I’m looking to lightly swing trade.
Specifically put 10K in Alphabet or QQQ in a light dip, wait till it is up 10% (could be days, weeks, months) then sell, then repeat a few times a year to make 5K profit.
Is this realistic?
If there is a crash I would just hold my position long term as this is spare money I don’t need. If it works out, eventually I would only swing trade with the profits I have made and put the original capital in my savings.
I don’t know any technical things but since my swing trading plan is so chill/flexible I figure it’s almost impossible to lose money. The stocks I’d be swing trading - I already hold them as long term investments that I won’t sell for decades anyway, so in a market downturn I will just hold my swing trade long term instead.
I genuinely can’t see how I could lose money which can’t make sense so..
my question is:
1. What is the hole in my plan? Am I missing something obvious?
2. Any course recommendations or app recommendations or and technical skills I should look into/self study?
I’m a newbie so please no unhelpful comments I’m trying to learn and see any holes in my plan. Thanks!