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

[globalpain]

It's better to choose to be a day trader, because the more profit will be in day trading,
you can use a minimum capital of $ 50 to get $ 1 per day

[Shasha80]

I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.

[Wind_FURY]

I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.

You make "huge profits" out of day trading? Can you provide some evidence to prove that? Or do we have to trust you?

Because, I know that plebs like us always get the worst end of the trade.

[winrate.io]

For now I do two techniques, but scalping techniques are the ones I use frequently. I did this because I had little capital. Actually I like holders for the medium term because I used to do that and was successful. But it requires a strong mentality. I think now is the perfect time to select some coins to hold.

Scalping is really nice. I like that as well, but it really requires a lot from the trader. It can hit so many emotions and it's easy to break rules. But once mastered, it can be really efficient.

I have tried many trading strategies but what really worked out for me is day trading and scalping. I've been trading for like 3 years and so far day trading and scalping gave me profits that I want it is not that big but hey profit is profit as they say. I fit on my strategy maybe because same as you I am quite impatient and I want something to do or watch something everyday.

Thats awesome to hear Astvile, that day trading and scalping is working out for you. Can I ask which exchange you trade on and which coins?

All the best,
Joel

I think your style is very common. I agree that beginner traders should not jump straight into scalping.

My best advice to beginners is to try whatever style they want, even scalping or day trading, if they follow this simple rule very strictly: Only trade with amounts like 10 - 100 USD until you are profitable.

Day trading or scalping is very risky for beginners. I don't advise them to do so.

I know that day trading will make you survive in the long term but it would teach you a lot of lessons first through losing. I'm more into chill trading that I'll buy when the market dips.

Wait for a moment then sell. The very common trading style. No need for much time of looking into the charts.

Cool, chill trading is nice. I did that back in 2017 and 2018, I enjoyed it. Then I got cocky and setup a lot higher goals, therefore I started day trading. Then I lost a lot of money before I finally got profitable.

[moderator's note: consecutive posts merged]

[Lordhermes]

Among all the list OP mentioned I don't think I fit in any category, I don't know what can be called on signals subscribers, I followed the instructions/signals made by expert traders and that's how I made my gain depending on my inputs because I knew my analysis hasn't gone as I planned and always fail that's why I choose to subscribe to signals group and it works better for me. (Not advertising any signal group thought).
With all of these, I feel it could be classified as day trader as well if I'm not mistaken.

[bitmexscalper100x]

I have tried many trading strategies, it turns out that day trading can provide huge profits. Therefore, I prefer to be a day trader,
I can make profit every day. The most important thing if we want to become a day trader is that we have to monitor the market
every day, so we can predict price movements. Indeed, day traders are very tiring, but it is worth the profit they get.

What you are saying makes sense,you basically have to be glued to the chart, and its all pattern recognition after that. No shortcuts, just patterns and some psycology but you can start a scalp and end up swinging a nice chunk of profit like he says, just timing. Check out my live trade video below to see what i mean.

ITF





---------------
Check out EP01 +146% in 64 Minutes https://youtu.be/RlzeLc6foyk

[winrate.io]

Day trader so I can monitor my daily profit and analyze it weekly or monthly how much I earned through that time. As a day trader, I can also position myself depending on the market's movement on that day. It's also less risky and sometimes I can choose what crypto to trade so I can gain more profit.

Thats a very good point and I think the same way. With day trading you can rely more on statistics. With swing trading or chill trading, you make fewer trades so you will have a harder time figuring out whats working or not.

[Sterbens]

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

hello joe

Until now, the Day Trader / Scalper strategy is still a comfortable strategy for me personally. and this is quite effective for us in controlling the movement of our money from day to day. although the benefits are not as big as we expect. but I personally keep trying to be consistent in taking advantage of how much.
well sometimes the satisfaction can't stop there, we need to be patient when it comes to selling, it turns out the price is getting up. it is very common.

[imstillthebest]

Among all the list OP mentioned I don't think I fit in any category, I don't know what can be called on signals subscribers, I followed the instructions/signals made by expert traders and that's how I made my gain depending on my inputs because I knew my analysis hasn't gone as I planned and always fail that's why I choose to subscribe to signals group and it works better for me. (Not advertising any signal group thought).
With all of these, I feel it could be classified as day trader as well if I'm not mistaken.

you can fit in the no. 4 on his list because no.4 is others/explain and you already named your category as a signal subscriber or you can also fall on the pump and dump groups because those people are also dependant on the signal of the founder of the group .

 you didnt choose to be like this imediately but you also tried to trade on your own , i like that although trading on your own didnt work well and now you found your worth on that kind of activity .

 me i will fall on the newbie because im still figuering out on how to trade because i was foccusing too much in investing

[cytpoway121]

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 think i can categorize myself as a day trader, I set targets of 5-20% profits for myself on different trade pairs at the same time. I draw out a trading chart, analyse it and get in to the trade setting a politing stop loss limit to ensure that my losses does not get deepened if anything goes wrong


All methods of trading are good and easy, as long you can do your own research and develop a strategy for yourself

[famososMuertos]

:....//...:Joel

Hi! Joel
If you ask empirical people who are successfully engaged in trading without studying or learning what their strategies are called, or what type of trader they are, they don't tell you anything specific, but if you explain them they end up telling you; aH! that is (eg) Swing Trading is this or that,  so makes me tell you that sometimes I use common sense more than anything else, sometimes it is " talent " othertimes" luck "but without a doubt one ends up applying one or another strategy that guide you in a certain style.
I am not "married" in a trading style ... but I like to read and study them.

[cheezcarls]

I am just an occasional trader because I mostly buy and hold Bitcoin, altcoins, etc. I wanna do day trading but it’s not my calling yet, but I am still learning about the skills, etc. Before I am confident in doing day trading, I usually practice myself in Newscrypto’s trading simulator 2.0 with a demo amount but trading in real time.

[mersal]

I can call myself as occasional trader because sometimes I do intraday trading and when I am not making enough profits then I will take a break for a while or even longer then will get back to trading. Currently not trading because this is bullish season so holding is better than making risky trades.

[huiji2011]

Neither of the two, day trading is too hard for me, is very busy and i generally lost at the end, i am too stupid to do this day trader job. Swing trader, i guess i'm not too, i usually keep coins for months, even years. Only if its price reach my psychological price or i am out of cash, i would sell.

[xSkylarx]

I can call myself as occasional trader because sometimes I do intraday trading and when I am not making enough profits then I will take a break for a while or even longer then will get back to trading. Currently not trading because this is bullish season so holding is better than making risky trades.

Trading at this season is a good choice too. Most altcoins now are on uptrend since the year is ending and bitcoin is predicted to break its ATH this year. It's riskier to trade when it's bear season because you don't know how low the price can go. I prefer trading during these times and less risky imo.

[error08]

Day trading is too exhausting for me, always have to observe the chart and analyze the patterns day-to-day basis. I occasionally do swing trading for some potential altcoins but mostly hold for weeks or months until it reaches a desirable price according to my research.

[mersal]

I can call myself as occasional trader because sometimes I do intraday trading and when I am not making enough profits then I will take a break for a while or even longer then will get back to trading. Currently not trading because this is bullish season so holding is better than making risky trades.

Trading at this season is a good choice too. Most altcoins now are on uptrend since the year is ending and bitcoin is predicted to break its ATH this year. It's riskier to trade when it's bear season because you don't know how low the price can go. I prefer trading during these times and less risky imo.

When the prices are going up then why we need to take risk to make more money, we can simply hold bitcoin and make money with no efforts is the smart choice. But you also right, trading can be done in any time and its also possible in bullish trend but in my opinion its not worth the risks.

[jostorres]

I am a trend follower simply which may be classified as swing trader as well, I can hold my coins longer than a day and even more than that, and I sell when the market moves to a position that I have as my target.

Day trading is good too, but it is difficult for me as someone who is an employee that spends most of the time of the day working in the office from eight in the morning till six in the evening, and I only get time after work which I wouldn’t like to spend watching cryptocurrency market when I am supposed to be spending time with family and doing other fun things. So, swing trade is for me for now until I get the time for day trading.

[meser#]

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

3rd option suits on me.  Approximately 3 month passed since I started to trading cryptocurrency. And yet I'm only trading major currencies like btc, eth, ltc, xlm etc. Because I don't have much money to take risks.  I have long way to go take that risks

[dunfida]

I am a trend follower simply which may be classified as swing trader as well, I can hold my coins longer than a day and even more than that, and I sell when the market moves to a position that I have as my target.

Day trading is good too, but it is difficult for me as someone who is an employee that spends most of the time of the day working in the office from eight in the morning till six in the evening, and I only get time after work which I wouldn’t like to spend watching cryptocurrency market when I am supposed to be spending time with family and doing other fun things. So, swing trade is for me for now until I get the time for day trading.

We are the same when it comes to time vacant on spending when you do make trades.You would really be needing an ample time for you to deal with the market actively.
So this simply means will vary on each persons vacant time for such engagement yet day trading does really needing that for you to check the price from time to time.
So swing trading will be the best path for us but somehow when i do have some ample time to spent i did try to make or practice day trade and i can say
that this is much more harder when you do just simply wait up for some trend redirection but it is really that rewarding if you do make things right.