THE SCALPER – the scalper, often keeps trades open for a brief period and trades the market in times of very high volatility. THE DAY TRADER – the day trader closes all positions at the end of every day, with each day as a different trading day. THE SWING TRADER – this swing trader will keep trades open for days at a time and makes a profit from wide swings in the market. THE POSITION TRADER – The position trader who holds positions open the longest of all traders. Once an investment is made, the position could be kept open for months or even years.
Let me Explain In Detail here :
EXPLAINED 👇🏻👇🏻
THE SCALPER : Scalping is high risk, high reward trading strategy used by expert traders. The trading day is full of volatile periods which requires scalpers to continually monitor the charts for a good time to exit the trade. It is very high pace trading, with many small trades opening and closing all the time. Scalpers usually trade the openings of major markets.
THE DAY TRADER : Day trading is slightly less risky than scalping and ideal for those who like to see their profit at the end of every day. This strategy is not for newcomers, and not for traders who hope to leave their trades unattended while at work. This option is also good for traders who can not trade every day of the week but can still commit a full day to their trading.
THE SWING TRADER : Swing trading is a better setup for the beginner trader. Progress will be visible in your account over a couple of days. Swing trading is an opportunity for a trader to set up fewer but better trades, which suits a trader who is still learning. If you are making longer trades, hoping to make a profit from swings in the market, make sure you have a well-funded account so you don’t get a margin call by your broker at a time when closing your trade could mean a loss on your account.
THE POSITION TRADER : Position trading is for someone who has limited time, and more ideal for those who spend long hours commuting that can be used for research. The downside of position trading is that much of the time your capital is going to be locked up in trades, so it limited your ability to jump on explosive trends to make a quick profit.
Im a momentum trend trader. I feel I fit in between Swing and Position in terms of time frames, but neither of the strategies :)
The best thing I like about trading is SO many different strategies and approaches. Short term / long term. FA / TA. Long / Short etc etc.
Thank you for posting this and contributing to the community.
Global_Fx
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@Angusmck, Great!, Id Love to try Momentum Trading too :)
Thanks for your comment and support much appreciated !!
Global_Fx
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@Angusmck, What do you think about this XAUUSD chart :)
Chipsta
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@Global_Fx If you compare the price of gold to 100 years ago though it’s flat.... Also a major reason why I don’t think gold will increase long term from a fundamental perspective is that it’s used to hedge inflation; however, crypto is also used for the same thing and the demand for crypto is increasing significantly compared to gold and the market caps are MNF even close, meaning crypto has incredible growth potential be gold imo. Just my thoughts long term :)
Chipsta
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Typos sorry
Chipsta
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Agree on momentum swing trading, ive always valued assets from a fundamental perspective but it seems crypto is influenced so much more by TA... and truthfully I’m struggling to figure out my strategy so I just invested a lot into OMG ADA and KNC 🤷♂️
ShiroYoo
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For me, I am a swing trader but sometime i will become day trader as well
sukri4546
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Still try hard to be a swing trader..now practice as intraday trader...with your support & knowledge i think will be like you brother...
The best thing I like about trading is SO many different strategies and approaches. Short term / long term. FA / TA. Long / Short etc etc.
Thank you for posting this and contributing to the community.