#TradingTypes101 ๐ #TradingTypes101: What Kind of Trader Are You? ๐
Before diving into the markets, it's crucial to know your trading type! ๐ผ๐ก
Here are the 4 main types of traders:
1๏ธโฃ Scalper โ Quick in, quick out. โก๏ธ
Trades last seconds to minutes
Aims for small, frequent profits
Requires fast decision-making and focus
2๏ธโฃ Day Trader โ No overnight risks. ๐
Opens and closes positions within a day
Relies on intraday charts and news
Needs discipline & technical analysis skills
3๏ธโฃ Swing Trader โ Riding the wave. ๐
Holds trades for days or weeks
Looks for short- to mid-term trends
Balances between time and reward
4๏ธโฃ Position Trader (Investor) โ Playing the long game. ๐
Holds positions for months or years
Focuses on fundamentals
Less stress, more patience
๐ฌ Which one sounds like you? Or are you still figuring it out? Let us know in the comments! ๐
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