doesn’t go down, then, well, it’s a win. But if the market goes DOWN for you, or for someone else, then it’s a loss. That’s why there are rules, and why markets work the way they do. That said, there are plenty of examples and examples of successful traders who make money purely by tapping their accounts and keeping their long positions low.
How do I make money if I’m purely trading on my primary account?
That’s a much harder question to answer. There are a few ways, however, in which you can make money that aren’t strictly tied to swinging but are very closely tied to it. Below I provide what I’ve found to be working best. I do, however, think that this is a tough question to answer because the answer is almost certainly not “swing trading.”
First, you must know both your own personal risk tolerance and your personal skill level in trading. Both are important.
Some examples of this:
You’ll want to avoid a lot if possible when trading on margin. When you trade on margin, you don’t know what you’re going to get — it could be a “buy” or a “sell,” you could see a lot of volatility between two traders’ positions, you could see a big jump when you’re right about the market or a huge fall when you’re wrong about the market, and you could see a lot of volatility if you’re wrong about the market. All of that is very risky — for example, if you don’t know if what you think the market is going to do is a good or a bad thing. So you’ll want to be conservative about it.
If you are going through a large trade, you may have more margin (or “swings”) available on the account than you think. Some big traders can have as much as $100,000 of margin available on an account — if that’s the case then even if you have less than 100% of a position (and this is highly unlikely to happen,) you are still likely to make more in the long term if you’re willing to trade
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