#MyTradingStyle Types of Trading Styles
1. Scalping
ā±ļø Time: Seconds - minutes
š” Characteristic: Open many positions quickly, seek small but frequent profits.
š„ Suitable if you actively monitor charts throughout the day.
2. Day Trading
ā° Time: Completed within 1 day (no overnight positions)
š” Characteristic: Open-close positions within a few hours, technical analysis is dominant.
š Suitable if you can focus for a few hours/days and enjoy fast movements.
3. Swing Trading
š Time: Several days to weeks
š” Characteristic: Look for large movements in medium trends.
š§ Suitable if you enjoy analyzing trends and are not always in front of the screen.
4. Position Trading
š Time: Weekly to monthly
š” Characteristic: Focus on fundamentals, long-lasting, rarely open-close.
š”ļø Suitable for long-term investors, similar to "HODL".
5. Copy Trading / Auto Bot
š ļø Use automated systems or follow other traders
š” Suitable for beginners or those who want to be passive.