Swing Trading Over Christmas – the best way to make money over the Holidays?
The Holidays are always an expensive time of year. All the presents to buy for friends and family. Big meals to plan. Chocolate to nibble on. So, what’s the best way to make money over Christmas?
In this blog, I want to show you how it’s possible to use our unique trading strategies to make some easy money over the Christmas period (with hardly any work and plenty of time left over to watch all of your favourite films).
Pull the other one, it’s got bells on
I know, I know…
As much as everyone says they look forward to it, Christmas isn’t always the most relaxing time of year.
Food to prep, presents to wrap, house to clean, carols to learn…
The list of things on the ‘Xmas To-do List’ can seem endless.
But what if I told you there’s an easy way you can make some money whilst ticking off all the items on your list…
Well, there is!
Don’t believe me? Let me explain…
Have you heard of a technique called Swing Trading?
It’s a style of trading where you hold trades anywhere from a couple of days to a few weeks.
Basically, it’s the opposite of Day Trading where traders aim to complete trades within a single day.
Swing trading has many advantages but the biggest is that swing traders have to spend hardly any time at all at the screens – making these types of trades perfect for the busy Christmas period!
Many traders here at Trading College, including our Trading Coaches, make big profits from swing trading for as little as 15 minutes per day at your computer looking at charts.
“But how can that be possible?!” I hear you ask.
“To make profits without spending hours actually doing something at a screen?”
Well, let me tell you a bit more about this relaxing style of trading.
Swing Trading 101
Because swing traders are expecting to hold their trades for days at a time, it means that they are only concerned with looking at the higher timeframe charts.
These tend to be the Daily, Weekly and Monthly Charts.
This means that the smallest timeframe chart a swing trader will be looking at is the Daily Chart and the Daily Chart only confirms a new candlestick once every 24 hours.
If new candlesticks only confirm once a day, it means you only need to check for any new trades once a day!
As you will already have your predefined list of markets and alerts set-up from our Pro-Trading Screeners and our helpful Trading Bot, you can quickly scan through your charts for new trades in as little as 15 minutes!
What makes Swing Trading even better is that it works extremely well with Trading College’s own strategies.
But that’s enough waffling on about the theory of Swing Trading…
Let us, like a ghost of Christmas Trading Past, take a look at some trades that have set up over the past festive periods.
AUDCAD – 15th December 2020:
Traders without our proprietary Trend Predictor software would never have seen this inconspicuous little green arrow appear on the Daily Chart of AUDCAD on the 15th of December. But it’s lucky that we did because Christmas came early with this trade!
With a stop loss of only 40 pips this trade went on to make over 360 pips profit – which is a 9:1 Reward:Risk ratio.
If you had placed this trade at only £2 per pip in a Spread Betting account you would have made over £720 in profit!
AUDNZD – 6th December 2021:
Our Pro-Trading System strategy is our flagship trading software at Trading College. We love it because, as well as being highly profitable, it couldn’t be simpler to use.
When we get a new colour candlestick from a different candle and this is a signal for us to enter a new trade.
This includes a fantastic trade on the Weekly Chart of AUDNZD on the 6th of December 2021. This trade had a 250 pip stop loss with a reward of 880 pips meaning a Risk:Reward ratio of 1:3.5. If you had placed this trade at only £2 per pip in a Spread Betting account you would have made £1,760!
Crude Oil – 26th December 2021:
Still full of food from the day before, you could have taken this trade whilst relaxing on the sofa polishing off those Quality Street. On the 26th of December 2021, you would have woken up to find one last Christmas present delivered overnight – a brand-new Momentum Trigger Long signal from our Storyteller Indicator on the Crude Oil market.
This trade made a five-times return on your initial entry over just three months (with multiple opportunities to compound your trade on the way). What better way could there possibly be to enter the New Year?!
I hope this article has been interesting and has shown you the potential of our trading strategies to provide a relaxing way of trading during even the busiest periods of your life. If you have any questions about our courses or software please don’t hesitate to get in touch. Find out more here.