How to do Swing Trading on Groww?
Swing Trading is an investment strategy where an investor holds their share for 1 week to 1 month earns a profit and sells the share after the profit is earned. So, if you have much time, or maybe you do a job or a business or don’t want to get into intraday trading and options trading but still want to earn a side income from the stock market then you can learn how to do Swing Trading on Groww.
About Swing Trading Strategy
The Swing Trading Strategy is much less risky compared to option trading or intraday trading. In swing trading, you buy a share for a few days, and a few weeks or for 1-2 months. So here you don’t have to look at the chart all day like intraday trading or option trading.
Here you investing with the intention that after a few days, you will sell the stock and earn a profit or if there is a loss you will cut your loss, so now after investing you suppose you feel that after a week the price of the stock has fallen by 2-3%, so you have lost. So if you had taken a trade then you would have had to cut your trade.
Swing Trading on Groww
As we discussed swing trading on Groww is the same as buying normal shares in Grow so for this. So you just have to follow the given steps:
1. Open the Groww App.
2. Tap on the search icon.
3. Search your researched stock, and tap on it. We are taking here an example of Zomato, and tap on the buy option.
4. Choose QTY and if you want to set the price limit then you set your limit, and then tap on the Add money button and add the money.
5. Now place your order.
Now you just have to set your stop-loss to prevent the loss. So when you have profit from the preferred share then you can sell your share to earn the profit.
Conclusion
In Conclusion, swing trading on groww is a great way to take advantage of short to medium-term price movements in the stock market to earn profit. Here groww makes this easy for the beginner to get started by providing many features and tools that help you improve your chances of success in swing trading. So he hopes our blog on How to do Swing Trading on Groww is helpful.
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