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Doe's this seem like a good investing/trading strategy? If not, what is?
I am 19, still young, very ambitious with my money goals, and a very aggressive style investor/trader, i.e. willing to take enormous risks, but with good odds in my favour. Anyway does the following seem like a good investing/trading strategy:
1. I’ve learned the mechanics of buy-and-hold already, so that’s fine… I understand fundamental and the basics of technical analysis.
2. I’ve been reading Swing Trading For Dummies, and have been practicing swing trading strategies, live, in the underlying stock market, and will continue this way for at least 3 to 4, maybe 5 years until age 24.
3. Once I have made sure I know how to swing trade properly in the underlying share market with the 3, 4 or 5 years experience I mention by age 24, I will then move onto more advanced trading techniques such as using CFD’s to leverage my capital, and with swing trading – again as I did the underlying shares, swing trade with CFD’s on individual stocks for higher returns.
Does this sound like a good investing/trading strategy to you for a UK based investor in your opinion?
Sorry my question is so long but I need someone’s opinion ;D
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