Quote from: wallet4bitcoin on Today at 07:11:44 PM

Quote from: fingnome on September 25, 2023, 08:43:05 AM

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day trading is also a type of trading like the swing trading also, the difference being that the traders only close their trades on a daily basis, although there are chances that a particular trader can span into the next day but its still considered day trading.

Most traders don't enjoy allowing their trades to run for multiple days or even weeks, in some, it keeps them psychologically unbalanced and to others, its their best strategy to profit making.

For us to be a day traders or swing traders, it all depends on our capital and how much we are able to risk as a trader. People that go on a long trades are the position and swing traders. They can be in the market for a very long time lasting not less than two months.

This kind of trading requires a lot of money to stay in the market for a very long time. No matter the kind of trader that we are, it is very important for us to know when to leave and stay in the market. This is one of the mistakes many traders make and make them keep accumulating loses which is not supposed to be so. We need to understand the kind of trader that we are to keep the profits flowing.