Day Trading Vs Swing Trading on Binance 🚀📅
Day Trading 📈
Buy & sell crypto in 1 day for quick profits.
Strategies:
Scalping 🏃: Small, fast trades. Ex: Buy BTC at $90k, sell at $90.05k.
Momentum 🚀: Ride big moves. Ex: Buy ETH at $3k, sell at $3.07k.
Tips: Use stop losses 🛑, watch news 📰, trade big coins ($BTC , $ETH ).
Swing Trading 📉
Hold crypto days/weeks for bigger swings.
Strategies:
Trend 📊: Follow the direction. Ex: Buy $SOL at $150, sell at $180.
Reversion 🔄: Buy low, sell high. Ex: Buy ADA after dip, sell on rise.
Tips: Set wider stops 📏, be patient 🧘, pick strong coins.
Tips for Both 💡
Risk only 1-2% per trade ⚖️.
Practice in demo mode 🎮.
Stay updated 📰.
Cautions 🚨
Losses ⚠️: Don’t use rent money!
Emotions 😓: Stick to your plan.
Volatility 🌪️: Prices jump fast.
Start small 🐣, learn charts 📚, stay calm 🧘. Good luck! 🍀
