What's Easier - Swing Trading or Day Trading?
- Thread starter easymon1
- Start date
Do you still make trades?
Swing and position trading. Day trading is a specialty of amateurs who don't understand the long term implications of transaction costs. I have met many successful swing and position traders. I'm also pretty good at it. But I have never met a profitable day-trader in the long run despite the noise day traders make in this forum. Day trading is a suckers game invented by brokers and educators to entice retail traders to trade as often as possible in the largest possible size. That's how they get paid.
In trading, money is made by capturing and riding big moves. You will never do that as a day trader.
It's sad that so called "elite-traders" have already been brainwashed into thinking that day trading is a good idea. That's the kind of nonsense they learn from fake youtube gurus.
In trading, money is made by capturing and riding big moves. You will never do that as a day trader.
It's sad that so called "elite-traders" have already been brainwashed into thinking that day trading is a good idea. That's the kind of nonsense they learn from fake youtube gurus.
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Spend some time if you would focusing us on the benefits of trading from the Swing and Position Trading Angle if you would. Why is Swing & P trading easier than day trading?
For example, if less time is required to make the same amount of money, then that is a strong benefit. Look at that cat in the golf cart. He's probably working a 'Gone Fishing' trade while that picture is being shot of him tooling around in that golf cart getting some fresh air and chatting up the chums. What's not to like about that.
From your perspective there's a lot to unpack there I'd imagine.
Feel free...
From a Benefits perspective, vitriol goes better in the Multimillionairedom thread, lol More interested in what, that all else equal makes Swing and Position trading your cup o tea? It's more than whether it works or not.
KC, he trades the Open. He swing trades some of his stuff too. Which is easier for him?
Look at murray, he ain't about to focus on day trading, but If he wanted to, he could and likely does make trades that last less than 24 hours, but not as a matter of course, i'm thinkin'. May be wrong. Hopefully he'll show up soon.
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Steve Bigalow, love him or hate him, uses daily charts to find setups, and often is the case he says in his vids, I've never watched him live, finds daily setups, and for something like a best friend trade, will downshift to a 10min chart and look at premarket to see if a gap's in play. All leisurely stuff. He'll enter on open if his setup trigger criteria are met, has method for setting a stop, a target if he wants to bracket trade it, and could conceivably go shopping for cars at this point and check back later.
Same setup that a day trader can use without ever looking at a daily chart, using a best friend trade, you see them around moving averages quite a bit and if spotted on a 10, 5 3,2,1m chart will likely do what they do before the eod.
Same song, different dance.
Is one easier? More Probable? More productive? More laid back?
Same setup that a day trader can use without ever looking at a daily chart, using a best friend trade, you see them around moving averages quite a bit and if spotted on a 10, 5 3,2,1m chart will likely do what they do before the eod.
Same song, different dance.
Is one easier? More Probable? More productive? More laid back?
Guilty as accused.
I don´t agree completely. If you were investing in SPY or QQQ since 2009 you could have made a lot of money without doing anything. There was no long correction. Even the Covid Correction lasted one month or so. But if you had opened a position at the top of the 2000-2001 bubble it took 16 years to get your money back. At this time i am really afraid to invest a huge amount of money in this market for a longer term because it could happen like in 2001.
I was expressing my experience.
If you ask me for a recommendation,
I'd say don't invest in stocks and Don't trade.
Do any other full-time job other than investing in stocks or trading.
At end of the recession, go buy some properties.
dispose of it when it has appreciated significantly.
for those with a very strong passion for trading, then go work
extremely hard to be a successful trader.
For starters, swing and position trading has less noise/false signals. Day traders trade noise all day.
Market movements within short periods of a day or less are largely random. You can't reasonably predict what the market will do in the next 10 minutes. Longer periods are more predictable. For example, if a company announces strong earnings today, its pure guesswork on how the price will behave tomorrow. On the other hand, you can predict with a reasonable degree of accuracy that in three months, the price of the stock will be higher if the underlying market conditions don't change.