His title was <<Is Day Trading Inferior to Swing Trading?>> I think it very related to what he was asking whether you a wannabee or experienced. If one's day trading by experienced trader non employed has same profits of being Swing trader and employed, that alone shows to me that Day Trading is more inferior than Swing trading. I think risk is much more than profits, using same eight hours of working elsewhere makes more money, provides bennies that day trader has to pay out full health insurances etc, and the risk day traders takes outweigh the risks of Swing Traders. Although to be honest, I think Swing trading is inferior to Long term trading at least for me the risks have always been the same but rewards better long term. That said, after 38 years, I recently have made a swing trading system I can handle as it has low losing trade percentages, but the risks are the same for long term, am trying to take half profits and keep rest. I understand your opinion of experienced traders and wannabes are night and day different, and we will always have different opinions, but I was offering overall risk, risk of time being coup up in our caves. Between the fees, data cost, equipment upgrades, cable internet/T-1, amount risk, more slippage cause more trades, more time watching screen and if all done manually, imho it s inferior to guy who spends fifteen minutes night before and uses cell phone to put on trades. I love day trading more since almost all is automated.
If you mean someone who made $792 profit today when doing a bit of gardening - that was me But, as will be revealed later to one who has shown an interest, all is never what it seems - trading, no matter what way chosen, is a very risky business - especially for those who ignore risk control, and do not follow the market closely, be it with the super computer in your head, or the latest high end faluting silicone chip! J_S
Is Day Trading Inferior to Swing Trading? Nope - just takes a different set of mental skills Day trading.., decisions / actions / recovery must occur quicker RN
yes trading, I do not consider trading what wannabes doing... they just placing orders and frankly i disagree on almost any of you points, and i have my arguments, but its ok but on this one: there is a Jewish anecdote: someone ask a Jew what would he be doing if he would become a King? Oh, he said I would live better than a King: because while being a King, a would sew a little bit as well
Way to go, am very happy you got to do both well. So what were you gardening? That's funny, best to be able to laugh, breaks up the boredom. If it wasn't for wannabees, fees would be higher and our profits lower.
There is a lot more to life than sitting behind screens all day, cursing and swearing at yourself ! Note the underground cable for new lights - had to get an electrician to do that J_S
Depends on your personality and what you want out of trading. If you plan on gambling you will lose on day and swing trading. If you want to manage risk and reward, you can make money on either. I do both but I can never get a good night's sleep holding an overnight position. No amount of research can predict the news and the markets' reaction.
Yeah you can be swearing and cursing as you picking those weeds we all get, Very pretty, are you growing veggies on upper part of pic? Did you learn from the electrician? Do you have underground sprinklers? What is the mixture on top of topsoil? Is that brick or wooden walkway or border in lower left corner? Yea yea yea, being a day trader you see more than most and have ten times the questions, LOL