With good planning swing trading can be amazing. Take the stress away by having an idea premarket how you plan on responding to the open good or bad, and stick to your overall plan if possible on your core positions. I have a list of potential buys and potential sells every morning, and note levels on level 2 that may be meaningful on thinly traded stocks. I am aware roughly of support and resistance for my holdings. Being prepared frees you up to handle inevitable surprises without panic or too much to deal with. Often my planned buy or sell is quite good versus watching price action. There are exceptions though like breakouts to new highs or huge gap downs on the open.
I have done well swing trading since 2020, but I would have done better with longer holds on my major winners and quicker kills on my worst stocks. Occasionally I get smart and take or sell a half position because then I don't feel I'm missing out. I agree with your premise including sizing down if you are stressed ( that might be a subconscious awareness of a major risk ). The sad part is if I'd held my best stock ( Athabaska Oil ) from trade one through now, I'd have made more money then I made on everything else total. Of course, the single stock risk would have been massive but it went from 15 cents to over $6. An inactive trader can of course accidently hold a huge winner long past the point it seems like too large a position.
Not the ideal time to be Swing Trading lol. Market dropping, nuclear War a possibility and an Orange Criminal moving Markets with every Press Conference.
Day trading and Swing trading are essentially the Same thing if you rely on basic ranges and trend following. One happens intraday while the other can take days or months of watching and following. But both methods are rather fucked if you don't understand anything...the Why and How as your broad future road map. Simply tracing surface lines while being blind and ignorant will only carry you so far out of sheer circumstance and luck
He's talking about overnight risk which comes with Swing Trading. Why are you such a negative Nancy, criticising everything some people say?