there are only two types of trading
(i am talking of trading and not investing)
- day trading, and
- night trading.
and since the stock markets are closed during the night
even night trading is not there.
so this leaves us with only one type of trading
- day trading!
rest everything else
is only a derivative of day trading!
a 6 day swing or positional trade
is nothing but the 6 times multiple
of day trading.
the only difference being
that in swing or positional trading
a trader accepts
that he or she will not mind day-to-day and intraday fluctuations
including gap openings.
whatever technical rules apply to day trading
on 2 minute or 5 minute tick charts
apply exactly to swing or positional trading
on 30minute or 1 day tick charts
as i had said earlier also
day trading is miniature swing trading
and swing trading is enlarged day trading!
1 comment:
Good post....I am basically a swing trader, and I do lot of speculations of US stocks...do check out my blog at
http://thinkrichliverich.blogspot.com/
Trading is always better than investing because you can take advantage of the short term swings in the prices that are caused by changes in the moods of the participants in the market.
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