#MyTradingStyle
To determine your trading style, consider the following factors ¹ ² ³:
- *Personality*: Are you patient and analytical, or impulsive and action-oriented?
- *Risk Tolerance*: Can you handle high volatility and frequent risks, or do you prefer a conservative approach?
- *Time Commitment*: How much time can you devote to chart watching and market analysis?
- *Financial Goals*: Are you looking for quick profits or long-term wealth accumulation?
Common trading styles include ⁴:
- *Day Trading*: Opening and closing positions within a single trading day
- *Swing Trading*: Holding positions for several days to weeks
- *Position Trading*: Holding positions for weeks, months, or years
- *Scalping*: Making multiple trades in a short period to profit from small price changes
Reflect on these factors to find a style that suits you.