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 778 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.
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.
Neither of the two, day trading is too hard for me, is very busy and i generally lost at the end, i am too stupid to do this day trader job. Swing trader, i guess i'm not too, i usually keep coins for months, even years. Only if its price reach my psychological price or i am out of cash, i would sell.
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.
I am just an occasional trader because I mostly buy and hold Bitcoin, altcoins, etc. I wanna do day trading but it’s not my calling yet, but I am still learning about the skills, etc. Before I am confident in doing day trading, I usually practice myself in Newscrypto’s trading simulator 2.0 with a demo amount but trading in real time.
:....//...:Joel
Hi! JoelIf you ask empirical people who are successfully engaged in trading without studying or learning what their strategies are called, or what type of trader they are, they don't tell you anything specific, but if you explain them they end up telling you; aH! that is (eg) Swing Trading is this or that, so makes me tell you that sometimes I use common sense more than anything else, sometimes it is " talent " othertimes" luck "but without a doubt one ends up applying one or another strategy that guide you in a certain style.
I am not "married" in a trading style ... but I like to read and study them.
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
Among all the list OP mentioned I don't think I fit in any category, I don't know what can be called on signals subscribers, I followed the instructions/signals made by expert traders and that's how I made my gain depending on my inputs because I knew my analysis hasn't gone as I planned and always fail that's why I choose to subscribe to signals group and it works better for me. (Not advertising any signal group thought).
With all of these, I feel it could be classified as day trader as well if I'm not mistaken.
With all of these, I feel it could be classified as day trader as well if I'm not mistaken.
you can fit in the no. 4 on his list because no.4 is others/explain and you already named your category as a signal subscriber or you can also fall on the pump and dump groups because those people are also dependant on the signal of the founder of the group .
you didnt choose to be like this imediately but you also tried to trade on your own , i like that although trading on your own didnt work well and now you found your worth on that kind of activity .
me i will fall on the newbie because im still figuering out on how to trade because i was foccusing too much in investing
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
hello joe
Until now, the Day Trader / Scalper strategy is still a comfortable strategy for me personally. and this is quite effective for us in controlling the movement of our money from day to day. although the benefits are not as big as we expect. but I personally keep trying to be consistent in taking advantage of how much.
well sometimes the satisfaction can't stop there, we need to be patient when it comes to selling, it turns out the price is getting up. it is very common.
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.
Thats a very good point and I think the same way. With day trading you can rely more on statistics. With swing trading or chill trading, you make fewer trades so you will have a harder time figuring out whats working or not.
I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.
What you are saying makes sense,you basically have to be glued to the chart, and its all pattern recognition after that. No shortcuts, just patterns and some psycology but you can start a scalp and end up swinging a nice chunk of profit like he says, just timing. Check out my live trade video below to see what i mean.
ITF
---------------
Check out EP01 +146% in 64 Minutes https://youtu.be/RlzeLc6foyk
Among all the list OP mentioned I don't think I fit in any category, I don't know what can be called on signals subscribers, I followed the instructions/signals made by expert traders and that's how I made my gain depending on my inputs because I knew my analysis hasn't gone as I planned and always fail that's why I choose to subscribe to signals group and it works better for me. (Not advertising any signal group thought).
With all of these, I feel it could be classified as day trader as well if I'm not mistaken.
With all of these, I feel it could be classified as day trader as well if I'm not mistaken.
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.
Scalping is really nice. I like that as well, but it really requires a lot from the trader. It can hit so many emotions and it's easy to break rules. But once mastered, it can be really efficient.
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.
Thats awesome to hear Astvile, that day trading and scalping is working out for you. Can I ask which exchange you trade on and which coins?
All the best,
Joel
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.
Cool, chill trading is nice. I did that back in 2017 and 2018, I enjoyed it. Then I got cocky and setup a lot higher goals, therefore I started day trading. Then I lost a lot of money before I finally got profitable.
[moderator's note: consecutive posts merged]
I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.
You make "huge profits" out of day trading? Can you provide some evidence to prove that? Or do we have to trust you?
Because, I know that plebs like us always get the worst end of the trade.
I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.
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
you can use a minimum capital of $ 50 to get $ 1 per day
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.
Before I buy a crypto I would first set a price where I would sell it.
What I am looking forward as trader who do swinging, is that the present risk on different aspects once fluctuations starts happening. Pressures and emotional struggles will affect every decision making, so I recommend setting up a target value when selling your coins with limit. On this strategy you can just have chilling times, and it helps you cope us with stress.
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.
Yes, I totally agree. It looks so easy when experienced traders are doing it, but you have really no idea when you're new. If I would start over from scratch with no experience, I would trade with very small amount or paper trade until I'm profitable on paper.
Investor? I mean how could you not put the most known version of it as an option here? I am an investor, I buy bitcoin time to time, it all depends on how much money I have, sometimes I have none at all and do not put any money into it, sometimes I have a lot and put it all on bitcoin and sometimes I have just a bit so I put that. I even had times when I had no money at all and had a debt to pay so I did that.
Now I am working freelance from my home with my PC and my PC is very old and doesn't work properly, it acts up and crashes all the time which makes job so much more difficult, I even had to start all over again because of it few times, next time I cash out my bitcoin savings will be to buy a new PC. I just see bitcoin as savings account for myself.
Now I am working freelance from my home with my PC and my PC is very old and doesn't work properly, it acts up and crashes all the time which makes job so much more difficult, I even had to start all over again because of it few times, next time I cash out my bitcoin savings will be to buy a new PC. I just see bitcoin as savings account for myself.
Well, we are not talking about a religion, graphics should not prevail over logic, and even if you feel more comfortable with a type of trading should not exclude others. There are great opportunities in day trading, in week trading and in long term trading.
Dividing the investment into lots is hard to understand, but if you divide it into, for example 20 lots, you can do day trading with 5 to 10 lots, and keep your long term investment with the rest. And you can add lots to both tradings depending on the volatility, regulations, etc
For example with stocks, i have 15 stocks currently, and i don't want to sell them until march - june. But i have done a lot of day trading and a lot of week trading with other stocks with more volatility, like Hertz, Wirecard, or JCPenney (sold this morning). And JCPenney is a good example, 2 days ago exits bankrupcy, and this same day +35%, that would have been a great day trading. But why to sell when it's so obvious that the price can only go up?
Dividing the investment into lots is hard to understand, but if you divide it into, for example 20 lots, you can do day trading with 5 to 10 lots, and keep your long term investment with the rest. And you can add lots to both tradings depending on the volatility, regulations, etc
For example with stocks, i have 15 stocks currently, and i don't want to sell them until march - june. But i have done a lot of day trading and a lot of week trading with other stocks with more volatility, like Hertz, Wirecard, or JCPenney (sold this morning). And JCPenney is a good example, 2 days ago exits bankrupcy, and this same day +35%, that would have been a great day trading. But why to sell when it's so obvious that the price can only go up?
I just new to trading and just trading crypto currency only, I tried to trade in the forex trading but seem like that place is not suitable for me especially the platform they use.
I tend to be a day trader/scalper so far, since I have to get money to meet my family life although I realized now that new trader is not worth to make trading as a source income.
And I guess the trading fashion will change time to time especially for beginner. The beginner doesn't know all the market condition, the may need a long time to choose that his strategy is really suitable for him. Like me now, maybe I'll try to be a swing trader to compete with a day trader.
I tend to be a day trader/scalper so far, since I have to get money to meet my family life although I realized now that new trader is not worth to make trading as a source income.
And I guess the trading fashion will change time to time especially for beginner. The beginner doesn't know all the market condition, the may need a long time to choose that his strategy is really suitable for him. Like me now, maybe I'll try to be a swing trader to compete with a day trader.
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.
Before I buy a crypto I would first set a price where I would sell it.
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
legendary
Activity: 2408
Merit: 4282
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.
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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