Sabtu, 15 Oktober 2011

types of trading


there are only two types of trading
(i am talking of trading and not investing)
- day trading, and
- night trading.

and since the stock markets are closed during the night
even night trading is not there.

so this leaves us with only one type of trading
- day trading!

rest everything else
is only a derivative of day trading!

a 6 day swing or positional trade
is nothing but the 6 times multiple
of day trading.

the only difference being
that in swing or positional trading
a trader accepts
that he or she will not mind day-to-day and intraday fluctuations
including gap openings.

whatever technical rules apply to day trading
on 2 minute or 5 minute tick charts
apply exactly to swing or positional trading
on 30minute or 1 day tick charts

as i had said earlier also
day trading is miniature swing trading
and swing trading is enlarged day trading!

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