Why Swing Trading ? In Bull Market

Day Trading : I have been day trading for years and I can make good living. In day trading, no matter how good the stock is, it only has few hours of time to move up even I am right. The potential profit is limited.

Swing Trading: Finding a strong uptrend momentum stock in a bull market can make you rich, very rich. With the right stock, I can let it runs for weeks or months to hit 100% to 1000% profit. The potential profit is huge if I am right.

In early 2008, I read the success story of Nicolas Darvas. Another success story is Dan Zanger. these 2 stories changed my mind to focus swing trading when the bull market comes.

But we have a Bear market in 2008 and we must wait for Bull market for long Swing. 

I have been day trading and teaching using breakout patterns. I do not rely on the fundamental analysis and I do not spend time to do any home work the night before. In Day trading, I spend the first trading hour to search for momentum breakout stocks with higher volume to trade based on my trading patterns.

With my ability to search the momentum breakout stocks during the first 2 trading hours, and enter the trade for swing proved to be amazingly successful.