#TradingTypes101
Here are details about the different types of trading strategies:
* Day Trading: This involves buying and selling stocks within the same trading day, profiting from small price movements. Day traders close all positions before the market closes to avoid overnight risks. It requires constant market monitoring and quick decision-making.
* Swing Trading: This strategy aims to capture short- to medium-term price swings, holding positions for days to weeks. Swing traders identify support and resistance levels to enter and exit trades.
* Position Trading: This involves holding positions for weeks, months, or even years, capitalizing on long-term trends. Position traders are less concerned with short-term price fluctuations.
* Scalping: This is a hyper-short-term strategy focusing on making numerous quick trades to profit from small price changes. Scalpers hold positions for very short periods, sometimes just seconds or minutes.
* Momentum Trading: This technique involves buying assets showing strong upward trends and selling those declining, taking advantage of market volatility until the trend reverses.