That isn’t quite the right way of looking at it. In my opinion, swing trading is a lot more efficient than day trading.
If every time you bought 3 shares you bought them at 3.3 times the strike price, in an hour you would have bought 7,000 shares of the company. However, if each of those shares was 100 times better than the last, and if every time you bought 3 times better than the last, you would have bought 7,000 times the company, with your profits that day. In an hour. In a day.
This idea really appealed to me because I saw this as a way to make money that was easy. In fact, I was one of the people trying to get into it. In 2006, at the time I was trading the day of the crash, I made £100,000 (around $132,000) in a single trade. That’s not terrible profit for what I was investing in – but you’d like a bigger return than that (as in a big return, I didn’t even know that the crash was going to happen, much less understand it. At least I knew that a lot of my money was going to be in junk mortgage bonds and subprime mortgages, which weren’t particularly interesting in the first place).
If I wasn’t a day trader then I’m sure I would have taken a lot more risk. But it wasn’t really a risk-free position for me. As soon as you put yourself in that position, it just becomes exponentially harder to get out in the market and get back into that position later on. Day traders know this, which is one of the things that made me want this thing.
Do you really get paid according to shares you sell?
I do get paid based on the number of shares I receive after the IPO. I do get paid different amounts for different shares, depending on when I sell them and how much I buy those shares back. My best estimate is that I get paid based on the total number of shares that I sell, no matter if they’re bought back immediately or I buy them on the open market.
Is the IPO part of the strategy?
No. This is a complete misconception. Every time you buy shares of an IPO, it is a transaction that involves the issuance of stock, and therefore not an IPO strategy. You don’t need to do the IPO, but you do need to know that they are selling shares. It just
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