I'm a day trader. I tried swing trading but it's too slow for me. Investing is waaaay to slow for me.
Day trading suits my personality very well. It was hard in the beginning but after 4 years... I'm finally profitable consistently.
Topic: What kind of trader are you - Day Trader or Swing Trader? (Read 790 times)
Swing trading is good, same thing day trading. In day trading you’re closing your position in a day while swing trading is taking longer than that to capture the increase in price within that period. I am into swing trading , I can have that patience and it works for me. Day trading is not a good choice for me especially for the fact that I have a lot of things to be doing in a day and can’t get the time to sit and be checking where the price will be heading the next minute or something . Day trading is best for those that have much time at hand to do all those analysis daily , swing trading is better for those like me that wouldn’t get the chance .
I joined a group of 50+ people, 5 of which are professional traders who always supply potential signals that people in the group consider going short or long. These five people have different trading techniques according to their respective styles, whereas I am just a silent member and monitor my activities and trade according to my wishes, but still consider the signals given in the group.
If called a daily trader, I am not a daily trader, sometimes I don't make exchange transactions for up to one week. On average, I trade every 3 to 4 days, because it depends on the sell order I placed. If the price is reached sooner, then I can start trading again with a new signal.
If called a daily trader, I am not a daily trader, sometimes I don't make exchange transactions for up to one week. On average, I trade every 3 to 4 days, because it depends on the sell order I placed. If the price is reached sooner, then I can start trading again with a new signal.
I'm a swing trader, I check the market and decide whether to enter or not. The major challenges here is when to enter trade. Even though this method has its on up and down but I think I like it due to the fact that I'm not that patient when it comes to trading.
I don't like to play with the daily numbers on the price quotes and trading the constantly changing daily graphics is not easy. Swing trading is suitable for me due to my daily life and the lack of time. Analyzing the weekly charts and making a trading decision is not as tough as the newbies think about it. Long term trading is better for investors who have both time and big capital.
That type of "occasional trading" is not wrong at all. If you are not feeling like intraday trading don't do it, if you feel like doing it then go ahead, but if you force yourself to trade that will result with bad losses whereas if you force yourself to just hold and you are not a holder you are going to end up doing a crazy move eventually when you can't wait anymore.That is why I always suggest that you should become whatever you want to become and let it be, it could change from day to day as well and there is no reason to just stick to one thing neither. That is why I think best version of trading is definitely occasional trading. I do make some altcoin trading time to time, sometimes just bitcoin, sometimes just buy and hold for months I just do whatever I want.
I'm curious about you traders in this forum.
What kind of trader are you? Please also motivate why you chose this style.
1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)
I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.
All the best,
Joel
What kind of trader are you? Please also motivate why you chose this style.
1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)
I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.
All the best,
Joel
Generally short scalps on the 3minute but sometimes you catch a breakaway and you can swing those babies
You can check out some of my live action here. I upload new day trading videos weekly
https://www.youtube.com/watch?v=RlzeLc6foyk&t=0
Thats really cool! Whats your average profit target on your 3 min scalps? Very curious.
I have a suggestion if you are more comfortable and happy in the world of trading, for example, why don't you quit your job and focus on trading?
if I am also a daily trader to see the movement of BTC I also look at news updates to avoid unwanted risks
I'm curious about you traders in this forum.
What kind of trader are you? Please also motivate why you chose this style.
1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)
I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.
All the best,
Joel
What kind of trader are you? Please also motivate why you chose this style.
1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)
I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.
All the best,
Joel
I think i can categorize myself as a day trader, I set targets of 5-20% profits for myself on different trade pairs at the same time. I draw out a trading chart, analyse it and get in to the trade setting a politing stop loss limit to ensure that my losses does not get deepened if anything goes wrong
All methods of trading are good and easy, as long you can do your own research and develop a strategy for yourself
It's better to choose to be a day trader, because the more profit will be in day trading,
you can use a minimum capital of $ 50 to get $ 1 per day
We know there are more profits to be had if you are a day trader, that is something that everyone knows but can you get them? Are you good enough to trade the markets for hours each day and take advantage of every single movement in the market? Because most people are not that good despite whatever they may think about themselves, also you need to have realistic goals, you could earn 2% per day sometimes but it is impossible to do that every day. you can use a minimum capital of $ 50 to get $ 1 per day
You could say I'm still a beginner. And still looking for the best trading strategy that is comfortable for me to run and will be able to bring profit. I have tried both day trading and playing long term with hold on several occasions, but have not been able to figure out which one is exactly what I want. There is still a lot to learn and keep trying, because trading is not an easy matter in my opinion.
I am a day trader and even I just rely on my own strategy, it working good. Making small profit is enough for me to earn for our daily needs of my family. It's very useful as long as you know hoe to prevent loses.
I am not a day trader but I used to trade too often on Binance as well as on Localbitcoin. This kind of trading method works fine and I don't really follow much of strategy, just go for the trade if I see profits and cashout the profits or the complete funds if I feel the prices will be dumped in near future.
I can call myself as occasional trader because sometimes I do intraday trading and when I am not making enough profits then I will take a break for a while or even longer then will get back to trading. Currently not trading because this is bullish season so holding is better than making risky trades.
Trading at this season is a good choice too. Most altcoins now are on uptrend since the year is ending and bitcoin is predicted to break its ATH this year. It's riskier to trade when it's bear season because you don't know how low the price can go. I prefer trading during these times and less risky imo.
I don't like to play with the daily numbers on the price quotes and trading the constantly changing daily graphics is not easy. Swing trading is suitable for me due to my daily life and the lack of time. Analyzing the weekly charts and making a trading decision is not as tough as the newbies think about it. Long term trading is better for investors who have both time and big capital.
I am a trend follower simply which may be classified as swing trader as well, I can hold my coins longer than a day and even more than that, and I sell when the market moves to a position that I have as my target.
Day trading is good too, but it is difficult for me as someone who is an employee that spends most of the time of the day working in the office from eight in the morning till six in the evening, and I only get time after work which I wouldn’t like to spend watching cryptocurrency market when I am supposed to be spending time with family and doing other fun things. So, swing trade is for me for now until I get the time for day trading.
We are the same when it comes to time vacant on spending when you do make trades.You would really be needing an ample time for you to deal with the market actively.Day trading is good too, but it is difficult for me as someone who is an employee that spends most of the time of the day working in the office from eight in the morning till six in the evening, and I only get time after work which I wouldn’t like to spend watching cryptocurrency market when I am supposed to be spending time with family and doing other fun things. So, swing trade is for me for now until I get the time for day trading.
So this simply means will vary on each persons vacant time for such engagement yet day trading does really needing that for you to check the price from time to time.
So swing trading will be the best path for us but somehow when i do have some ample time to spent i did try to make or practice day trade and i can say
that this is much more harder when you do just simply wait up for some trend redirection but it is really that rewarding if you do make things right.
I'm curious about you traders in this forum.
What kind of trader are you? Please also motivate why you chose this style.
1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)
I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.
All the best,
Joel
What kind of trader are you? Please also motivate why you chose this style.
1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)
I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.
All the best,
Joel
3rd option suits on me. Approximately 3 month passed since I started to trading cryptocurrency. And yet I'm only trading major currencies like btc, eth, ltc, xlm etc. Because I don't have much money to take risks. I have long way to go take that risks
I am a trend follower simply which may be classified as swing trader as well, I can hold my coins longer than a day and even more than that, and I sell when the market moves to a position that I have as my target.
Day trading is good too, but it is difficult for me as someone who is an employee that spends most of the time of the day working in the office from eight in the morning till six in the evening, and I only get time after work which I wouldn’t like to spend watching cryptocurrency market when I am supposed to be spending time with family and doing other fun things. So, swing trade is for me for now until I get the time for day trading.
Day trading is good too, but it is difficult for me as someone who is an employee that spends most of the time of the day working in the office from eight in the morning till six in the evening, and I only get time after work which I wouldn’t like to spend watching cryptocurrency market when I am supposed to be spending time with family and doing other fun things. So, swing trade is for me for now until I get the time for day trading.
I can call myself as occasional trader because sometimes I do intraday trading and when I am not making enough profits then I will take a break for a while or even longer then will get back to trading. Currently not trading because this is bullish season so holding is better than making risky trades.
Trading at this season is a good choice too. Most altcoins now are on uptrend since the year is ending and bitcoin is predicted to break its ATH this year. It's riskier to trade when it's bear season because you don't know how low the price can go. I prefer trading during these times and less risky imo.
Day trading is too exhausting for me, always have to observe the chart and analyze the patterns day-to-day basis. I occasionally do swing trading for some potential altcoins but mostly hold for weeks or months until it reaches a desirable price according to my research.
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