The majority of our traders have traded both types of trades. The majority of investors have invested in both day and swing trading.
It can take time and patience to learn and understand, but once you do, you can make money trading both types of market. In many cases I have seen swings trading as good as day trading.
Swing trading vs day trading, where do you think you’ll be better off?
It varies a lot.
I believe I will be better off taking a swing trading strategy and using the extra time to learn and understand the market that my day trading strategy gives me.
In many ways I would trade more at the trade book level and focus on improving my skills and trading technique.
The only difference is how much you make when you do it correctly. Day trading requires you to make every trade and be ready to make adjustments to make it right every time.
Swing trading doesn’t require you to be ready to make a move every time and is very similar to day trading. If you trade too much, you’re not going to make your trade book good for much longer.
For example, there were times when I would make 10-20 dollar swings of a single stock every day, but now I prefer to make 3-5 stock swings a day because these are all better for my daily account balance. The more I trade, the higher I’m making. The difference is the swing trades are faster and more accurate.
It’s important for you to learn to make good trades with higher frequency as you can always get better over time.
Do you take more risk while day trading?
Yes, it is very risky.
In reality, if I were to invest $200,000 I would lose money within six months. I would have to sell my stocks, sell my futures position, sell my position, and buy something I don’t think is suitable to the market.
I’d be better off trading a low risk position that is only worth a few hundred dollars. That way you can still get out and try the market and earn money. I would probably still invest in futures stocks though.
I would definitely trade more risk at the trade book level and focus on making better, more accurate decisions throughout each trade so I don’t lose money on one trade, but that’s a little risky.
Do you recommend taking a day trading strategy?
My recommendation is absolutely not to take a
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