#OrderTypes101
In trading, self-awareness is strategy. Before you dive into the charts or chase the next breakout, ask yourself: what type of trader am I?
š„ Scalper ā You thrive in high-speed environments. Your trades last minutes or even seconds. Quick profits, tighter risk, and a sharp eye for momentum define you. But it requires intense focus and discipline.
āļø Day Trader ā Youāre active during market hours and never hold overnight. Day trading requires quick decision-making, technical skill, and emotional control. Itās a full-time job, not a hobby.
š Swing Trader ā Youāre patient, riding price trends over several days or weeks. You use both technical and fundamental analysis to find the sweet spot between short-term volatility and longer-term moves.
š ļø Investor ā You play the long game. Youāre not bothered by daily price noise. You focus on company fundamentals, macro trends, and compounding gains over years.
š« The biggest mistake? Copying someone elseās style without considering your personality, schedule, and risk tolerance.