Study Hall: What Type of Stock Trader are You?

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I'm going to give to you. So there's scalpers, there's day traders, and there's swing traders. And so if you can't read it, I'll read it to you. It says scalping entails the buying and selling of a financial instrument. Usually a stock future, a currency, commodity, or even an option with the goal of producing a small gain or could be a large game on that position. Scalpers attempt to profit from short term price movements. So really quick, now,

this is the most important part for scalping. The time frame that scalpers trade whole positions ranges from seconds to minutes. And so when I told you to figure out what kind of trader you are, a scalper is somebody who's in front of their computer and they're doing this by

the second. I mean every second counts when you're scalping, because movement happens, volatility happens, and so people who do this are I mean, I always like to say this is strictly for livmen, not for freshmen, And since we got a lot of freshmen in here, I wouldn't advise this yet. If you haven't traded before, I wouldn't advise you to start scalping right away. Yes, you can make money in it. Is it violatile? Is it risky? Yes?

And so we want to take that into account. Now, there are day traders, and that sounds pretty self expansory, right, So the strategy for day training involves taking positions into financial assets such as stocks, futures, currencies, same pretty much thing. But the day traders tend to hold the abundance of trades over minutes and hours, and so my scalpers we're

talking about seconds and minutes. My day traders, we're talking about minutes and hours as a maneuver their transitions throughout the changing market conditions and sign out Ian talks about this a lot when we're talking about day trading, especially in the futures market, where it's hey, we don't we trade the open and we trade the close, right, so it's between nine thirty to ten thirty, and it's between

three o'clock to four o'clock. Why momentum shifts in the morning, momentum starts to shift again in the evening, and then during the day you don't see it as much movement. And if you've watched any chart, if you even if you watch the NBC, you know as soon as it hits nine thirty, you'll start seeing colors flash and it'll be ready to be green, to be ready to be green.

You're trying to figure out what's going on. Trades are happening, and so there's a lot of flow that's moving in it during those times, and so day traders they capitalize on that time movement. Now, and it seems like we got a lot of these people in the chat, so shout out to everybody that's in the chat. We got swing traders. So unlike scalpers and no knock to them, and unlike day traders, shout out to y'all. All right,

swing traders hold their positions for longer time periods. This can be for several days, weeks, even months, and is dependent on the asset, the trend in other existing positions of that swing trade. And so swing traders are a little bit more more discipline, more patient, and are looking to have returns not immediately but over a course a period of time that is a lot longer. So we're talking about several days, weeks, and months. Now. I didn't put this one in here, but the fourth one would

be an investor. You're right, you're the You are an investor. That's your type of investment, right. You are an investor, and that means that's your long term right, So you're looking at holding positions from anywhere from two to five to ten to twenty thirty years. So we want to make sure if we're going to be involved in trading, we figure out what is our palate for trading. I will personally tell you I don't have the stomach for scalping. I don't have the time for it. I got too

many calls, I got too many meetings. I wouldn't succeed at scalping right day trading again, I'm traveling a lot, moving around a lot. When I was at work, it was tough. I got kids, I'm trying to teach them how to skip and hop and hula hoop, and it was too much. Right, I can't concentrate on it. Swing trading. I was like, okay, I can give that a try.

You know what, I need more time than a week, right, especially how I like to do what I like to do my research, take my time, make the investment, and watch it flourish. And I'm pretty good at watching my flourish. And we'll come back to that. I feel like that when I said I'm coming back to that, We're gonna come back to that, though. I'm gonna show you how they flourish, all right, So figure out who you are before you treat.

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