July 2, 2013 at 10:08 am

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Trader
Joined: Jul. 2, 2013 Posts: 3

What is the definition of a Swing Trade?

July 2, 2013 at 10:25 am

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Joined: May. 30, 2013 Posts: 54

It’s generally accepted that a swing trade is held for a few weeks to a few months – it’s somewhere in between a day trade and long-term buy and hold.

“Everyone must choose two pains: The pain of discipline, or the pain of regret.” Jim Rohn

July 8, 2013 at 4:44 pm

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Joined: Jul. 2, 2013 Posts: 3

OK, thanks, Val.
Would you consider(or do you think) Binary Options a reasonable risk?
I am new to all this,
Mark

Edited by marktrader:
Edited by marktrader:

July 9, 2013 at 11:12 am

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Joined: May. 30, 2013 Posts: 54

To be honest, Mark, I’ve never traded binary options, so I don’t know, but I’m always wary of over-the-counter (OTC) instruments.

“Everyone must choose two pains: The pain of discipline, or the pain of regret.” Jim Rohn

July 9, 2013 at 8:19 pm

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Joined: Jul. 2, 2013 Posts: 3

Thanks for the caution Val, I am going to look closer before I jump.

July 10, 2013 at 12:21 pm

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Joined: May. 30, 2013 Posts: 54

My pleasure, Mark. Honestly, one of the best intro to options strategies is covered calls on stocks that you already own. We’re going to have a new covered call trade out Thursday morning from Bryan Perry of Cash Machine, and if you’re looking to make the leap from stock investing to the world of options and other kinds of trading, covered call writing can be a good way to get your feet wet. Here are a couple of 101 guides on covered calls:

http://investorplace.com/2013/06/need-income-you-need-covered-calls/

http://investorplace.com/2013/06/options-basics-how-to-sell-covered-calls/

http://investorplace.com/2012/04/covered-call-advice-from-a-pro/

And, like I said, check back on the 24/7 Trader home page Thursday a.m. for a new trade you can actually put on if you’d like to jump in.

http://investorplace.com/247trader/

“Everyone must choose two pains: The pain of discipline, or the pain of regret.” Jim Rohn

July 11, 2013 at 12:22 pm

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Joined: May. 30, 2013 Posts: 54

Mark, I also consulted Wade Hansen of SlingShot Trader for his take, and here’s his response:

“Typically, it’s best to steer clear of non-standard options unless you understand all of the ins and outs of what the option covers (stock shares, cash, etc.). We’ve found that non-standard options aren’t usually as liquid, which can be a disadvantage to us as retail traders. Now, there may be a time when you run across a non-standard option that looks quite compelling. Just make sure you know it inside and out.”

“Everyone must choose two pains: The pain of discipline, or the pain of regret.” Jim Rohn

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