Post
Topic
Board Trading Discussion
Re: What kind of trader are you - Day Trader or Swing Trader?
by
winrate.io
on 07/12/2020, 23:48:00 UTC
Unlike you, I tend to be very patient. I could be in trade for months if my belief is strong enough. That would probably put me in the position trader category as I have a much longer time frame in mind.
I eliminate the fear of short-term fluctuations usually based on a thorough technical analysis, market sentiment, or basic supply/demand logic.

I feel identified with that way of investing, i try to take everything into account (fundamentals, trends, price levels, market environment...), i divide my investment into lots, and i make trading decisions every week, month, quarter, depending on volatility and volume. I think I am an investor, but open-minded and flexible.

Yes, I would also categorize that as investing which can be very efficient for crypto. You don't have to spend that much time and you can grow your account by a lot in the long run. But for me, I want the results as soon as possible, therefore I stick to Day Trading. It requires more time, more discipline, more skill, more self-control, but you can also get rewarded if you can handle all of that.