SWING TRADING
There are many ways or methods of trading in stock markets- one of them is swing trading. Swing trading is a style of trading stocks that attempts to capture short term moves in the stock market. In its simplest form, swing trading is repeatedly buying and selling of stocks near the up or down price swings caused by price volatility. A swing trader typically holds a stock for 2 to 5 days. This time frame is also unique in which you can potentially capture explosive moves in a stock in a very short period of time.
Dos and Don’ts of Swing trading:
1. Admit to losses when they occur: Markets have a way of humbling even the most skilled traders if they let their egos get in the way of their trading. Some traders hold onto losing positions in the hopes that they can eventually break even — a policy that devastates an account in the long run.
2. Try to insulate yourself as much as possible from others’ opinions, whether the person is your 'childhood friend' or a Dalal Street analyst. Remember, Dalal Street is a community, and analysts send out their opinion reports to hundreds, if not thousands, of traders and portfolio managers. Reading those reports can lead you to think like the analyst does - and like hundreds of others do. Good performance doesn’t come by copying what everyone else is doing.
3.Don’t frequent message boards: Message boards often foster a group mentality that a position should behave a certain way. You don’t want to gather knowledge from just anyone on the Internet. Rather, stick to trusted sources and form your own opinion on matters
SOURCE:INTERNET