Author: Dave
Penny Stock
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Psychology of trading
Psychology of trading Whether you base your training on fundamental or technical analysis, political or economic trends, or just simple faith. The key to becoming a successful trader is to develop the right mindset. Day trading requires you to be disciplined. You have to make quick decisions whether to buy or sell a stock and when to exit a losing trade for a loss.... This content is for Basic Level, Pro, and Standard members only.Login Join Now
Day Trading Vs. Swing Trading
Day Trading Vs. Swing Trading Who is a day trader? A day trader is a person who buys and then sells the same stock in one day. For example, if you purchase Tesla. (ticker: TSLA) you will not keep it overnight and sell it the following day. If you hold a stock overnight and then sell it longer than a day. It is no longer a day trade, it’s now considered as a swing trade. Swing Trading Swing trading is a form of trading in which you hold a stock for more than a day, in some cases weeks, up to several months. This style of trading is completely different from day trading and the tools and method used for swing trading shouldn’t be used for day trading. KEYS Day traders close all their position by the end of the day Swing traders keep their position for a couple of days up to several months. Day traders use technical analysis and charting systems to make many trades in a single day. Traders should choose the strategy that complements their skills, preferences, and lifestyle.... This content is for Basic Level, Pro, and Standard members only.Login Join Now