Topic: What kind of trader are you - Day Trader or Swing Trader? - page 4. (Read 746 times)
I have tried many trading strategies but what really worked out for me is day trading and scalping. I've been trading for like 3 years and so far day trading and scalping gave me profits that I want it is not that big but hey profit is profit as they say. I fit on my strategy maybe because same as you I am quite impatient and I want something to do or watch something everyday.
For now I do two techniques, but scalping techniques are the ones I use frequently. I did this because I had little capital. Actually I like holders for the medium term because I used to do that and was successful. But it requires a strong mentality. I think now is the perfect time to select some coins to hold.
Day trading is extremely difficult. Whether its crypto or stocks or futures. I tried it and basically it was stressful on the days when nothing moved. And those days you need to stay away from opening any trades because you will just get chopped to bits. Kind of what is happening with BTC this past week. Look at how many people got wicked out whether short or long.
Best type of trading is swing trading. Where you look at the markets and if you don't see anything worth taking, then you go out and enjoy life and you come back the next day. And this way you only take quality trades and you will be surprised at how high your hit rate is. Especially when dealing in strong trending markets like now with crypto or with stocks. I think bull and bear markets are easy to make money for most people but its the ranging choppy markets that can get most people to lose most of their funds.
Best type of trading is swing trading. Where you look at the markets and if you don't see anything worth taking, then you go out and enjoy life and you come back the next day. And this way you only take quality trades and you will be surprised at how high your hit rate is. Especially when dealing in strong trending markets like now with crypto or with stocks. I think bull and bear markets are easy to make money for most people but its the ranging choppy markets that can get most people to lose most of their funds.
It is indeed difficult and can be very stressful, especially when you're new to it. You also need to have the patience to not trade when there is no opportunity. You have to be ready to not trade for 2 weeks, if there is nothing to trade.
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'm a day trader, but if you are a beginner only then you go on to this kind of earnings in cryptocurrency it will be hard for sure for the
neophyte to earn quickly here due to its not that easy to understand what it is. That's the disadvantage if you are starting new here in this type of business.
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.
Day trading is extremely difficult. Whether its crypto or stocks or futures. I tried it and basically it was stressful on the days when nothing moved. And those days you need to stay away from opening any trades because you will just get chopped to bits. Kind of what is happening with BTC this past week. Look at how many people got wicked out whether short or long.
Best type of trading is swing trading. Where you look at the markets and if you don't see anything worth taking, then you go out and enjoy life and you come back the next day. And this way you only take quality trades and you will be surprised at how high your hit rate is. Especially when dealing in strong trending markets like now with crypto or with stocks. I think bull and bear markets are easy to make money for most people but its the ranging choppy markets that can get most people to lose most of their funds.
Best type of trading is swing trading. Where you look at the markets and if you don't see anything worth taking, then you go out and enjoy life and you come back the next day. And this way you only take quality trades and you will be surprised at how high your hit rate is. Especially when dealing in strong trending markets like now with crypto or with stocks. I think bull and bear markets are easy to make money for most people but its the ranging choppy markets that can get most people to lose most of their funds.
Unlike you, I tend to be very patient. I could be in trade for months if my belief is strong enough. That would probably put me in the position trader category as I have a much longer time frame in mind.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.
I feel identified with that way of investing, i try to take everything into account (fundamentals, trends, price levels, market environment...), i divide my investment into lots, and i make trading decisions every week, month, quarter, depending on volatility and volume. I think I am an investor, but open-minded and flexible.
Yes, I would also categorize that as investing which can be very efficient for crypto. You don't have to spend that much time and you can grow your account by a lot in the long run. But for me, I want the results as soon as possible, therefore I stick to Day Trading. It requires more time, more discipline, more skill, more self-control, but you can also get rewarded if you can handle all of that.
Unlike you, I tend to be very patient. I could be in trade for months if my belief is strong enough. That would probably put me in the position trader category as I have a much longer time frame in mind.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.
I feel identified with that way of investing, i try to take everything into account (fundamentals, trends, price levels, market environment...), i divide my investment into lots, and i make trading decisions every week, month, quarter, depending on volatility and volume. I think I am an investor, but open-minded and flexible.
Doing almost all, sometimes I swing, sometimes I do day trade, depends on the token am trading, some coins are best swing than holding for a long time, while some are best trade by holding and selling after pump, so I will say it depends on the coin you are trading.
Alright, cool! Out of curiosity, are you doing it part-time or full-time?
Doing almost all, sometimes I swing, sometimes I do day trade, depends on the token am trading, some coins are best swing than holding for a long time, while some are best trade by holding and selling after pump, so I will say it depends on the coin you are trading.
Unlike you, I tend to be very patient. I could be in trade for months if my belief is strong enough. That would probably put me in the position trader category as I have a much longer time frame in mind.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.
Very interesting! Would you consider yourself as a Swing Trader or Investor, or something else? I would say something between Swing Trader and Investor.
Unlike you, I tend to be very patient. I could be in trade for months if my belief is strong enough. That would probably put me in the position trader category as I have a much longer time frame in mind.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.
1. Day Trader / Scalper
2. Swing Trader
Doing both things yet there are times i do make out positions on swings when i do saw long term or duration type of trade but basing off on some mood where
i do feel on doing trades on active manner then i do make active trades or day trade.You can differentiate the two when it comes to difficulty
and i wont really suggest for noobs to go directly with scalping or active trades yet this isnt something that can really be handled out by people who
do just recently jumped off into the market.Its up to someones time and effort that you can put on but it doesnt mean that you will go with it
directly.
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.
1. Day Trader / Scalper
2. Swing Trader
Doing both things yet there are times i do make out positions on swings when i do saw long term or duration type of trade but basing off on some mood where
i do feel on doing trades on active manner then i do make active trades or day trade.You can differentiate the two when it comes to difficulty
and i wont really suggest for noobs to go directly with scalping or active trades yet this isnt something that can really be handled out by people who
do just recently jumped off into the market.Its up to someones time and effort that you can put on but it doesnt mean that you will go with it
directly.
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
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