swing trading versus day trading
- Thread starter failed_trad3r
- Start date
If you think about it, isn't it silly to have this debate? It seems to boil down to just personal preference.
Assuming you could make money doing both, then another question is raised: do you enjoy being in front of the screen day in and day out? Or would you rather be golfing. One decision is not so much better than the other, it's just what you would rather be doing.
There comes a time when it is no longer feasible to do day trading because once you acquire enough money you will become a market force and no longer a little player. This is when you have to move up the food chain.. Look at the people who became billionaires from the markets, did they do it by getting a few points here and a few points there day trading the ES? No.
I think it would go like use day trading to build your equity curve quickly (if you're good), use swing trading to build it even more once it is no longer feasible to day trade, and then move to futures trading double-digit contracts. Or some variation of this plan.
But then again, I'm probably wrong.
Assuming you could make money doing both, then another question is raised: do you enjoy being in front of the screen day in and day out? Or would you rather be golfing. One decision is not so much better than the other, it's just what you would rather be doing.
There comes a time when it is no longer feasible to do day trading because once you acquire enough money you will become a market force and no longer a little player. This is when you have to move up the food chain.. Look at the people who became billionaires from the markets, did they do it by getting a few points here and a few points there day trading the ES? No.
I think it would go like use day trading to build your equity curve quickly (if you're good), use swing trading to build it even more once it is no longer feasible to day trade, and then move to futures trading double-digit contracts. Or some variation of this plan.
But then again, I'm probably wrong.
I thought that this was a good thread.
Trying to get through George Soros' Alchemy of Finance and I admit I am skipping through. But he clearly moves from day trades to swing trades and is heavily in futures. Reccommended reading if for no other reason than it gives you a sense of even his uncertainty and how he recovers from bad trades
I have been trading for 10 years straight. I swing and day trade in 70/30 proportions because I think these two styles complement eachother, at least with my method and system. Trading has not made me rich but I have made enough money to buy things. I can share with you some ideas if you are also profitable. Since you made the proposal in the first place, please go ahead first with some ideas.
A brief diversion from the thread's main subject, but can someone please explain what this means? Gunning stops, running stops, hunting stops, etc?
Let's say a stock price has a resistance level of 50.00 and short-sellers have parked a collective 5000 shares worth of buy stops at 50.05 to protect against losses and breakout traders have parked a collective 5000 shares of buy stops at 50.05 to go long make money on the breakout.
So is the theory here that since a few ticks above resistance is an area where there are a lot of buy order parked, market maker would automatically bid up the price to trigger those buy orders, so they could at the very least scalp a small breakout move?
So as a trader who placed a stop at that obvious place, you'd be stopped out, but if it turns out to be a false breakout (and you'll know pretty quickly if that's the case), you can get back into the position, which seems safer than not using stops at all and risking a serious breakout causing you some real pain.
they push it just slightly thru the tl and you cover your 50.05 short at 50.50, instead of selling at res they sell it higher they then ride it down to 45,they just did it in google instead of 617-18 ,they ran it to 623 and then dropped it to 575 area, another thing they do,if there are too many sellers up there they turn it early, holding a big offer just below the sell stops so as not to trigger them, and hog the bidding stock, when you find out that nite when u check your position and see you didnt get filled, you sell to them the next morning at a lower price, they profit. Archipelago started the electronic clearing and eventually sold it , the owners of it,goldman for one ,can keep track of those orders and profit accordingly
Trading is a Zero sum game? Say isnât life also a zero sum game?
I don't agree with you about mining. Take a look:
http://news.discovery.com/videos/earth-thars-still-gold-in-them-thar-hills.html