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
I am also a day trader, my trades only last within a day at most the next day, I can't withstand the rigorous task of being a scalpers due to high volatility of price, I picked a higher timeframe for taking and analysing my trade a minimum of 4 hour chart or daily chart which I believed is stable without much noice unlike the lower timeframes, while it doesn't take much time to analyze a higher timeframe.