this is not my first time to do this. I am just done with Day trading. It is so much stress, and mental fatigue and has worn me out. It is not even about the money because I do make profits day trading. so this week I did swings. Had 2 exits on Puts for GLD and HIMS and made $2600, with far less stress. It is hard for me to do , but I do not have to sit and watch the charts like a hawk. I am using 1 hr, 4 hr, and daily... which filters out all the little ups and downs. anyone else made this change and what are you thoughts?
The only thoughts that matter are your own. It's your money, your trade, your life, your mind. If you're making money and are comfortable with the overall scenario...then that's all that matters Remember, wherever you go... essentially 97% of the people there are failed market traders. So don't become obsessed with their opinions, advice
Years ago. I found returns to be about the same. Now using daily for entrys and weekly for trend. Strictly equities. Long only. 1/2 hour scanning, setting alerts and reviewing in the evenings. Maybe 10 minutes in the morning to trade. Way less stress and I get to spend my days outdoors. Works for me.
depends on your pocket, if ample ammunition, go with size and swing. if just counting bullets, go yolo day trade with leverage.
Do both. But Day trade only when you want to and the markets are in syncc with your methods. This allows you to relax more and have two profit streams. Smooths out your PL. Personally swing trading is fine and profitable, but it does expose a fair amount of capital and risk holding overnight for weeks. Event driven moves, like we have been having, black swans etc, require some risk management also. Consider, also that day trades tend to be symmetrical for Long-Short. Often swing trading is not and if it is, there is a lot more effort to stay with the market trends. Bottom line, swing trading, requires risk management (hedging e.g.), and that is the "swap" for closing out position daily. Nothing wrong with being able to do multiple styles, methods, etc. It is all "Trading".
Eighty percent of account is long term futures, swing trading in futures are add-ons. Do have swing system on stock options but strictly based on patterns. And I use patterns when not to take trades. Scalping was end result of boredom of long term, wished I never went into scalping. Am profitable but wasted so much of life. It's funny, spent years taking many trades a day, and now take a fraction and average more. It is all up to you and what you want to accomplish. Good luck.
You just gotta' do what you gotta' do. Swing trading is much easier than day, simply because of the machinations of the market these days, based on the news.
Yeah it’s a lot easier on my mental health. Day trading will just wear your ass out when you do it day after day for years.
I would personally say day trading is easier than swing trading. It's easier to understand movement when it's confined in a day. Rather than multiple days or weeks. The further you stretch out time it becomes much more highly ambiguous and you're simply now just playing loose averages. When you analyze a day's movements and expectations you have all the variables and assumptions within your grasp to realistically anticipate and seize a movement expectation And more revolutions, trades, the better for growth. Combined with options leverage...that's borderline the holy grail if a trader can make it work