What is day trading/ swing trading?

  1. Easy to enter — Day trading allows you to do what you like full-time and enables you to learn and see changes in real-time. Learning from real-time is a game-changer. Observing how markets behave and executing trades on a daily basis is perfect for giving you an understanding of the markets you need in order to learn the long-term aspects of trading or investing.
  2. You can become independent — Day trading is a business if you think about it. If you manage to trade enough value and your execution is good, day trading might be the key to get you off your job and into a new field. But do not forget, trading is not easy. Take your time learning it. You will only become successful when you practice and stay consistent with your approach.
  3. Work from wherever you like — This one sounds too good to be true, but it isn’t. All you need to trade is a stable internet connection, your laptop, and everything else you need to be in the mindset. Trading even got easier through most of the exchanges offering Apps to download onto your mobile phone, enabling you to execute your orders or manage your portfolio on the go.
  4. Day trading gets you off the idea “get rich quick” — I know, this one might sting. It is the truth, nonetheless. To become a successful trader, you need consistency, know-how, and the willingness to make mistakes, 90% of new cryptocurrency traders that just started out end up with significant losses and no funds left after a month. Try to avoid being one of them, use a Stop-Loss, and manage your risk. If you need help with that, click here.
  5. If you can afford to lose money — The most important lesson to take away here. Be prepared to pay for your experience. Learning is a challenging process, make mistakes but try to learn from them. Take screenshots, review your misjudgments, and don’t do them again.
  1. Less time consuming — Since you will not find yourself scanning the market all the time, you will have more time to work, do stuff with the family, or enjoy some time off-screen. Swing trading is perfect for you if you need time off. All you need is a solid strategy and check on your investment once or twice a day.
  2. You can stay in the market for longer — Day trading needs you to set your Stop-Loss very close to your entry value, which involves the higher risk of being taken out of the trade too early. Swing traders can average their entry out by opening 3 -5 orders normally. However, by staying longer in the trade, you increase the chance for a negative outcome and the risk.
  3. Rewards are usually way higher than day trading — Since swing trading allows you to adjust your Stop-Loss to a level that takes volatility into account too. Day traders normally use trailing Stop-Losses that take them out on the declining top of a candle. Swing traders are fine with giving back if it means that they can get more gains later.
  4. Cut out the noise markets are creating — Swing trading helps you to stay away from low timeframe charts. Hunting for news and trends is not necessary. Just sit back and enjoy your strategy.
  5. Fit trading around your routine — Day trading is the other way round. To be successful, you need a daily routine. Swing trading offers you the chance to plan your schedule when you check the graphs. You decide whether it is necessary to check the news for valuable information. Swing trading helps you analyze the markets in a much shorter time since you are looking at the chart’s higher timeframes.




Young aspiring blogger and entrepreneur, trader, psychology student, and hardcore punk fanatic. https://yvestalksbitcoin.com/

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Yves Hofstetter

Yves Hofstetter

Young aspiring blogger and entrepreneur, trader, psychology student, and hardcore punk fanatic. https://yvestalksbitcoin.com/

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