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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