is it better to daytrade or swing trade

[Baron]

so when i look at the chart, a lot times it rises very slowly within a week or month in a uptrend before it goes back down again so is it best to swing trade?

That question is like asking "Which is better? Snowboarding or Skiing?" Until you try both and see which one is a better fit for you, there is no correct answer.

 

[PrestonRiver]

I think you have to try both and see which one suits you better, cause it's 100% up to you
I prefer swing trading.
It is more flexible and it can reduce pressure and emotion and well, it suits my personality! So my answer is that go and find the answer yourself!

 

[lindq]

That question is like asking "Which is better? Snowboarding or Skiing?" Until you try both and see which one is a better fit for you, there is no correct answer.

And of course you can DIE with either.

 

[TheDawn]

Pick one. Just don't turn a day trade into a swing trade because you are underwater.

Wish I met you when I was starting out. Did so much of that and it was not fun.

 

[TheDawn]

so when i look at the chart, a lot times it rises very slowly within a week or month in a uptrend before it goes back down again so is it best to swing trade?

It would depend on your style of trading, your lifestyle choice and your trading capital situation.

 

[deaddog]

Wish I met you when I was starting out. Did so much of that and it was not fun.

So did I, I'm a slow learner but I eventually figuered it out. My mistake was turning trades into investments.

 

[TheDawn]

So did I, I'm a slow learner but I eventually figuered it out. My mistake was turning trades into investments.

It was brutal especially when you are on a losing trade. Really drove home the point of "cutting your losses short".

 

[tony.m]

ineedmoney name checks out.

 

[bln]

Use what ever works best for you.

Calculate the hourly net income for the time spent in front of the computer and you'll see how good it is.

 

[Money Trust]

Truth be told, there is no answer to this question. It's gonna depend on you, your goals and most definitely your psychological makeup. I spent years asking this question and still do occasionally until I realized that FOR ME, day trading is best due to my psychology but swing trading is also best due to my desire for consistency. So, like another posted said previously, I decided to mostly day trade but hold on to winners that have potential for larger gains.