is it better to daytrade or swing trade

Discussion in 'Trading' started by ineedmoney90, Jun 1, 2023.

  1. Baron

    Baron Administrator

    That question is like asking "Which is better? Snowboarding or Skiing?" Until you try both and see which one is a better fit for you, there is no correct answer.
     
    #11     Jun 1, 2023
    MarkBrown and Overnight like this.
  2. I think you have to try both and see which one suits you better, cause it's 100% up to you
    I prefer swing trading.
    It is more flexible and it can reduce pressure and emotion and well, it suits my personality! So my answer is that go and find the answer yourself!
     
    #12     Jun 1, 2023
  3. lindq

    lindq

    And of course you can DIE with either.
     
    #13     Jun 1, 2023
  4. TheDawn

    TheDawn

    Wish I met you when I was starting out. Did so much of that and it was not fun.
     
    #14     Jun 1, 2023
  5. TheDawn

    TheDawn

    It would depend on your style of trading, your lifestyle choice and your trading capital situation.
     
    #15     Jun 1, 2023
  6. deaddog

    deaddog

    So did I, I'm a slow learner but I eventually figuered it out. My mistake was turning trades into investments.
     
    #16     Jun 2, 2023
  7. TheDawn

    TheDawn

    It was brutal especially when you are on a losing trade. Really drove home the point of "cutting your losses short".
     
    Last edited: Jun 2, 2023
    #17     Jun 2, 2023
  8. tony.m

    tony.m

    #18     Jun 2, 2023
  9. bln

    bln

    Use what ever works best for you.

    Calculate the hourly net income for the time spent in front of the computer and you'll see how good it is.
     
    #19     Jun 2, 2023
  10. Truth be told, there is no answer to this question. It's gonna depend on you, your goals and most definitely your psychological makeup. I spent years asking this question and still do occasionally until I realized that FOR ME, day trading is best due to my psychology but swing trading is also best due to my desire for consistency. So, like another posted said previously, I decided to mostly day trade but hold on to winners that have potential for larger gains.
     
    #20     Jun 2, 2023
    semperfrosty likes this.