And we all know about buy and hold, a strategy beloved of lazy investors but which many patient players have used to make lots of money. Perhaps the best-known example is the U.S. billionaire, Warren Buffett.
Swing traders have a longer attention span than day traders.
They usually hold their stock positions for two to five days, instead of two to five minutes. This means they take the risk of holding overnight, or even over the weekend. This is a practice that the day trading outfits and manuals warn against. So we don't advocate swing trading exclusively. Keep in mind, however, that at this site the long term is measured in weeks or months, not years.