I used to think the same way. But it is naive. Daytrading leaves out the overnight, which swing+ can profit from. So the timeframes are barely similar.
Is Day Trading Necessary?
- Thread starter sidm
- Start date
Depends on how one defines "daytrading". If I'm up and I see a setup at 0600, I'll take it.
Of course, this only applies to something that trades 24/5.
You cant be up 24/5... unless automated. Plus you are out of the market during the weekend. I used to think this was a positive. Not always.
No, one can't be up 24/5. But one doesn't have to trade the tape or a 1m chart, either. At some point daytrading becomes "swing" trading, but it's not an either/or.