Hey daytraders, What advice would you give to a swing-trader?

[crgarcia]

Hey daytraders, What advice would you give to a swing-trader?

 

[hoodooman]

Use a broker that honors your stops.
Daytek, Brown and TD Waterhouse didn't honor mine.

 

[Big AAPL]

The same methodology you use for swings can probably be used for daytrades (not scalps) so long as you keep an eye on support and resistance levels, and keep fundamentals out of the equation.

 

[drmarkan]

Quote from crgarcia:

Hey daytraders, What advice would you give to a swing-trader?

Start daytrading.

 

[myminitrading]

Stick with swing trading, daytrading makes your broker alot of money.

Thats what I have noticed over the past decade.

 

[crgarcia]

Quote from drmarkan:

Start daytrading.

I knew somebody would say this.
Don't have enough time for daytrading.

 

[maxpi]

Keep it up then

 

[dandxg]

Scalping for ticks is a sucker's game. Prop shops have a hard time making money at it, how can you? Intraday swing trading is where the money is at. In fact I made more money holding a good position than getting in and out.

 

[whitster]

"The same methodology you use for swings can probably be used for daytrades (not scalps) so long as you keep an eye on support and resistance levels, and keep fundamentals out of the equation."

personally, just fwiw i frequently use fundamentals when swing trading.

sector, management, industry saturation, etc.

 

[drmarkan]

Quote from crgarcia:

I knew somebody would say this.
Don't have enough time for daytrading.

In all seriousness, what type of advice are you looking for? Trade strategy, PnL management, etc...