Ak chcete používať chat, prihláste sa.
Späť na Kontakty

Swing Trading vs Day Trading

Aug 02, 2019 at 15:48
1,067 Zobrazení
19 Replies
Členom od Jul 05, 2019   10 príspevkov
Aug 02, 2019 at 15:48
The combination of high frequency trading, and staring at intra-day charts all day long carries a heavy weight of physiological burden. Most day traders are failing because their patience wears out. They begin to carry out unplanned and reckless trading decisions, mainly out of boredom, fatigue or frustration. I have been there, so I know. There is a natural tendency to follow the shorter time frame intra-day charts because seemingly, that's where all the action is taking place. It took me a while to realize that this vicious and almost inevitable attraction towards the intra-day charts is nothing but a rush of dopamine, just like a drug addict who can't keep his hands off the what typically consumes him. Eventually (and after quite a bit of money down the drain) I found out that the less I'm involved with the markets, the better I do. That's how I discovered swing trading and over time became a full-time swing trader (Also known as position trader).

Swing traders like me, use the core movements from the higher timeframes to ride out longer term trends. We chase the dominant market direction in much of a stress-less fashion. By analyzing and trading mostly with the daily and weekly timeframes, I don’t have to spend much time in front of the screens. It gives me the freedom to set my trading plan and structure, without the burden of constantly having to monitor my trades for hours on end. It is very easy to slip into overdrive mode, which results in over-trading and the inevitable loss of money.

So, is there a light at the end of the tunnel? You bet there is! Believe it or not, I spend no more than 60 minutes per day to carry out all of my trading activities. That is the beauty of swing trading. Not only that it keeps your sanity intact, but it also requires a lot less engagement with the markets thus, leaving most of your day free and available to other activities (such as writing this article...) and pastimes.

Swing trading is all about the medium to long-term cycles. These cycles are best observed, and cross-analyzed against the monthly, weekly and daily timeframe charts. From here, we can easily identify three different cycles: Short-term, medium-term and long-term. Short-term cycle represents price movements lasting from a few days and up to a couple of weeks, but usually no longer than 3 weeks. The medium-term cycle generally lasts between a couple of weeks and up to a couple of months, while the long-term cycle can define the underlying trends that usually lasts from several months and up to a year or two, in many cases.

As far as I see it, there are 3 main reasons behind failed traders, who by the way make up the vast majority of all market participants. The first would be lack of adequate method of analysis. The second would be the lack of adequate risk and money management system, which basically means the lack of a solid and fully systematic approach. The third, is simply trading misconduct with the high-speed short-term timeframes of the intra-day charts.

Adopting swing trading style allows us to remove the third issue out of the way and focus on dealing with the remaining two. From that point on, it's all about tackling those remaining issues, and eventually removing them out of the way just as well.

Roy

Trading Forex for a living
Členom od Jun 29, 2019   65 príspevkov
Aug 03, 2019 at 23:00
However, every trader has some needs regarding the forex trading. Usually those trader who are risk adverse may want to move with day trading as day trading ends with one definite results. but I love to trade with scalping as it provides me more flexibility to use the same amount repeatedly by usually revolving the same here.
Členom od Jul 23, 2020   759 príspevkov
Sep 07, 2021 at 15:12
Both are good trading strategies if you know how to utilize them.
Členom od Mar 17, 2021   536 príspevkov
Sep 08, 2021 at 07:57
robindude posted:
Found myself to be more preferred with daytrading over swing trading, but it all always comes to your preference.
I also prefer day trading.
Členom od Jul 23, 2020   869 príspevkov
Sep 08, 2021 at 15:24
I prefer day trading. Because I am a day trader.
Členom od Aug 10, 2021   178 príspevkov
Sep 14, 2021 at 01:06
When you begin learning forex, you will discover that there are many ways to trade and many market analyses that can be used, and you will soon decide that one method is the best and most suitable for you.
Členom od Sep 14, 2021   9 príspevkov
Sep 14, 2021 at 11:46
Williamfreed posted:
When you begin learning forex, you will discover that there are many ways to trade and many market analyses that can be used, and you will soon decide that one method is the best and most suitable for you.

There are many ways to trade and almost all are unprofitable. If I knew just 1 method that made money then I would be happy
Členom od Feb 08, 2019   57 príspevkov
Sep 14, 2021 at 11:57
Thank you for your time to share this insight to your trading style.
I have long been considering the higher timeframe approach, and this has given me good food for thought!
Členom od Sep 04, 2021   6 príspevkov
Sep 15, 2021 at 19:42
i do both if its required. its good to be flexible i believe. if im day traiding and its going against me ill hold and scalp it until it changes which could be a couple days. i only do this with one pair im happy wont go to far out my comfort zone. play comfortable. i had a trade go 3g against me last wk i scalped 2g off it and now its just about in profit.hope that helps woof
Členom od Jun 14, 2021   53 príspevkov
Sep 17, 2021 at 06:49
Day trading is better than swing trading. That’s what I think. However, which one a trader gets more value from depends on their skills, requirements, and preferences.
Členom od Sep 13, 2021   8 príspevkov
Sep 17, 2021 at 10:58
it all depends on how much time and $$$ you have. You need a big account to be a swing trader (but this has benefit of not taking up much time). A day trader is much more time intensive but has the advantage of requiring a much smaller account
Členom od May 31, 2021   56 príspevkov
Sep 17, 2021 at 11:35
Which is better suitable for beginners? Is it swing trading or day trading?
Členom od Mar 16, 2021   477 príspevkov
Sep 21, 2021 at 01:22
Aubrey22 posted:
Which is better suitable for beginners? Is it swing trading or day trading?
Swing trading is the best for beginner traders.
Členom od Jun 09, 2021   44 príspevkov
Sep 22, 2021 at 11:10
@Williamfreed but that one strategy doesn't work in all market conditions. My plan stays very simple. When the market is fluctuating a lot i adopt scalping strategy as it allows me to gain enough pips with regular ins and outs, and if the market is a bit steady i prefer swing trading it and hold the position for longer period of time.
Členom od Mar 16, 2021   477 príspevkov
Sep 26, 2021 at 00:17
I think swing trading is much better than day trading. However, each trader may have a different choice.
Členom od Jul 19, 2020   751 príspevkov
Sep 28, 2021 at 10:27
Both swing trading and day trading are good. It's about what skills you have. If you have enough skills, you can make money here. Otherwise not possible to survive.
Členom od Feb 20, 2021   53 príspevkov
Sep 29, 2021 at 06:40
I think it is best for a trader to choose the best trading strategy on their own on the basis of their trading requirements. You can do both swing trading and day trading side by side and see which fits best with your trading needs.
Členom od Mar 17, 2021   536 príspevkov
Oct 03, 2021 at 05:42
croisssan posted:
I think it is best to draw a conclusion based on the trader's capabilities and knowledge. If possible, daily trading can be a pretty good choice.
I also prefer day trading. It has minimum risks.
Členom od Oct 26, 2020   6 príspevkov
Nov 12, 2021 at 12:44
I actually prefer day trading, because it makes me feel happier than swing trading. In my opinion, swing trading can be complicated a bit for new traders and that's why it's required to meet with trading activity from the side of day trading. Everything is intuitive clear here and there are no difficult tasks in case of day trading, you just start gradually understand the market and understand basic notions in trading activity. I believe that swing traders are true monsters, because it's impossible to have such a patience. However, there are lots of types of traders.
Členom od Mar 28, 2021   617 príspevkov
Dec 09, 2021 at 08:06
Day trading is the way to go because with all the facilities we have these days we can learn a lot about the market on daily basis and market news are there every hour almost which can move the market and provides an opportunity for day trading, so for me day trading is the best way to start in the market.
You must be connected to Myfxbook in order to leave a comment
*Komerčné použitie a spam nebudú tolerované a môžu viesť k zrušeniu účtu.
Tip: Uverejnením adresy URL obrázku /služby YouTube sa automaticky vloží do vášho príspevku!
Tip: Zadajte znak @, aby ste automaticky vyplnili meno používateľa, ktorý sa zúčastňuje tejto diskusie.