#TradingTypes101
๐ง TradingTypes101: Which Type of Trader Are You?
Crypto trading isnโt one-size-fits-all. Whether you're chasing long-term gains or short-term profits, thereโs a trading style that fits your personality and goals. Let's break down the 4 major types of traders in crypto๐
๐น 1. Scalper
๐ Timeframe: Seconds to minutes
๐ Goal: Profit from small price movements
โก Skills: Speed, precision, and discipline
๐ Tools: Order books, real-time charts, high-frequency trades
๐น 2. Day Trader
๐ Timeframe: Minutes to hours (within one day)
๐ก Focus: Capitalize on intraday volatility
๐ ๏ธ Tools: Technical analysis, news catalysts
๐ซ No overnight positions
๐น 3. Swing Trader
๐ Timeframe: Days to weeks
๐ Strategy: Ride short- to medium-term trends
๐ Combines technical and fundamental analysis
๐ค Slower pace, good for part-time traders
๐น 4. Position Trader (a.k.a. Investor)
๐ Timeframe: Weeks to months (or years)
๐๏ธ Focus: Big-picture trends and long-term growth
๐ Less affected by daily noise
๐งโโ๏ธ Requires patience and conviction
โจ Which one are youโor aspire to be? Letโs discuss!