#TradingTypes101 When it comes to trading crypto, understanding different trading types is essential. #TradingTypes101 includes day trading, swing trading, scalping, and long-term investing (also called HODLing). Day traders open and close positions within a single day, aiming to capitalize on small price movements. Swing traders hold positions for several days or weeks to ride medium-term trends. Scalpers make dozens of trades a day, relying on tiny price changes and high volume. Long-term investors focus on strong fundamentals and hold assets for months or years. Each type requires a different mindset and risk management approach. I personally prefer swing trading due to its balance of flexibility and potential profit without the stress of constant monitoring.
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