What’s the difference between penny stocks, day trading, & swing trading?
★ SUMMARY ★
First off, what are penny stocks? Penny stocks used to refer to stocks that were priced at less than 1$ per share. Now, with inflation and growth of the economy over the years, it typically refers to stocks that are less than $5 per share.
What is day trading? Day trading is not stock specific to price, whereas penny stocks are price related, and talking about a group of stocks, day trading is referring to the type of trading that you’re doing.
Day trading is when you hold the stock for less than one full trading day, which is less than six and half hours, because we have six and a half trading hours in a day, here in the US markets.
Whereas when you take a look at swing trading, swing trading is when you hold a stock for multiple days, weeks or even months.
There’s a deeper level beyond swing trading, you also have long term investing, and this is typically what warren buffet does. Long term investing is when you hold a stock or equity for multiple years or for decades into the future.
Posted at: http://investinghelpdesk.com/53-difference-penny-stocks-day-trading-swing-trading/
★ SHARE THIS VIDEO ★
★ SUBSCRIBE TO MY YOUTUBE: ★
★ ABOUT TRADERSFLY ★
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!
STOCK TRADING COURSES:
STOCK TRADING BOOKS:
MY YOUTUBE CHANNELS:
— TradersFly: http://bit.ly/tradersfly
— BackstageIncome: http://bit.ly/backstageincome