Is Day Trading Inferior to Swing Trading?

Try both and pick the one that works for you. Same with strategies. There are at least a dozen good ones but what works for you will be a loser for another. Nothing beats experience and learning from doing. No amount of paper trading or classroom will prepare you for the markets. Which is why if your reasons for trading is to go from $10k to $1M in one year, you will lose. Ignore the Tim Sykes-ish "success stories." There are self-made successful traders who don't go around tooting their horn and aren't trying to sell you a course.
Manage your positions and your risk. Study the markets every single day and you will learn a lot.
 
TradeCat said:
Try both and pick the one that works for you. Same with strategies. There are at least a dozen good ones but what works for you will be a loser for another. Nothing beats experience and learning from doing. No amount of paper trading or classroom will prepare you for the markets. Which is why if your reasons for trading is to go from $10k to $1M in one year, you will lose. Ignore the Tim Sykes-ish "success stories." There are self-made successful traders who don't go around tooting their horn and aren't trying to sell you a course.
Manage your positions and your risk. Study the markets every single day and you will learn a lot.
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I have to commend you, as you are spot on.

The world is full of dick heads - ignore them all, especially the ones selling something, grow up, take it serious, understand that there is never a gain without a risk, and plan accordingly.

It really is as simple as ABC, but most take it to XYZ!

J_S
 
sysfraix said:
According to Linda Raschke, the big money is with swing trading, holding 1 or 2 days.

Around minute 17:00

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Here are the SPX returns over different TF.

You can beat any superior TF distributions if you compound the inferior ones.
By the way ... The daily PDF doesn't represent an intraday trading PDF.
However ... it costs money to trade in and out each and every day.
I believe that the added value can be superior than the costs.

Objectively ...
Intraday beats Swing thanks to faster compounding.
However Intraday is more costly and offer less absolute returns.
But It's up to anyone to find the best TF as a solution for solving his problem.

Small accounts can't swing trade.
Certain strategy only work short term.
Bla .. Bla ... Bla .... Not everyone trade similarly.

For the ones who know a bit of option theory ...
Then the more Time the more Expensive the option.

I also know that 80% of the move happen 20% of the time.
So Swing the 20% of the time and daytrade the 80%.
Both day and swing trading have their (+) and (-).
 
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First rule of successful swing trading is to learn successful daytrading. Any book or talking head who tells you otherwise is clueless about position/risk management
 
You don't daytrade equities/stock -- there is no movement or range in that...this isn't the 90's anymore.
Any newbie or amateur still trying to do that is lucky to just break even, considering commissions will eat up any spare change you might happen to pickup.

just some food for thought for people who are beating their heads against the wall trying to make this game work for them :banghead::confused:
 
lawrence-lugar said:
You don't daytrade equities/stock -- there is no movement or range in that...this isn't the 90's anymore.
Any newbie or amateur still trying to do that is lucky to just break even, considering commissions will eat up any spare change you might happen to pickup.

just some food for thought for people who are beating their heads against the wall trying to make this game work for them :banghead::confused:
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Depends on your account size. Only reason I trade Options is because I don't have $500K to trade with. If I had >$500K to trade with, I would do two things. Quit Options and stick to vanilla equities and ETFs. I mean, why mess around with wasting instruments if you can afford not to, and then you get the full move, and not 50% of it. Second, I would quit hanging around $10k account size traders on forums, and really socialize with investors on golf courses.
 
lawrence-lugar said:
You don't daytrade equities/stock -- there is no movement or range in that...this isn't the 90's anymore
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This isn't true at all. Just harder to find volatility nowadays. That's the key ingredient. Trade management has also shifted from manual to more algorithmic. Adapt or be eaten. It's that simple. Daytraders today are much smarter
 
Turveyd said:
The most money to be made is definitely day trading, end of story.

Ofcourse you might trade swing better and make more money, but that's only cause you suck at day trading.
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You're the guy every newbie dreams to be.
The one that catch all the session's fluctuations.
To turn each & every upside down ticks into profit.
You bend space and time and the market. It's upward.
 
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