Well, that’s a debate that continues today.
The best swing traders have the ability to recognize trends, understand risks and create value. That’s a good thing if you’re looking to get out of the cycle.
The best swing traders have great communication and empathy towards the traders and their business so they can make their opinions and recommendations relevant at both a short and long-term level.
Below I’ve listed 10 of the best at their respective trades.
In no particular order, and we’ve divided them into 4 categories: Trading Strategies, Trading Process and Trading Philosophy.
So let’s take a look at them.
Investor / Market Maker, Commodity Tracker, Trading Strategy, Market Maker and Trading Strategy
It really has to be an investor (or a market maker or a commodity trader if you prefer it to be called that). What you decide to do with your money is what gets traded. If you do a simple basket of stocks, you get the option to trade either a “best price” or a “worst price.”
These four trading strategies are all based on the idea that in the marketplace it’s always best for a trader to choose one strategy over another – one that works better for their client.
In these times of financial upheaval, the “best price” tends to be on trend, the “worst price” tends to be on weakness, and for both strategies to work perfectly the trader must be willing to sacrifice profits.
“But is trading the best way to earn a living?”
Well maybe so, but not for sure. If you’re a trader it’s more important to have a great understanding of your business than any specific trading strategy.
For some traders, a strategy is simply their way of helping to identify opportunities and to provide value. Trading for a client is their way of doing that.
For others, it’s more than that. Trading for the sake of trading is what drives them to do it.
These traders have to know the markets and what their role is with regards to them. It’s their job to look out for trends, understand risk and determine what the next move is going to be for them (and their client) and if they’re able to understand this, they’re ready to act on that, rather than waiting while a “better” trading strategy takes more time and more money.
This takes a little more research into the markets,
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