What makes a good Swing Trader? — Patience

$LYFT breaking out today

One month, that’s how long ago I posted about $LYFT being at a good price. In that time we had some minor breakouts that never took hold and quickly dropped back down. Most would be deterred and consider this pick a failure, but this isn’t day trading, it’s swing trading. Trades can last weeks or even months depending on how that particular stock moves — some make very sharp quick moves like a jackrabbit (I try to avoid these erratic stocks) and other are slow and steady like the turtle (these are the ones I prefer).