What kind of Trader are YOU?

🟢A scalper, is a kind of trader that usually buys and sells an individual stock multiple times throughout the same day.
They hold a position for few seconds or few minutes, trading during the busiest and most liquid market hours.
Scalpers aim for very small profits on each trade, the large number of trades they open during a day can easily return significant profits by the end of the day.
Be a scalper is not that easy, if you can't keep focusing on your screen for hours each day, it probably won't suit your life style.

🟢A day trader open and close substantially less setups compared with scalpers, normally one or few setup every day.
Although they both trade intraday, the day trader's strategy is to focus on the best opportunities of the day, and to hold on for a larger profit target.
Therefore, a day trader usually holds on to a trade for several hours but not more than one full trading day. Ultimately the goal of a day trader is to aim for a larger piece of the expected daily price movement within one trade

🟢Swing traders normally trade on higher time frames, from H4 to daily charts, holding a position for few hours, days or sometimes weeks!
They always are looking for great opportunities that could give them more profits and large targets
Swing traders must familiarise themselves with technical analysis, using these techniques as a set of guiding principles for their decisions and also have an understanding of fundamental analysis, examining the asset’s fundamentals to support their technical evaluation.

🟢Position traders usually hold a stock for an extended period of time, typically several weeks or years. A position trader generally does not let daily price motion or market news influence their trading strategies. Instead, they are focused on long-term outcomes and allow their particular holdings to fluctuate in sync with general market trends over the short-term.
They usually need to be really patient and wait several weeks before getting the perfect opportunity to get into a trade!

What kind of Trader are you?

Trade Safe and Responsibly,
Gianni
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