Swing Trading VS. Day Trading

J

Jdesey

Well once again I have learned the hard way the Day trading is just not the way for me to trade. I go back and fourth on this. Yes, I can make money day trading. But it is very intense, very up and down,, and most importantly I do not enjoy it..

So then this leaves me with Swing trading. Boring.. yes,, but boring is good. I can take my time with analysis, entry and exit. My biggest issues on swing trading is staying in the trad long enough and occupying my time during the day..

I would love to hear thoughts on this...
 
Design your system to fully mechanical. No room for subjectivity. Learn to code. Automate as much as possible. Going in algo path is the best way.
 
taowave said:
Drop Day trading,unless you are crushing it,it's a waste of life..

Swing trade,get away from the screen and find a job you love..
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After experimenting for a year and a half, I am beginning to appreciate your advice.

By the way, what is your definition of crushing it?
 
Jdesey said:
Well once again I have learned the hard way the Day trading is just not the way for me to trade. I go back and fourth on this. Yes, I can make money day trading. But it is very intense, very up and down,, and most importantly I do not enjoy it..

So then this leaves me with Swing trading. Boring.. yes,, but boring is good. I can take my time with analysis, entry and exit. My biggest issues on swing trading is staying in the trad long enough and occupying my time during the day..

I would love to hear thoughts on this...
More...
Nah, it doesn't work like that. We all like to think that if you simply leave the trade alone it will magically end up as a winner. Even if it initially goes against us, it will reverse and we will close the trade in the money.

But don't forget swing trading encompasses all the whipsaws you see in a day trading. So it's more like swing trading = day trading + day trading (all stacked). Hence, to get around that, it requires larger stop losses. So are you willing to sit through large losses without knowing you will ever be made whole? Something to definitely think about.

Also swing trades can oftentimes become day trades, whether you like it or not. For example, I entered a position with a sizable stop loss today expecting to hold it overnight. I got stopped out in less than 2 hours.
 
schizo said:
Nah, it doesn't work like that. We all like to think that if you simply leave the trade alone it will magically end up as a winner. Even if it initially goes against us, it will reverse and we will close the trade in the money.

But don't forget swing trading encompasses all the whipsaws you see in a day trading. So it's more like swing trading = day trading + day trading (all stacked). Hence, to get around that, it requires larger stop losses. So are you willing to sit through large losses without knowing you will ever be made whole? Something to definitely think about.

Also swing trades can oftentimes become day trades, whether you like it or not. For example, I entered a position with a sizable stop loss today expecting to hold it overnight. I got stopped out in less than 2 hours.
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That's the only time I day trade, when a position hits my stop right after entry.

I found swing trading easier, because you make your decisions mainly when the market is closed.(I trade stocks)
A lot less stress and I'm not glued to a monitor when I could be doing other things.

The advantage to day trading, risk wise, is being flat at the end of the day. Although I suspect a few daytraders will turn a day trade into a swing trade to avoid taking a loss. I don't think one is better than the other, just maybe better suited for traders depending on their personality.
 
I wouldn’t say swing trading is easier than day trading and day trading is hard enough. It’s all about your personal style. For example I only do day trading since I cannot sleep at night with a (big) position in the market. Technically, they are quite different. In day trading you never ever average down. Swing trading averages down on dips in an up trend is very common. Look at Nvda in the last few weeks.
 
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