Swing Trading > Day-trading.

[comagnum]

I day traded for years back in the day, like so many I switched to swing and never looked back, even a lot of the top day traders of the 90's are now swing trading. The overnight moves contribute sharply to the profits even though some trades have overnight moves that cause loses. I pay a lot less in commissions and let time in the market do the heavy lifting for me, I get to sleep in many days - a lot less stress and much more profit, it is a sustainable way to trade. Some of my trading is on Forex, its a fine market for swing trading, never felt I was robed by the banks or broker.

 

[ken__0]

I keep seeing 3-5 days moves that are making me very optimistic. Then I see intraday moves for a few stocks while I'm locked into A long term move.
I guess in the end live with no regrets . Day trade while your waiting to find a swing trade or vice versa.

 

[achilles28]

Yes, we haven't seen crazy overnight moves that many times but Brexit was just months ago and that gap was radical. It's more about the things that we can't foresee.

Holding es futures overnight isn't a huge issue. Market is near 247 and liquidity is there to execute orders....

Stocks u have a point. Forex, many futures are good to go....

 

[achilles28]

BUT news could come out, while I'm daytrading risking 2% say with a 8pt SL, Market can and has gapped say 200pts ( 50/50 shot of being on the right side ) and put many many account seriously negative, where as a 200pt news related swing might cause 2x's your max loss you'd expect, which compared to 50x's is nothing.

I just jump on current 1Min direction personally, I can't find any reliable predictive value in longer trades these days

Gotta be in it to win it

The long term trends are there. Just take step back. Look at the hourly instead of the one minute. Where is the hourly going ? use one minute to enter ...?

 

[achilles28]

I day traded for years back in the day, like so many I switched to swing and never looked back, even a lot of the top day traders of the 90's are now swing trading. The overnight moves contribute sharply to the profits even though some trades have overnight moves that cause loses. I pay a lot less in commissions and let time in the market do the heavy lifting for me, I get to sleep in many days - a lot less stress and much more profit, it is a sustainable way to trade. Some of my trading is on Forex, its a fine market for swing trading, never felt I was robed by the banks or broker.

My thoughts exactly. Perfectly said. Swing trading is just..... better

 

[achilles28]

The problem with swing trading is that if the market moves against you in that loooong time between market close and open the next day (or even longer if you hold over the weekend), grab your ankles!

You can try limit orders during after-hours to save some, but with any kind of spike... get in line.

Forex ? Es ? Cl ? Treasuries ? All trade liquid over night

 

[d08]

Forex ? Es ? Cl ? Treasuries ? All trade liquid over night

Are you familiar with CHF and what happened? It might trade over night but if the stops don't execute at anywhere near reasonable levels, what's the use? You also need liquidity, a market without liquidity is quite useless.

 

[Turveyd]

I made 10% this week, pretty good for 2hours monday and 15mins Thursday daytrading.


Free week, I can make 50% till I hit FX lot size limit.

 

[radex78]

Well, you're talking about Forex which is unregulated and just not great for trading. I don't know of any 200pt gaps in futures. Equities can jump around but you would trade one company with a huge leverage anyway.

I have seen some broker offer high leverage already, but high leverage also like as double edge of swords, one edge giving benefit but another edge will harmful, need high skill too if want to greedy

 

[Turveyd]

You've got to be very good to trade with high leverage and not take occasional 3months profits wiped out in 15mins.

My leverage was 200:1 dropped for ages for 50:1 which reduced the slaps nicely,had a good period put it up to 100:1, sadly back to losing lost a fair bit, but got most of that back last 2 weeks.

Will reduce to 50:1 when back over 10k I think, slow it down a bit.