#TradingTypes101 What type of trader are you?
Understanding your own trading style is the first important step on the journey to effective investing. Below are the 4 most common types of traders:
1. Scalper – Extremely fast trading, profiting from small fluctuations in just seconds to minutes. Requires high concentration and quick reactions.
2. Day Trader – Opens and closes positions within the day, not holding overnight. Requires solid technical knowledge and time to closely monitor the market.
3. Swing Trader – Holds positions for several days to weeks, taking advantage of medium-term waves. Suitable for those who don’t have much time but still want to “ride the waves”.
4. Position Trader (Holder) – Long-term trading, holding positions for several months to years. Prioritizes fundamental analysis, less affected by short-term noise.