We go for the bigger fish...We trade the trends that stuff our pockets with multiple points. Not nickles and dimes. Money management is all the same, regardless of time frame, and very rarely have I got caught in a nasty gap. While day traders stress about getting stopped out for .10 cents, hunched over their key boards, watching every tick, we swing traders enjoy a much more relaxed form of trading, one with equal or possibly more upside. Some Swing Traders may trade during the day, or some may trade off end-of-day data. This reduces the need for expensive charting software, and allows the trader to take his time to find the best trades. Once in a trade, we set our stops, and can either enjoy a favorite hobby, or watch the market intraday for entertainment purposes, or even go back to sleep. Not so for the day trader, as he's still trying to figure out why the stock he bought that was up 2pts in the first hr is now down 4.75, and he has to claw his way to B.E. Trades can be managed easier too, as a few pennies difference wont determine a winning and losing trade. Stops can be adjusted at will, usually after hrs (for me anyway), and I appreciate being able to have 3 or more open positions, while this is usally too much for a day trader. I'm not bashing you day traders out there, but rather giving us swingers some attention.