What kind of trader are you - Day Trader or Swing Trader?

[crwth]

I'm considered probably three things.

• Day Trader and Scalper
• Swing Trader
• And Auto Trader

I have different strategies and being run in separate bots. One is a market maker, which trades every time it detects a great position. Great for the sideways market with the option of swing depending on the market condition. Swing trader for long-term trading, I automate it and have a stop-loss on it to make sure I don't lose all my capital. For the Auto Trader, I use Gunbot for every trading related thing, like charting, alerts, checking market conditions, etc.

So basically, I like how I can leave the bot running and just be assured that I won't get rekt as long as I have the right settings in place. I don't have to constantly monitor the market, and I could focus on other things as well.

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[Wind_FURY]

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper

I tried, then I lost coins.

2. Swing Trader

I also tried, then I also lost coins.

4. Other (please explain)

THEN I said, "ENOUGH IS ENOUGH!", and I was transformed to preach the religion of "Buy the dip, and HODL". Winner = me.

[sheenshane]

Both day trading and swing trading can be profitable as long as the trader has enough skills and confidence in doing either of the two.  When I was still new in the trading world I started doing swing trading but for some reason, I find it riskier than day trading only for me, until I decided to do and try day trading for I'm quite sure how to handle different circumstances when it occurs unexpectedly.

Day trading really requires your time and attention which makes the crypto less profitable for people like me who also work in a different industry for a living and can only do the trading during rest days and spare time while keeping my crypto in my noncustodial wallet while I'm still at work.  However, both are good but you need to know which will suit you best. 

For now, for me, I decided to hold for a while and consider as a long time trader.

[Sirait]

I'm curious about you traders in this forum.

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)

I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.

All the best,
Joel

^ I am not one of the above, I am a long-term trader. I bought some crypto coins and then sold them when I felt they were profitable. I don't have much time to be a scalper or swing trader.

[Kupid002]

I cannot call myself a daily traders ,but a position traders I always check price of Bitcoin for example daily and look for good entry to set orders - which means there are day that I don't have trades if my orders is not filled so I cannot call my self as a daily traders .

Scalper might the fit position for me since I am trading base on market price and see possible good entry.

[Mpamaegbu]

I'm curious about you traders in this forum.

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)

I think "Intra Day" should come in somewhere in the list above. The Intra Day trader stays longer than the Scalper but doesn't last long like the Day Trader. He's an in between. Well, for me, I like to swing my trades. So, I should say I am a Swing Trader but that doesn't mean I can't take profit in less than a day once I trigger a trade if it meets my expectant level. The thing is that I hate to watch paint dry by always looking at the computer screen. Just set the level and TP and let it run.

[CryptopreneurBrainboss]

I'm curious about you traders in this forum.

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper

Don't know if I fit well in this category or not but my trades happens mostly in a day although some take me days to reach my target. Of recent my trades has been mainly news influenc, meaning I trade on news and the profits has been in the lower level of two digits like between 13-18% each time I execute a trade. I'm still experimenting to n this as I don't do it simultaneously everyday therefore don't it'll be appropriate to call myself a day trader.

I see day traders as the traders that keep the market active by trading every now and then on a daily. That is something I can't advice as it'll be a stressful event for me and has a lot of disadvantage to the human body like eye issues and other deficiency. I respect those who engage in the activities though as without them the market would had been boring and probably drive away lots of investors.

[South Park]

I'm curious about you traders in this forum.

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)

I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.

All the best,
Joel

I am a swing trader and my reason for this to be the case is very simple, it is easier, day trading is by far the most difficult way to trade the markets because you need to actually watch the markets all the time and take decisions in a matter of seconds, and if you are unable to do that then you're bound to get losses as other traders faster than you buy before you do and move the price and take advantage of opportunities that you cannot, so I prefer a style of trading that is not as intense and that gives me more time to think about whether or not the place my trade.

[winrate.io]

Amazing with so many answers! I will reply to all of you soon.

Keep posting!

[Kelvinid]

I've been in trading for quite a long time but not a full pledge trader. I'll just stop by when I have a long break from my job and stop then. I called myself still a beginner, it was right since I was still about to keep learning as should be no matter how long we've been in trading.

Technical analysis, fundamental analysis, I know that not all traders are been so keen dealing with this, in fact, I barely not to use this instead, I'm going straight of what I understand base on the current market behavior.

https://www.investopedia.com/articles/active-trading/052815/pros-cons-day-trading-vs-swing-trading.asp

This could help some people to understand their current trading stance and find themselves out from it.

[Boov]

I cannot call myself a daily traders ,but a position traders I always check price of Bitcoin for example daily and look for good entry to set orders - which means there are day that I don't have trades if my orders is not filled so I cannot call my self as a daily traders .

Scalper might the fit position for me since I am trading base on market price and see possible good entry.

Non of those mentioned which I can fit myself towards it, because I am doing long term trading which selling during the peak price of Bitcoin or whatsoever coins I have. With that strategy I may lessen the pressures and emotional struggles from trading. Enjoying my family's time would be at full capacity to relieve stressful days that I am battling everyday.

[MCobian]

I am like you are a day trader, because for me holding coins for too long is boring and not challenging. That's why I really like day trading,
I can get profit every day. Even though the profit I made was not that big, about 2% - 5% per day but if accumulated for a month the results
are quite satisfying. And what must be remembered, day trading carries a higher risk than other types of trading. Because we have to analyze
price movements in the market every day, and it is very tiring, if we are wrong in analyzing it can make the decisions we make are wrong.
We can lose money every day, so day trading for people really have to have enough free time, so that they can be optimal in analyzing prices
in the market.

[Wind_FURY]

Actually we have to change our mind some times. Price can't stay at the same. Sometimes price goes very high to low then it is really hard to sell at low price. We have to wait some more times.

Not "have to change your mind", but to "change your strategy" based/depending on your own strengths, and the skills that you possess.

But 90% of pleb-traders that "try" to day-trade/swing-trade are losing to the top 10% of traders. We plebs can zoom out, see that Bitcoin has never crashed down its 200-week EMA, adopt a buy the dip, and HODL strategy with dollar-cost-averaging.

[maxreish]

Sometimes I do daily trades but since my schedule wasn't that balance so I prefer swing trader lately. We need more focus, more attention and the risks is higher in daily trading and I wasn't that too attentive to watch over my trades always. Margin and swing trading is suited for me as I can manage it more efficiently with proper reading and use of TA and FA of course.

[Gotumoot]

I am a swing trader but I do both of them if I could and I achieve the price that I am aiming for.
Before I buy a crypto I would first set a price where I would sell it.

[Ridwan Fauzi]

I just new to trading and just trading crypto currency only, I tried to trade in the forex trading but seem like that place is not suitable for me especially the platform they use.

I tend to be a day trader/scalper so far, since I have to get money to meet my family life although I realized now that new trader is not worth to make trading as a source income.

And I guess the trading fashion will change time to time especially for beginner. The beginner doesn't know all the market condition, the may need a long time to choose that his strategy is really suitable for him. Like me now, maybe I'll try to be a swing trader to compete with a day trader.

[Mejoress]

Well, we are not talking about a religion, graphics should not prevail over logic, and even if you feel more comfortable with a type of trading should not exclude others. There are great opportunities in day trading, in week trading and in long term trading.

Dividing the investment into lots is hard to understand, but if you divide it into, for example 20 lots, you can do day trading with 5 to 10 lots, and keep your long term investment with the rest. And you can add lots to both tradings depending on the volatility, regulations, etc

For example with stocks, i have 15 stocks currently, and i don't want to sell them until march - june. But i have done a lot of day trading and a lot of week trading with other stocks with more volatility, like Hertz, Wirecard, or JCPenney (sold this morning). And JCPenney is a good example, 2 days ago exits bankrupcy, and this same day +35%, that would have been a great day trading. But why to sell when it's so obvious that the price can only go up?

[davinchi]

Investor? I mean how could you not put the most known version of it as an option here? I am an investor, I buy bitcoin time to time, it all depends on how much money I have, sometimes I have none at all and do not put any money into it, sometimes I have a lot and put it all on bitcoin and sometimes I have just a bit so I put that. I even had times when I had no money at all and had a debt to pay so I did that.

Now I am working freelance from my home with my PC and my PC is very old and doesn't work properly, it acts up and crashes all the time which makes job so much more difficult, I even had to start all over again because of it few times, next time I cash out my bitcoin savings will be to buy a new PC. I just see bitcoin as savings account for myself.

[winrate.io]

I'm curious about you traders in this forum.

What kind of trader are you? Please also motivate why you chose this style.

1. Day Trader / Scalper
2. Swing Trader
3. Beginner, haven't started yet
4. Other (please explain)

I am a Day Trader and I chose this style because I'm not patient enough for Swing Trades and I like to be able to place many trades so I can use my own historical data to know what works and what does not work.

All the best,
Joel

I'm a day trader, but if you are a beginner only then you go on to this kind of earnings in cryptocurrency it will be hard for sure for the
neophyte to earn quickly here due to its not that easy to understand what it is. That's the disadvantage if you are starting new here in this type of business.

Yes, I totally agree. It looks so easy when experienced traders are doing it, but you have really no idea when you're new. If I would start over from scratch with no experience, I would trade with very small amount or paper trade until I'm profitable on paper.

[AliMan]

I am a swing trader but I do both of them if I could and I achieve the price that I am aiming for.
Before I buy a crypto I would first set a price where I would sell it.

What I am looking forward as trader who do swinging, is that the present risk on different aspects once fluctuations starts happening. Pressures and emotional struggles will affect every decision making, so I recommend setting up a target value when selling your coins with limit. On this strategy you can just have chilling times, and it helps you cope us with stress.