I am a swing trader but I do both of them if I could and I achieve the price that I am aiming for.
Before I buy a crypto I would first set a price where I would sell it.
Topic: What kind of trader are you - Day Trader or Swing Trader? - page 3. (Read 791 times)
Sometimes I do daily trades but since my schedule wasn't that balance so I prefer swing trader lately. We need more focus, more attention and the risks is higher in daily trading and I wasn't that too attentive to watch over my trades always. Margin and swing trading is suited for me as I can manage it more efficiently with proper reading and use of TA and FA of course.
Actually we have to change our mind some times. Price can't stay at the same. Sometimes price goes very high to low then it is really hard to sell at low price. We have to wait some more times.
Not "have to change your mind", but to "change your strategy" based/depending on your own strengths, and the skills that you possess.
But 90% of pleb-traders that "try" to day-trade/swing-trade are losing to the top 10% of traders. We plebs can zoom out, see that Bitcoin has never crashed down its 200-week EMA, adopt a buy the dip, and HODL strategy with dollar-cost-averaging.
I am like you are a day trader, because for me holding coins for too long is boring and not challenging. That's why I really like day trading,
I can get profit every day. Even though the profit I made was not that big, about 2% - 5% per day but if accumulated for a month the results
are quite satisfying. And what must be remembered, day trading carries a higher risk than other types of trading. Because we have to analyze
price movements in the market every day, and it is very tiring, if we are wrong in analyzing it can make the decisions we make are wrong.
We can lose money every day, so day trading for people really have to have enough free time, so that they can be optimal in analyzing prices
in the market.
I can get profit every day. Even though the profit I made was not that big, about 2% - 5% per day but if accumulated for a month the results
are quite satisfying. And what must be remembered, day trading carries a higher risk than other types of trading. Because we have to analyze
price movements in the market every day, and it is very tiring, if we are wrong in analyzing it can make the decisions we make are wrong.
We can lose money every day, so day trading for people really have to have enough free time, so that they can be optimal in analyzing prices
in the market.
I cannot call myself a daily traders ,but a position traders I always check price of Bitcoin for example daily and look for good entry to set orders - which means there are day that I don't have trades if my orders is not filled so I cannot call my self as a daily traders .
Scalper might the fit position for me since I am trading base on market price and see possible good entry.
Scalper might the fit position for me since I am trading base on market price and see possible good entry.
Non of those mentioned which I can fit myself towards it, because I am doing long term trading which selling during the peak price of Bitcoin or whatsoever coins I have. With that strategy I may lessen the pressures and emotional struggles from trading. Enjoying my family's time would be at full capacity to relieve stressful days that I am battling everyday.
I've been in trading for quite a long time but not a full pledge trader. I'll just stop by when I have a long break from my job and stop then. I called myself still a beginner, it was right since I was still about to keep learning as should be no matter how long we've been in trading.
Technical analysis, fundamental analysis, I know that not all traders are been so keen dealing with this, in fact, I barely not to use this instead, I'm going straight of what I understand base on the current market behavior.
https://www.investopedia.com/articles/active-trading/052815/pros-cons-day-trading-vs-swing-trading.asp
This could help some people to understand their current trading stance and find themselves out from it.
Technical analysis, fundamental analysis, I know that not all traders are been so keen dealing with this, in fact, I barely not to use this instead, I'm going straight of what I understand base on the current market behavior.
https://www.investopedia.com/articles/active-trading/052815/pros-cons-day-trading-vs-swing-trading.asp
This could help some people to understand their current trading stance and find themselves out from it.
Amazing with so many answers! I will reply to all of you soon.
Keep posting!
Keep posting!
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
I am a swing trader and my reason for this to be the case is very simple, it is easier, day trading is by far the most difficult way to trade the markets because you need to actually watch the markets all the time and take decisions in a matter of seconds, and if you are unable to do that then you're bound to get losses as other traders faster than you buy before you do and move the price and take advantage of opportunities that you cannot, so I prefer a style of trading that is not as intense and that gives me more time to think about whether or not the place my trade. 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
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eXch.cx - Automatic crypto Swap Exchange.
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
What kind of trader are you? Please also motivate why you chose this style.
1. Day Trader / Scalper
Don't know if I fit well in this category or not but my trades happens mostly in a day although some take me days to reach my target. Of recent my trades has been mainly news influenc, meaning I trade on news and the profits has been in the lower level of two digits like between 13-18% each time I execute a trade. I'm still experimenting to n this as I don't do it simultaneously everyday therefore don't it'll be appropriate to call myself a day trader.
I see day traders as the traders that keep the market active by trading every now and then on a daily. That is something I can't advice as it'll be a stressful event for me and has a lot of disadvantage to the human body like eye issues and other deficiency. I respect those who engage in the activities though as without them the market would had been boring and probably drive away lots of investors.
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 think "Intra Day" should come in somewhere in the list above. The Intra Day trader stays longer than the Scalper but doesn't last long like the Day Trader. He's an in between. Well, for me, I like to swing my trades. So, I should say I am a Swing Trader but that doesn't mean I can't take profit in less than a day once I trigger a trade if it meets my expectant level. The thing is that I hate to watch paint dry by always looking at the computer screen. Just set the level and TP and let it run. 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 cannot call myself a daily traders ,but a position traders I always check price of Bitcoin for example daily and look for good entry to set orders - which means there are day that I don't have trades if my orders is not filled so I cannot call my self as a daily traders .
Scalper might the fit position for me since I am trading base on market price and see possible good entry.
Scalper might the fit position for me since I am trading base on market price and see possible good entry.
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
^ I am not one of the above, I am a long-term trader. I bought some crypto coins and then sold them when I felt they were profitable. I don't have much time to be a scalper or swing trader. 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
Both day trading and swing trading can be profitable as long as the trader has enough skills and confidence in doing either of the two. When I was still new in the trading world I started doing swing trading but for some reason, I find it riskier than day trading only for me, until I decided to do and try day trading for I'm quite sure how to handle different circumstances when it occurs unexpectedly.
Day trading really requires your time and attention which makes the crypto less profitable for people like me who also work in a different industry for a living and can only do the trading during rest days and spare time while keeping my crypto in my noncustodial wallet while I'm still at work. However, both are good but you need to know which will suit you best.
For now, for me, I decided to hold for a while and consider as a long time trader.
Day trading really requires your time and attention which makes the crypto less profitable for people like me who also work in a different industry for a living and can only do the trading during rest days and spare time while keeping my crypto in my noncustodial wallet while I'm still at work. However, both are good but you need to know which will suit you best.
For now, for me, I decided to hold for a while and consider as a long time trader.
What kind of trader are you? Please also motivate why you chose this style.
1. Day Trader / Scalper
I tried, then I lost coins.
Quote
2. Swing Trader
I also tried, then I also lost coins.
Quote
4. Other (please explain)
THEN I said, "ENOUGH IS ENOUGH!", and I was transformed to preach the religion of "Buy the dip, and HODL". Winner = me.
I'm considered probably three things.
I have different strategies and being run in separate bots. One is a market maker, which trades every time it detects a great position. Great for the sideways market with the option of swing depending on the market condition. Swing trader for long-term trading, I automate it and have a stop-loss on it to make sure I don't lose all my capital. For the Auto Trader, I use Gunbot for every trading related thing, like charting, alerts, checking market conditions, etc.
So basically, I like how I can leave the bot running and just be assured that I won't get rekt as long as I have the right settings in place. I don't have to constantly monitor the market, and I could focus on other things as well.
- Day Trader and Scalper
- Swing Trader
- And Auto Trader
I have different strategies and being run in separate bots. One is a market maker, which trades every time it detects a great position. Great for the sideways market with the option of swing depending on the market condition. Swing trader for long-term trading, I automate it and have a stop-loss on it to make sure I don't lose all my capital. For the Auto Trader, I use Gunbot for every trading related thing, like charting, alerts, checking market conditions, etc.
So basically, I like how I can leave the bot running and just be assured that I won't get rekt as long as I have the right settings in place. I don't have to constantly monitor the market, and I could focus on other things as well.
As a day trader, I can also position myself depending on the market's movement on that day. It's also less risky and sometimes I can choose what crypto to trade so I can gain more profit.
This is one benefit as a day trader. You can make short profit within hours and this is a big advantage over other kinds of trade like swing that takes time to pick profit. Day trading is more convenient for someone who has time to monitor their trade.
I am not doing both day trader or swing trader, but I think I will do day trader if the market moves well. But I don't force myself to still trading if the situations change the direction because that can make it hard to analyze the entry and quit from the market. Every time I trade, I always take a look at the market, and if everything is good enough for me, I will try to trade with a small amount to make sure if the situations will be better for me. I think it is hard to explain because I am not good to explain 
You can find which one you can do in trading, and that will need practice and experience to know what type of trading matches you. Perhaps, learning more about analyzing will help you to find what you need. But if you satisfy with the day trading, you can still continue and make a profit.
You can find which one you can do in trading, and that will need practice and experience to know what type of trading matches you. Perhaps, learning more about analyzing will help you to find what you need. But if you satisfy with the day trading, you can still continue and make a profit.
I think it was a good explanation, I get it! I agree that it's good to trade with smaller amounts when the market is acting weird. I also think it's a good idea for beginner day traders to start off with paper trading or trade with a very small amount for the first months.
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
Day trader so I can monitor my daily profit and analyze it weekly or monthly how much I earned through that time. As a day trader, I can also position myself depending on the market's movement on that day. It's also less risky and sometimes I can choose what crypto to trade so I can gain more profit.
I think your style is very common. I agree that beginner traders should not jump straight into scalping.
My best advice to beginners is to try whatever style they want, even scalping or day trading, if they follow this simple rule very strictly: Only trade with amounts like 10 - 100 USD until you are profitable.
Day trading or scalping is very risky for beginners. I don't advise them to do so.My best advice to beginners is to try whatever style they want, even scalping or day trading, if they follow this simple rule very strictly: Only trade with amounts like 10 - 100 USD until you are profitable.
I know that day trading will make you survive in the long term but it would teach you a lot of lessons first through losing. I'm more into chill trading that I'll buy when the market dips.
Wait for a moment then sell. The very common trading style. No need for much time of looking into the charts.
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