Key Info

Day/swing trading is a technique employed by traders who look to make money by going long or short on any market or stock. Day traders will look to exit a position within the very same day whereas swing traders will plan to hold a position for a few days or weeks.

Key traits to become a good trader - 

• Always utilise good risk management; a 1:3 risk:reward ratio whilst only risking 5% of your capital on any one position, trade within your means and do not over leverage.
• Controlling ones emotions, do not let greed or fear get the better of you.
• Being very patient and believing in your trades as profits do not come overnight.
• Don’t chase trades if you feel you may have missed a good opportunity; there are plenty of opportunities on a daily basis.