Whats your trading style: Day Trading or Swing Trading
To be a successful trader you need to find a "Trading Style" which
suits you "THE BEST" , in terms of risk appetite, stress,money
management. A trader who is not comfortable with his trading style or
has not found trading style are the one who commits the trading sins and
blow of their trading account.
Trading can be broadly classifies into:
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Trading can be broadly classifies into:
- Day trading
- Swing trading or Positional Trading.
- Day Trading is also known as 'Intraday'. It means opening and closing a position within the same trading day. Traders who are interested in scalping,quicker and smaller profits and trading on leverage and who can make multiple trades per day work on this strategy.
- Swing Trading means that you are trying to take advantage of larger price swings in the markets. Traders will carry positions for few days to 2-3 weeks. Trades can be taken based on Gann/Harmonics/Price Action trading methodology to find swing trades.
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