Day Trading vs. Swing Trading vs. Position Trading | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

5/6 candle swing low swing high Indicator 5 replies

Swing high / Swing low indictator+alert? 20 replies

Trading Swing by Swing 39 replies

Swing highs and swing lows 3 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: Day Trading vs. Swing Trading vs. Position Trading
Exit Attachments

Day Trading vs. Swing Trading vs. Position Trading

  • #61
  • Apr 2, 2010 9:31am Apr 2, 2010 9:31am
If we can keep it simple : buy low, sell high.
Let the larger block traders enter the market, know their possible targets and
once market gets moving toward the destination, ride it for some profit.

If you can do that in a day trade, you can definitely repeat that in swing or position trading. All it depends is your tolerance, staying power and postion size.
  • #62
  • Apr 2, 2010 9:11pm Apr 2, 2010 9:11pm
While it's not an indicator of what's better, but just interesting to note, I looked at the last time everyone in this thread last posted through 8/9/09, and the vast majority of them that said they were daytraders or advocated daytrading, haven't posted in the forum for over 1 year. Most of the position traders that posted in the thread are still active in the forum.
  • #63
  • Apr 4, 2010 7:30pm Apr 4, 2010 7:30pm
I guess .. being a daytrader .. they dont really have time to browse through forums ...
  • #64
  • May 1, 2010 5:02am May 1, 2010 5:02am
I use all three types of trading. BUT daytrading only with my breakout system, which means I don't watch the charts and wait but set the trades and leave it for the day. Most of the trades get filled in one day, some last for a few days, two or three at most.
My other style is swing trading, where some trades can become position trades, depending on the overall trend...

This suits me the best beacuse I like my other interests

I think everybody has to find his/hers own style that works with their personality...

Slurpee
Live it or leave it!
  • #65
  • May 13, 2010 1:34pm May 13, 2010 1:34pm
Quoting eagle4x
While it's not an indicator of what's better, but just interesting to note, I looked at the last time everyone in this thread last posted through 8/9/09, and the vast majority of them that said they were daytraders or advocated daytrading, haven't posted in the forum for over 1 year. Most of the position traders that posted in the thread are still active in the forum.
LOL.... nice observation
  • #66
  • May 14, 2010 2:13am May 14, 2010 2:13am
Quoting Slurpee
I use all three types of trading. BUT daytrading only with my breakout system, which means I don't watch the charts and wait but set the trades and leave it for the day. Most of the trades get filled in one day, some last for a few days, two or three at most.
My other style is swing trading, where some trades can become position trades, depending on the overall trend...

This suits me the best beacuse I like my other interests

I think everybody has to find his/hers own style that works with their personality...

Slurpee
I have other interests too. I know what you mean.
  • #67
  • Sep 28, 2010 9:58am Sep 28, 2010 9:58am
Hi, I have full time job & not much time to look at chart, which trading style i have to look at?please advice.
  • #68
  • Oct 5, 2010 4:45am Oct 5, 2010 4:45am
Quoting hwang ti puh
Hi, I have full time job & not much time to look at chart, which trading style i have to look at?please advice.
If you say you have not much time to look at charts, why bother trading?

If you are new to trading, in order to become successful you will have to put in the work to learn. Unless you are willing to do so my advice is to stay out. FX is not easy to trade successfully and requires commitment to learn the skills, time and money.

In spite of what many adverts promise you, there is no such thing as easy money in trading.


So if you are still interested look at the following:

A) Your personality. Are you active and like to get involved, or are you more the wait and see kind of person. The answer dictates your timeframe

How disciplined are you?

Do you have the cognitive awareness to be totally honest with yourself?


B) Capital: How much capital do you have. Longer term trades require large stops

ANd finally: I do not believe in paper trading. It gives you a false sense of security. You need to put money on the table pretty much from the beginning, and even if it is only in a mini account.

SO, to sum up: Find someone, somewhere were you can learn before you decide which timeframe you are going to trade in.
  • #69
  • Aug 22, 2011 1:15pm Aug 22, 2011 1:15pm
Quoting JoshDance
I would rather say that neither method is less or more risky, or less or more profitable, but rather the trader determines the risk and profitibility. Saying that day trading is less risky just seems backwards to me. Trading long term with the trend is really the least risky, isn't it? Trying to predict what will happen next hour is much more prone to a variety of fluctuations than what will happen next week, if a trend is well established...?
I think this is a great answer
  • #70
  • Sep 23, 2011 11:45am Sep 23, 2011 11:45am
Great posts on this topic. What is all comes down to is your personality. Traders don't understand that you can only trade what is comfortable to you. Just like a pair of shoes, my shoes are comfortable but might be too small for you. That doesn't make them "wrong" or "bad". It just doesn't fit you.

So, when you discuss what is better. Scalping, swing or position, that isn't the real question. They are all great. The question is, what is right for you?

Until you try on multiple pairs of shoes, you don't know what one feels best. This is where you need to spend months of time on a demo account, trying out all sorts of strategies/timeframes. In the end, you will find what fits you best.
  • #71
  • Sep 23, 2011 11:48am Sep 23, 2011 11:48am
I found that Swing Trading fits me best.
  • #72
  • Oct 4, 2011 4:41pm Oct 4, 2011 4:41pm
I am currently trying to transition from intra day trading to swing trading due to my day job. I think it is definitely easier to see the bigger picture while swing trading but catching the pivotal turns in the market become harder because one is not constantly monitoring price action.
  • #73
  • Oct 5, 2011 6:37pm Oct 5, 2011 6:37pm
Combine them all, you're killing the markets.

I day-trade, sometimes swing, and i love counter-trend-trading. i dont position, my capital is not built for that.

Position traders requires: a lot of knowledge in the field of economical strength, weakness, trades weekly and above, larger exposure to risk, requires mental strength and patience, and can hold trades for about a month or longer.

Swing Trader requires: patience as well, waiting for that key level to counter that trend, and is in between of a day trader, and a position trader.

Day Trader: us.
Have I got something on my face, SOLDIER?
  • #74
  • Edited 7:42pm Oct 5, 2011 7:22pm | Edited 7:42pm
Why?

I've done all of the hold times, and still do several in practice. But if it ever gets down to real trading for me, I have to stick to one hold time: Intraday.

Tradeable trends are, for me, easiest to see on the 1'TF. They happen, in a wild guess and from one symbol (gbpusd), 2-3 an hour. That's the bottom of the barrel. The most reliable trends to dip into are up to 100 pips large, one way; that may happen 1-3 times in a day, without significant news or holidays.

Skipping one or two trend cycles while one is on duty is fine; people get tired or inattentive. But saying one is going to hold for several days, just because 'That's the way I trade,' feels almost irresponsible in the number of opportunities one's missed.

Or maybe one should only trade according to how reliable one's attention is. Yeah, then, I don't have a clue how long my holds will be.
  • #75
  • Oct 5, 2011 7:28pm Oct 5, 2011 7:28pm
simply put,

put a trailing stop.



thats what i do if i leave my trades alone overnight, or intraday.
Have I got something on my face, SOLDIER?
  • #76
  • Oct 5, 2011 7:49pm Oct 5, 2011 7:49pm
Quoting bumapatria
simply put,

put a trailing stop.



thats what i do if i leave my trades alone overnight, or intraday.
NOT from what I've seen on your thread, $1,000 down to $187 wasn't it?

Guess that qualifies you as an expert to give out this advice now
It takes a lot for me to IGNORE you, but you can try.
  • #77
  • Oct 5, 2011 9:36pm Oct 5, 2011 9:36pm
I can't stress the impotance of money management. A lot of traders neglect it and a lot of traders trade far too big for their accounts size.
  • #78
  • Oct 5, 2011 10:00pm Oct 5, 2011 10:00pm
Quoting Erebus
NOT from what I've seen on your thread, $1,000 down to $187 wasn't it?

Guess that qualifies you as an expert to give out this advice now

dude.. if u saw i was in a rush, to my jiujitsu class lol.
wanted to close, but no use lol.
it wasnt even 3 hours lol.

hahahha,

its okay acount back to $400.

erebus sorry about the criticism on my thread, I get pretty upset if arguments happen on my thread.
Have I got something on my face, SOLDIER?
  • #79
  • Oct 5, 2011 10:04pm Oct 5, 2011 10:04pm
lol... heress a trailing stop
on my gold trade. bought because of market sentiment, and stocks in the green in asia by about 5%. hangseng up by around that much.
Attached Image (click to enlarge)
Click to Enlarge Name: gold trade.gif Size: 29 KB
Have I got something on my face, SOLDIER?
  • #80
  • Oct 6, 2011 7:04pm Oct 6, 2011 7:04pm
Trying to swing trade the Eur/Usd this week and have taken two losses and scratched one trade. Transitioning to this style is KILLING me. The only consolation I have is that I only risk half of a percent on any trade so the losses are not large. Still though... frustrating.
0 traders viewing now