Not all trading styles suit every personality or lifestyle. Choosing the right style is critical to your success and mental peace.
Day Trading
Day trading involves opening and closing positions within the same trading day. Day traders do not hold positions overnight, avoiding overnight risk.
Pros: Quick results, no overnight risk.
Cons: Highly stressful, requires constant screen time.
Swing Trading
Swing traders hold positions for days or weeks to capture an expected price move. They rely more on 4-hour or daily charts.
Pros: Less screen time, suitable for people with full-time jobs.
Cons: Exposure to overnight risks and news events while you sleep.
Scalping
Scalping is a high-speed style where traders hold positions for seconds or minutes to grab very small profits.
Pros: Limited exposure time.
Cons: Requires intense focus and low-latency execution.
Conclusion
If you have a full-time job, Swing Trading might be best. If you can dedicate your mornings to the markets, Day Trading could be an option. Match your style to your life.
Disclaimer: Different styles carry different types of risks. Choose wisely based on your experience level.