I get stressed by things I can control. Day trading means I have to make decissions right here right now. Swing trading gives me lots of time to consider the decisiion I have to make. As far as gaps up or down I have had the same thing happen during trading hours when a stock is halted for an announcement then reopens at a different price. If you are stressed you are probably taking on too much risk. I assume that attempting swing trading is because day trading hasn't been all you expected.
Good Morning Jdesey, Yes, swing trading rather intraday or overnight is a bit more stressful for me it is. But , I think @Businessman can input more on this topic. There are times you have to hold the trade longer to maximize returns.
I am collaborating with chatgpt for my responses. “It doesn’t. Sometimes news aligns with the cycle, and people mistake it as the cause — but that’s just confirmation bias. Look at the chart — the cycles are clear. News may cause a short-term blip, but if it runs against the broader trend, that’s all it is — usually just in time to explain a retrace or ABC correction the chart already predicted. In reality, the structure was pointing to a pullback well before the headline hit. The cycle continues. Think of it like the tide — surface ripples may come and go, but the overall direction remains unchanged. Since the news is largely irrelevant to the underlying pattern, it can ultimately be ignored.”
Good Morning Sekiyo, There is difference between dying early rich and dying later poor. I will choose dying early rich, everytime.
I don't swing trade anymore, haven't in 22 years. In theory you set your stop loss and then don't worry about it, just like you do when day trading. Although there is still the risk the market on rare occasions could gap through your stop. But stress you describe is a strong indicator that you maybe trading too large One man told another that he could not sleep on account of his position in the market; his friend judiciously and laconically replied: "Sell down to a sleeping point."