You look like a...
SWING TRADER
As someone who likes simplicity, you don’t understand why people like to overcomplicate things. Clarity and straightforward questions are the way to go.
You don’t mind getting less as long as it's hassle-free. At the same time, you prefer to be in action regularly instead of being idle in the market.
Just keep it simple and chill, right?
Most successful swing traders share these traits with you.
What Exactly Is
SWING TRADING?
Swing traders focus on short-term movements in the market and typically hold their positions for a few days to a few weeks.
A straightforward trading style that pre-determines your entry and exit points in advance, it only requires a couple of hours a week and complements well into your weekly routine. You'll be actively monitoring and trading the short term swings of the chart movement.
If you’re looking for something more leisurely-paced compared to intraday trading, but feel that trend & investing is a bit too slow-paced, swing trading may be your cup of tea (or coffee)!
Is swing trading for me?
BASED ON THE ANSWERS YOU CHOSE,
PERSONALITY
Swing trading appears to fit your personality
TIME
You can commit the time to make swing trading work for you (at least a few hours per week)
RETURNS
It can realistically achieve your expected returns (24-60% returns per year)
Stastistically, swing trading will help you generate around 24-60% of returns per year when you're competent and disciplined, as you are capitalising on the short term movements of the market.
The REALITY of trading styles
Things to Note
Important:
Although swing trading appears the most suitable for you, this is not cast in stone. In reality, most traders and investors master a few trading styles that they use simultaneously or seasonally depending on the market condition.
Therefore, there is no absolute best trading style, only the most appropriate according to your personality, time commitment, expected returns, lifestyle and also the market condition.
Understanding different trading styles and knowing when to use them is key.
