How to Become a Short-Term Trader

It's time to branch out... [Wealthy Retirement]( SPONSORED [Our Biggest Sale EVER!]( (Limited to the first 250 readers who respond today!) [Mystery Gift]( Chief Income Strategist Marc Lichtenfeld just authorized our BIGGEST SALE EVER... and I can't believe what he's giving away! If you're interested in a simple way to generate RELIABLE extra income for retirement... regardless of your age, education or when you start... [you need to check it out NOW]( Editor's Note: Today, Chief Income Strategist Marc Lichtenfeld explains how to find the trading strategy that suits you best. Even if you're a long-term investor first and foremost, trading deserves a place in your portfolio as a way to maximize profits and earn additional income. And right now, Marc will even teach you how to trade like an expert... He's revealing how he uses "Power Channels" to score short-term profits in [this special training](. This powerful technical indicator is also the easiest one to learn - so as little as two minutes of your time could change your trading forever. At the end, he'll also explain how you can use [Power Channels]( to see 50 opportunities to win in 2021. Don't miss out on this special offer. [Click here now.]( - Mable Buchanan, Managing Editor [Financial Literacy]( Pick the Trading Style That's Right for You Marc Lichtenfeld, Chief Income Strategist, The Oxford Club [Marc Lichtenfeld] In my 20s, [I started out on a trading desk]( where traders rarely held any positions overnight. They were day traders who got in and out of their trades in a matter of hours - and sometimes minutes. As my career evolved and long-term investing became my focus, I shifted my goal to owning Perpetual [Dividend]( Raisers for years. Now I find stocks that my readers should be able to hold indefinitely as the companies [raise their payouts]( every year. But that's investing. On the trading side, it is appealing to be in and out quickly. With some stocks, you have to wait a few weeks for a [catalyst]( or technical pattern to play out. And that's fine. (In fact, I'm offering a special training right now that will teach you how to use a technical pattern called Power Channels to revolutionize your trading. I explain how to use [Power Channels]( to know where a stock is going next... and also how you can join me in seeing 50 opportunities to profit from Power Channels in the next 12 months. [Just click here to learn more.]( There's nothing wrong with earning double- or triple-digit returns in a few weeks or even months. Most investors would be thrilled with that kind of performance. However, some traders like the action and don't want to wait weeks for the payoff. They prefer to be in and out in a matter of days, sometimes within the same day. SPONSORED [5G Megastock Trades Under SECRET Name]( [Woman with Secret]( You won't find this 5G megastock on the NYSE, the AMEX or the Nasdaq. It's attracted more than $2 billion in investments from Wall Street... And it trades for only $3 a share. How will you discover the SECRET trade name? [Get the urgent details from market mastermind Alexander Green in his latest TEK Talk. Click here to see more.]( While it's more speculative, some risks are eliminated. For example, you can't get attached to a stock because you've held it for a long time or [because you believe in the story](. Intermediate-term traders typically own stocks for a few weeks or longer. They're waiting for a story to play out, such as an [earnings report]( a drug approval or a completed chart pattern. They'll usually set stops that give the position some room to move. That way, they won't get shaken out by market noise, but they also won't suffer too large of a loss if the trade goes against them. Shorter-term traders will hold a stock for a few days or less. They're usually exploiting strong moves in the market or stock. They'll typically take smaller (but perhaps more frequent) losses in exchange for more frequent trading opportunities and wins. When deciding what type of trading style is best for you, ask yourself the following questions... How much time do I want to commit? Shorter-term trading - and particularly day trading, when you're in and out of a position within the same day - usually requires you to stay in front of your computer (or at least on your phone) during the trading day so you can make moves all day long. Traders who expect to be in trades for a few weeks don't have to spend as much time tied to their computers. What's my tolerance for risk? Traders who stay in positions for several weeks usually give their positions more room to travel so that they don't get shaken out by market noise. That means they have to be able to tolerate some moves to the downside. Shorter-term traders take smaller losses, but they need to be able to pull the trigger and take them quickly. What strategy makes the most sense for me? Do you like to trade based on earnings reports, volatility, [charts]( valuation, or Food and Drug Administration approvals? Certain catalysts will lend themselves to shorter- or longer-term trading styles. If you like to trade the markets based on volatility, your trades will likely be short-term in nature. If you love trading [biotech]( stocks based on upcoming clinical trial data, your trades will have a longer duration. If you're new to trading, start off by asking yourself which style appeals most to you. If you're an experienced trader and you're not achieving the results you want, these questions may help shed some light on whether you're trading in a way that best suits your personality. Good investing, Marc [Leave a Comment]( MORE FROM WEALTHY RETIREMENT [Why We'll See an Emerging Markets Victory]( [Why You Should Beware This 16% Yield]( [How a Cheated Generation Was Forced to Chase Yield]( [Facebook]( [Facebook]( [Twitter]( [Twitter]( [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0A It's%20time%20to%20branch%20out... %0D%0A%0D [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0A It's%20time%20to%20branch%20out... %0D%0A%0D SPONSORED [Look at What Obama Is Up to Now!]( On December 16, 2020, Obama will get his last laugh. That's when a group of his hand-picked cronies may single-handedly bring this market to a sudden and destructive end. To continue reading, [click here](. [The Oxford Club]( You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. 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