My experience is also the same. Swing trading beats day trading in pure returns and is less time consuming and stressful. Only positive for day traders is that they can control the volatility of their portfolio and drawdowns are lesser, but returns aren't necessarily more.
Obsession with trading and the markets. Does it get better or only worse?
- Thread starter Laissez Faire
- Start date
My experience is also the same. Swing trading beats day trading in pure returns and is less time consuming and stressful. Only positive for day traders is that they can control the volatility of their portfolio and drawdowns are lesser, but returns aren't necessarily more.
Depends on what you trade. I trade ES. For me:
- If you are good in swingtrades and bad in daytrading your returns will be better in swingtrades.
- If you are good in daytrading and bad in swingtrades your returns will be better in daytrading.
- If you are good in daytrading and good in swingtrades your returns will be better in daytrading as the potential in daytrading is bigger.
There is no best system, all depends on the (lack of) qualifications of the trader.
Mathematically the potential in daytrading is bigger. But daytrading is mor e difficult then swingtrading. A daytrader can trade 23 on 24 hours and can use a higher leverage.So the swingtrader has to make many times bigger moves to compensate the leverage. Daytrading returns will almost always be bigger.
In swingtrading you can make money while you sleep, but you can also lose money while you sleep. In daytrading you never win or lose overnight.
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Good practical points;
trading/investing never prints money== only the us Treasury does that. Good thing as a trader/investor we can help with their coin shortage/try to sell @ a whole number. IF time keeps on/trends on + it may not make the round number, consider change/LOL
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Short term trading seldom makes or manages millions /billions like longs/unless your name is T Crabel/T Jones.Mr Crabel notes his short term trades have less risk; true+ sometimes less rewards/less dividends if dividends are payed??
I did stop trading single stocks== too many hours for the profit given; ETFs may make almost as much but not exactly as risky for the time/treasure invested.
Daytrading is more stress/work/that's why I still do it some.IN the seldom done surprise rate cuts, my inverse daytrades[short profit] may lose more =if i'm in/but that has happened once in 20 years...…………………………………………………….
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I like to think of trading like chess. People enjoy chess. Have chess stations set up in parks where regulars play all day. They love the challenge of it. The strategy of it. They love chess for the game in and of itself.
Perhaps you are looking at trading in the wrong way. Many who get in to it do it for the money, not the skill. For you the money is probably secondary while the skill and challenge of mastering it is first and foremost. To you trading is your game of chess. You enjoy it. Some people go to clubs or bars for enjoyment. Others go play chess for enjoyment while studying to become better at it. You trade and do everything to get better at it for your enjoyment. It just so happens that you can also make a living at doing it. Scaling up in position size is moving to the next level of your game of 'chess'. The challenge increases.
It's not the money for you, but the challenge of mastering a game many never will. So don't look at it like a need to look for balance. For you trading is both a joyful game of chess you enjoy playing while simultaneously a business. The two are not mutually exclusive as they are for others. Think of a night club owner who enjoys meeting and greeting and the excitement of being 'the man' in his own club. He also makes his living at it. His business is also his pleasure. It's his 'game of chess'. Very few people get the luxury of making a living at something they also love doing. I consider this the perfect life balance. You need change nothing. You are already balanced imo.
I have to forcefully pull myself away mentally every few months. It’s been this way (no change) from the last 7 years of trading.
Well said!
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Generally true;
exceptions include but not limited to the 33+ year NYSE specialist said he could lose a years profit in a day.
But dont know if he did that or just was honest enough to realize he could??
My Plans include doing some thing else some times \ even if i have resting orders in......
Consider yourself lucky. BEAR market is the cure for your/our disease.
Cast in stone are the following about even a regular BEAR - but this one is no regular BEAR, it is the King of Kings
Traders/Investors just simply lose interest in the the markets and walk away disgusted.
Thinning out of forums and such places will be in accelerated mode so evenif you wanted to post here it would be too boring as there would be few if any left.
CNBC, Barron's, et al will cease to exist waaaay before the end of the BEAR
Look to NATURE for the magnificent replacement/addition to your life.
Man, quit sounding like a noob (well, maybe you are). This bear market feels like peanuts compared to 2008 market crash. I haven't even detected any real PANIC in the market like in 2008. As for CNBC and Barrons, I'm sure they will outlive you and your measly account.
You are a RETARD!
And by the way, I AM a noob and proud of it. Listen up retard ........... even the corona virus crash from Feb 12 2020 to March 23rd 2020 made the 2008 crash look like a volkswagen and even made the grat Depression speed of decline look like a whimper.
OUR current BEAR has only just begun. You are too goddamn stupid to realize this.
You have not detected any panic? Clown! Panic only comes in the devastating wave in the middle portion. Now is too early. Ther is a long ways to go, long long long, 2 years minimum.The panic when it comes will be so intense you will be driven insane by it
One moron after the other here at Hotel California