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VBJ’s Swing Trading Stock Thread

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    I already have a thread for my long game dividend stock investments in the passive income section, so this thread is going to be about shorter term, swing trades, where the goal is to buy lower and sell higher and make a small profit. This goes into the active income section because once a trade is made it’s done — you get money, spend money, and then have to work to make money again. This is different than dividend stock investments where you toss in some cash and then sit back and collect income into the future without needing to do much of anything.

    But part of any passive income strategy is that you usually need a form of active income to prop it up, especially in the initial stages. If I want to build enough dividend revenue to travel off of then I need to work my ass off to come up with with the money to buy those stocks. This means I have to work. I believe if given enough time I can make a portion of this money from trading.

    First off, I began trading stocks in 2014 when I first started as a financial reporter for the South China Morning Post. In a moment of self-reflective clarity I realized that I had no idea how financial markets work, I didn’t know the terminology, and I didn’t know … well, anything. I’d never even traded stocks before. So I took $600 and set out to change that. I played the penny stocks, learned a lot, and lost $600. It was a worthwhile investment.

    Now, I know a little more about what I’m doing but I’m no pro. That said, nobody should copy what I do.

    This is just my notes as I play for active income in stocks.

    What I’m looking for here is not big scores, but strings of 5% to 10% gains. It’s going to take a long time before I have enough of a cash pool to make any significant earnings. 5% of $1,000 is just $50. Then I need to factor in the losses. If I come out 3% ahead over this next year I will consider that a big success. Hopefully, I will learn more and get better as time goes on.

    These are my notes. Feel free to give advice.

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