When Does Day Trade Becomes Swing Trade?

bob2007 said:
Love to hear everyone's thoughts on a day trade that goes up a lot and you are in the money 5% or 10% in a day. Do you ever hold it to the next day?

I feel like I should consider this like friday when the whole market is up.
I suppose it might be a better idea to do it when your porfolio is doing well vs poorly?
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DEPENDS what you are trading/investing; have you ever noticed how few commercial long lasting day trading firms[[a day timeframe]there are??
So another way to study it , ever sell it after 24 hours??
BUT with low or no comissions \ may make less difference that it used to:caution::caution: And if you were sure its a major turn point[seldom happens]that could make a big difference....................
 
The very first thing a trader needs to remember is that, trend is your best friend.

Traders need to identify the major trends. We all knew the tech over-valuation and "bubble". And Fed has to tighten the money supply. Yet, market did not care much. That made the good case for the correction. This happened early 2021. This early 2022 has been expected.

Now we need to predict what to happen in February and beyond.

Of course day traders may care less about the fundamentals. But you just do not want to put on day trade positions against the market trend. You want to be at a winning position even if you day trade only.
 
RedSun said:
For a lot people, there is not a lot of difference. Typically when day trade does not do well, some leave it to swing trade. Or they would just take profit and call it a day.

For me SOXL trade on Friday, it was any planned trade. If there was no reversal, I would take it as a long swing trade. But I'm 22% in the money now. I can just close it and wait for the next move.

But most traders like to take profit, not loss.
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SWEET! Congrats
soxlw.png
 
Different modeling, different stop-loss and profit targeting methodology, different position sizing... To do it correctly means a fundamentally different trading system.

bob2007 said:
Love to hear everyone's thoughts on a day trade that goes up a lot and you are in the money 5% or 10% in a day. Do you ever hold it to the next day?

I feel like I should consider this like friday when the whole market is up.
I suppose it might be a better idea to do it when your porfolio is doing well vs poorly?
More...
 
bone said:
Different modeling, different stop-loss and profit targeting methodology, different position sizing... To do it correctly means a fundamentally different trading system.
More...
Don't stop there man ... modeling, stop, target method, position sizing.

When Does Day Trade Becomes Swing Trade? - Is 'Swing Trading' using support and resistance and exited the same day no longer a 'Swing Trade'? Is a 'Day trade' using support and resistance and exited next week no longer a 'Day Trade'?

bone man, if you get time sometime to expand on your post it could put a finer point on this age-old conundrum from your perspective of having been around the block and down the street.
 
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I will try to do this later on today when I have some time, it is a great question.

I went from pit trader to electronic scalper to electronic swing trader and yes; to do it effectively took a different approach and system. Entirely.

easymon1 said:
Don't stop there man ... modeling, stop, target method, position sizing.

When Does Day Trade Becomes Swing Trade? - Is 'Swing Trading' using support and resistance and exited the same day no longer a 'Swing Trade'? Is a 'Day trade' using support and resistance and exited next week no longer a 'Day Trade'?

bone man, if you get time sometime to expand on your post it could put a finer point on this age-old conundrum from your perspective of having been around the block and down the street.
More...
 
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