Shannon's Journal Discussion Thread, Vol. 5

[AbundanceCH]

And to DarthXedonias, you're referring to day traders (i.e. gamblers), vs investors who research, buy and hold for years or even decades. I suppose day trading is more likely to need help to do well.

Eh, I think that might be it. personally for me (I use to trade options) I make a trade then usually hold on to it for a few days to a month tops. Don't make a trade every day and as it were have one method to my strategy. So not sure if I still count as a day trader if I'm not trading daily. That's just me personally though. I'm sure there's plenty of day traders out there who would benefit.

Shannon i think the following is a really good explanation. There's more to just day trading and swing trading and investing.

https://admiralmarkets.com/education/art...ng-trading

Scalping: "The first trading style of this guide is called "scalping", which is a trading strategy wherein traders (known as scalpers) aim to achieve greater profits from relatively small price changes. Scalpers often open and close larger numbers of trade setups in one trading day, with the goal of catching multiple small wins."

Day traders: Many traders think that day trading and scalping are similar. Although both trading styles do take place within one trading day, there are important differences that we need to highlight. Day traders open and close substantially less setups compared with scalpers. These traders sometimes open one setup a day, and often not more than a couple per trading 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: The last trading style of our guide is called "swing trading", which is a trade setup wherein traders enter and exit sporadically, and this is spread this out over a few days or weeks. Swing trading is a system whereby traders are aiming for intermediate-term trading opportunities, and is significantly different to long-term trading (which is when setups are open for weeks and even months at a time).

Shannon should make a sub for traders which are the people in the scalping/day trading and swing trading category.  The people on robinhood and other trading sites use mostly those 3 tyles.  I don't think a sub for long term investors would sell as well as people that invest for the long term are less likely to be buying a sub.

With scalping, day trading and swing trading we use technical analysis and if you're a day trader you can switch to swing trading or scalping if you want. It's whatever style fits you best. Some people like the more fast paced action of scalping and day trading to make quick profits on a daily basis which are smaller than the profits you make swing trading. Swing traders prefer the slower pace.