What Type/Kind of Trading Style is the Best and why

[Yamifoud]

If you consider yourself becoming a full-time trader, then have to you choose either be a day-trader or swing trader, or of having them both. Choosing the best one will also have to consider first where you are comfortable with, actually, you make a try them all to know more about these strategies and to know also which one makes better with you.

If I said day trading or swing trading is the best that is because base on my experience and possible that it can be not good for you.

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[CryptopreneurBrainboss]

Which of these trading methods/style is the best (that you use), and you can recommend and why.

I won't recommend day trading as a strategy any newbie should used. Day trying is one of the most stressful training technique. Although if done rightly it can bring you profits but there's more you'll lose compared to the profits you earned. One of those could be your sight and some blood related disease like high blood pressure due to constantly been under pressure from the movement of the market.

Trading shouldn't be the first investment strategy for a beginning imo, you should start with holding and when the profits have come you can then shift to other earning aspect in the industry trading. A
And the funds used for the trading should be the profit you have gaines from holding Bitcoin.

For example the holders vs traders of 2020 if some finding are done, it'll come out that the holders were more profitable than the traders. The market was so volatile this year that many traders would had been burnt with the numerous flash crash and market corrections that happened this year.

[cryptoaddictchie]

In recent times I have understand that most beginner traders don't know the kind of trader they're. Either
1. Scalper
2. Day trader
3. Swing Trader
4. Position Trader.

Which of these trading methods/style is the best (that you use), and you can recommend and why.

Different perspective. I usually do scalping and position trading.

For major alts I've always positioned my orders but for some quick gains I've prefer shitcoins for some scalping within a shorter period of time. Position trade is quite unsure but if you can buy on a good entry price with a decent quantity then that's definitely a sure profit.

But if you think about the difference like scalping, swing and day trading its almost identical to purpose aside from the positioned trade.

[jostorres]

Well, this is always depend in the individual traders dude. Because, on my experienced sometimes I never know or notice if I am
doing scalping, day trading, swing trading, but just all I know I'm doing day trading at most of the time in my daily routine in life at the moment.
But of course, it is better to know why type of a trader we are in crypto space anyway.

The reason why it looks like it depends on the person and why you think you do your best when you pick the one you know most, is because doing anything very well could mean you are trading profitably. It doesn't matter because it matters on the talent level and knowledge about trading. This is once again personal but not just personal on preference level but personal on talent level.

If you are amazing at day trading but horrible at swing trading, but you have more fun with swing trading, you are going to end up losing money anyway, it is not about what you want to choose, it is about what you are good at. A person that picked any of these, worked hard on it, trained hard on it, practiced it on virtual places, and actually became veteran on real trading as well, will be awesome in any of them, it all depends on how much effort you put into becoming good at it.

[fauzan123]

Every trading style, skill, technique and strategy is the best, to every individual there is a trading strategy which leads to profit / losses. It is hard to convince a trader about another skill when he has one that works just well. This is why you must find out what works for you.

Each trader also has different trading skills and characteristics, both short, middle and long, all of which also have their respective advantages. There are many styles that can be used and each indicator used also has different strengths and capacities, of course this is also helped by each trader.

I myself have been comfortable using support resistance analysis as a basis for analysis and prediction in trading, because I feel that the basis of trading is on support and resistance, because that is inseparable.

[Ridwan Fauzi]

Neither one is the best, depending on one's style.

Those stratgey have each advantage and disadvantage. Like scalper, the advantage you can get money quickly, yeah you just need five minutes to get a profit. And the disadvantage you need to watch the candle properly, if you made a mistake then you will get a profit. Let say, you made five a mistake when you make an entry then you will lose all of your money in the short time. Likewise with day traders or swing traders, they definitely have their own advantages and disadvantages. You have to read the ins and out of the strategis and match with your personality.

[Stalker22]

Like others have already stated before me, each of these techniques has its own advantages and disadvantages.
Due to volatility and market dynamics, the scalping strategy is ideal for trading at shorter time intervals. With day trading, you are likely to use a scalping strategy several times a day. Swing trading is more common for those who don't have a lot of time to follow the market closely, while position trading is effective only with a deeper analysis and positions over longer time periods.

Most professional traders will use different combinations of these methods to maximize their profits.

[Kelvinid]

Most professional traders will use different combinations of these methods to maximize their profits.

Exactly, traders will choose the best strategy for them and they can make all of these things if these are useful enough to take advantage of the market. Having 2,3,4 strategies are more advantageous than one but you can't just go along with them all if you are a beginner.
Well, experts can manage to make it as they are already been full-time traders and they have more than enough knowledge and experience that is why it looks so easy for them to use it all.

I'm not like them and probably you as well, so my advice is to choose the strategy that you feel suited to your capability.

[Stedsm]

Isn't it better to first understand each and every type of trading you're talking about, and then executing it on some demos or even if real, with proper money management? It will give you a great experience to DYOR and then decide which style suits you the most. If you'll trade according to us, I don't believe it'll work even if you ask 1000 people through conducting a survey and then going for a style that's best according to them but not you because it's their experience. Try it yourself and you'll know what's best for you.

[Ryker1]

^[snip]
I'm not like them and probably you as well, so my advice is to choose the strategy that you feel suited to your capability.

Well, you have a point there.
You cant use all of the strategies in trading, perhaps a strategy combination of different styles will work but it has a limit on it and can't survive for a long period of time. I would say, choose the best one and study this very well and determine the advantage and disadvantage so that you can apply when you are in trading activity. Even how many strategies you will use in trading, does not give any guarantee that you will get profit once you will use, the market will remain unpredictable and it will depend on your luck.

[create_crypto]

In recent times I have understand that most beginner traders don't know the kind of trader they're. Either
1. Scalper
2. Day trader
3. Swing Trader
4. Position Trader.

Which of these trading methods/style is the best (that you use), and you can recommend and why.

Whose the best traders in the world - they use:
3. Swing Trader
4. Position Trader.

Because, if you have big resourses it is impossible for you scalping, because every time you have much more buying and selling power, than market can give you at every moment, thats why you starting to move pricese with your volume.

Day trading creating big problem than you trying to follow the trend, but you have an opportunity to sleep well)

Swing and position trading also difficult to trade by the rules, you must quick cut losses. That`s why you feel doing a lot of money loosing trades sometimes months, but your goal at the end to catch big unstopple trand like last months happened with Bitcoin.

And I also don`t saw any seriuos succesful top traders, who still trading 1 and 2 types. Of cause they know how to trade these styles aswell, but decide not to.

[exstasie]

There is lots of overlap between scalpers and day traders. Low time frames, more unpredictable moves, a need to employ a system that exploits volatility effectively. I only scalp during extremely strong trends, and I don't recommend it for beginners at all.

Currently studying T.A here and it appears that some of the concept that pertains to what type of trader you are is a bit confusing with respect to the risk to reward ratio..

Isn't it that swing trading or day trading who deals with a larger timeframe is prone to a greater risk than those people who are doing scalp trading?

"Day trading" generally means closing trades within the same day. Scalping is even more short term, trading on the 1-minute or 5-minute charts.

So the major distinction is between swing trading (riding trends over days or weeks) and scalping (holding trades for seconds or minutes).

Naturally, swing trading is much riskier in absolute terms (bigger risk per trade) because you need to use much wider stops than with scalping. You can't expect to jump onto a daily trend if your stop losses are, say, 0.1%. You're almost guaranteed to be stopped out in that situation. Such a stop loss would be appropriate for a 1-minute chart scalper though, because he is trying to profit from very tiny price moves.

The downside of scalping is you miss out on most of the gains from trends. Higher time frame traders can just hold for weeks for huge profits, while you're constantly opening and closing for tiny little profits. Plus, low time frames (hourly and below) are very unpredictable, which makes scalping even less profitable.

Or I just misunderstood the concept? As far as I know, trading with a larger timeframe comes with a great risk because of the gap between prices while scalping is the other way around.

That's exactly right. Swing traders are taking way fewer trades with larger potential losses and also much larger potential gains.

[Shasha80]

Actually, of the 4 types of trading mentioned in the opening post, all of them are good, depending on everyone's taste which is more suitable.
For myself, I really like day trading, because it can generate profits every day and is not boring. Because I am not the type of person who likes
to wait too long, and by day trading we can get results every day even though they are small profit.

But day trading is not an easy method to do, because it requires more effort to be successful in day trading. And also requires good analytical
skills and also a fairly long trading experience. Without these two things it will be difficult to successfully make profit from day trading.

[Tahsin Kabir Kollol]

Which type of trading is best depends on what type of cryptocurrency you are investing in. For example, if you invest in Bitcoin Ethereum or any potential cryptocurrency, a long-term investment plan will give you an expected return. On the other hand, in cryptocurrencies that are not very promising, but market analysis shows that even if it is up for a while, day trading or swing trading can bring you a profit. Again position trading can be done by reviewing the current situation of any cryptocurrency if you can gain a comprehensive idea about the market and make full use of your experience. Moreover, different types of trading strategies are popular with different types of traders and they consider trading in the strategy of their choice as the best medium.

[Yatsan]

The best trading style is not the same with everybody else for we are having different ways on how we deal on doing our trading. There are trading styles that suit on one person but not for the other due to different activities they take hold aside from doing trading which makes one trading style not suitable to them compared to the other. You will definitely find the best trading style that will suit you depending on the type of trader you are which you will basically know by yourself on which trading style you must use to be able to gain profit and work on upon doing your trading. It also varies depending on the type of coin you wish to trade so certain adjustments will be made to determine which trading style can be used on dealing with it considering your time allotment and the coin you have.

[Maus0728]

~snip

The downside of scalping is you miss out on most of the gains from trends. Higher time frame traders can just hold for weeks for huge profits, while you're constantly opening and closing for tiny little profits. Plus, low time frames (hourly and below) are very unpredictable, which makes scalping even less profitable.

Which means there are different types of approach in either scalping, daytrading and swing trading due to their respective time frames? As far as I understood, there is an instance that a technical analysis intended for scalping may not work in either daytrading or swing trading and so on and so forth..

Even though I feel overwhelmed, I think there is nothing wrong to become a trader who can do different trading approach so that you can easily adjust depending on your daily or weekly routines. Thank you @exstasie for a kind explanation, it was even harder than I had expected.

[crwth]

]I think most of the newbie traders are going to have the idea of being a day trader. Like you can become successful continuously and going to be profitable automatically per trade. That's what I thought going into it, but that's just a perception from a beginner. Now I'm mostly a scalper with my market maker bot. With the fundings and dollar cost average techniques.  Personally, what I dream of is the passive one. That's why I'm trying to show everyone that it could be possible with the use of Gunbot. I have a thread in the trading discussion, and currently, it's going great. It doesn't necessarily mean I would stop trading manually, but the performance of my trades having a bot could increase my profitability exponentially.

[Yamifoud]

]I think most of the newbie traders are going to have the idea of being a day trader. Like you can become successful continuously and going to be profitable automatically per trade. That's what I thought going into it, but that's just a perception from a beginner. Now I'm mostly a scalper with my market maker bot. With the fundings and dollar cost average techniques.  Personally, what I dream of is the passive one. That's why I'm trying to show everyone that it could be possible with the use of Gunbot. I have a thread in the trading discussion, and currently, it's going great. It doesn't necessarily mean I would stop trading manually, but the performance of my trades having a bot could increase my profitability exponentially.

A reason why most traders are prepared for manual trading is due to a lack of trust in trading Bots because of scam issues. I respect your Gunbot cause I also saw your post regarding that and you have been proven that it really works for you but wondering if it will work then for others or even mine. I'm not a full-time trader and I did stop if the market is already at peak just to minimize the risk since I don't have much time to spend.

TBH, I'm not really trusting trading bots but if someone (a trusted person) can offer me, maybe it was time to open a window for it and embrace the new tool in trading where there is a hassle-free. 

[crwth]

A reason why most traders are prepared for manual trading is due to a lack of trust in trading Bots because of scam issues.

I think that's an easy thing to answer because they should check what bots have the good reputation ones and see the actual thing working. What I like about Gunbot is that it's installed in your computer, not in a cloud. So you have full control over what you input in the software and you don't need an account for that. Just your license and your chosen exchange and you are good to go.

I respect your Gunbot cause I also saw your post regarding that and you have been proven that it really works for you but wondering if it will work then for others or even mine. I'm not a full-time trader and I did stop if the market is already at peak just to minimize the risk since I don't have much time to spend.

Not completely shilling Gunbot but I believe it would be worth it for you to try it. I would help you set it up but there's no guarantee that you would get the same results because it's not an easy tool to learn. You would really need to work hard. Yes sure you could plug and play and just trust the software but the key difference in learning how it works is the key to profitability. The market is not always the same that's why you need to adapt your strategies as well, whether you are using a bot or not in trading, that's the truth.

TBH, I'm not really trusting trading bots but if someone (a trusted person) can offer me, maybe it was time to open a window for it and embrace the new tool in trading where there is a hassle-free. 

I could offer it to you but you need to put in the work as well. It's not magic and it's not hassle-free because you need to learn it as well. It would provide you a whole lot of advantages once you have seen its capability. If you are really interested, PM me.

[LimLims]

In recent times I have understand that most beginner traders don't know the kind of trader they're. Either
1. Scalper
2. Day trader
3. Swing Trader
4. Position Trader.

Which of these trading methods/style is the best (that you use), and you can recommend and why.

To be honest,
No strategy or Method works for the second time.
The only thing that matters is the luck and good fortune.
If you lack in both of these, then surely you will fall in losses.
Moreover Trading should be done by doing high estimated calculations, not based on theories.
Hope this clears some doubts for you OP.