About Swing Trading Forums
Swing trading forums, or message boards, are places on the Internet where short-term stock traders can discuss strategies, exchange ideas, share successes and failures, and socialize. Swing trading is often discussed in forums for position trading, short-term trading, day trading, and technical analysis, as well as those specifically for swing trading.
Other People Are Reading
-
Function
-
In swing trading forums and other forums where people work with this method, traders might post their own stock picks and discuss other people's opinions. They also analyze whether certain technical strategies work better than others and review charts together. Sometimes a subject creates very little discussion while another results in long, involved conversations that continue for several days. The forums provide an excellent way for traders both new and experienced to learn new ideas and perfect their approaches.
Significance
-
The exchange of information can result in increased or decreased business for brokers and other trading services. If several people encounter poor trade execution or other issues with one particular broker, these problems become common knowledge. People on forums recommend or advise for and against trading software, chart websites and specific authors.
-
Contributions
-
Swing trading forums with many members often find people zeroing in on certain areas of expertise that can be beneficial to the entire group. Some people post stock picks every morning before the market opens, some offer market commentaries, some scour news for potential effects on specific stocks, some provide swing trading lists for the following week, and some analyze which technical strategies work best in the current market environment.
Features
-
These forums also typically are places where people get to know each other and even become friends. People doing swing trading for a living commonly work by themselves at home, and message boards provide a water cooler atmosphere. On some boards, off-topic subjects are interspersed along with specific trading discussion. Other boards are more particular about keeping the discussion on topic.
Warning
-
Novices are often inclined to choose stocks for short-term trading simply because they see recommendations by more experienced traders. This strategy is very inadvisable. Experienced traders might list several stocks they find interesting but then not actually buy any of them. Also, even the most successful swing traders have weeks where most of their trades lose money. In addition, a person with little trading experience might come to a message board pretending to be a pro. Since most people frequenting stock trading forums are regulars and get to know each other, the fakes are usually quickly identified.
Possibilities
-
The Motley Fool Message Board is the largest financially oriented forum, with a multitude of active boards dedicated to investing, trading, and other financial subjects. Swing traders can find people discussing this strategy in the forums for short-term trading, day trading, position trading, mechanical investing, macro economic trends, and others. Another popular forum is EliteTrader, where people discuss swing trading and many other subjects.
-
