#TradingTypes101
๐ #TradingTypes101 โ Which Trader Are You?
Whether you're just getting started or refining your strategy, knowing your trading type is key to success. Letโs break down the main types of traders: ๐
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1๏ธโฃ Scalper
โฑ๏ธ Timeframe: Seconds to minutes
๐น Goal: Small, frequent profits
โก Needs: Fast execution, laser focus
๐ผ๏ธ Image idea: A speedometer or someone at multiple screens making rapid trades.
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2๏ธโฃ Day Trader
๐ Timeframe: Within the same trading day
๐ Goal: Capitalize on intraday price movements
๐ง Needs: Technical analysis, discipline
๐ผ๏ธ Image idea: A calendar with a single day circled + charts with sharp intraday movements.
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3๏ธโฃ Swing Trader
๐ฐ๏ธ Timeframe: Days to weeks
๐ Goal: Catch short- to mid-term trends
๐ง Needs: Patience, good timing
๐ผ๏ธ Image idea: A pendulum swinging between buy and sell zones, or candlestick charts showing upward/downward trends.
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4๏ธโฃ Position Trader
โ Timeframe: Weeks to months (sometimes years!)
๐ฆ Goal: Ride out major trends
๐งญ Needs: Fundamental analysis, strong conviction
๐ผ๏ธ Image idea: A mountain with someone climbing it slowly โ symbolizing long-term growth.