Hey daytraders, What advice would you give to a swing-trader?

Hey daytraders, What advice would you give to a swing-trader?

 

Use a broker that honors your stops.
Daytek, Brown and TD Waterhouse didn't honor mine.

 

The same methodology you use for swings can probably be used for daytrades (not scalps) so long as you keep an eye on support and resistance levels, and keep fundamentals out of the equation.

 

Start daytrading.

 

Stick with swing trading, daytrading makes your broker alot of money.

Thats what I have noticed over the past decade.

 

I knew somebody would say this.
Don't have enough time for daytrading.

 

Keep it up then

 

Scalping for ticks is a sucker's game. Prop shops have a hard time making money at it, how can you? Intraday swing trading is where the money is at. In fact I made more money holding a good position than getting in and out.

 

"The same methodology you use for swings can probably be used for daytrades (not scalps) so long as you keep an eye on support and resistance levels, and keep fundamentals out of the equation."

personally, just fwiw i frequently use fundamentals when swing trading.

sector, management, industry saturation, etc.

 

In all seriousness, what type of advice are you looking for? Trade strategy, PnL management, etc...