Video: Are You a Swing Trader or Position Trader?
Topics covered on this video
In this special video, trading coach Jerry Robinson explains the three most popular trading styles used by traders all over the world.
These three trading styles include: Position Trading, Swing Trading, and Day Trading.
Position traders are longer-term traders that focus on capturing the majority of a new uptrend. They primarily rely on weekly charts to identify buy and sell signals and use daily charts to help refine their entries and exits. Because they will spend months (or even a year or two) holding a position, the successful position trader will often combine technical and fundamental analysis to find new and emerging trading opportunities.
Swing traders are shorter-term traders that focus on exploiting near-term deviations in an existing and established uptrend. Instead of getting in as soon as a new major uptrend begins (like the position trader), the swing trader seeks out established uptrends that have recently pulled back. These pullbacks (or “swing lows”) provide the swing trader with an opportunity to profit by buying and holding the stock or ETF for anywhere from a few days to a few weeks. Swing traders primarily rely on daily charts to identify buy and sell signals and use intraday charts to help refine their entries and exits. Because they only hold a position for a few days — and rarely more than a couple of weeks) they tend to focus less on fundamental analysis and more on technical analysis to find new and emerging trading opportunities.
Finally, Day traders are ultra short-term traders that focus on exploiting intraday trading opportunities. They primarily rely on daily and/or intraday charts to identify buy and sell signals and use intraday charts to help refine their entries and exits. Because they rarely hold a trading position overnight they tend to focus less on fundamental analysis and more on technical analysis to find new and emerging trading opportunities.
Learn more about the key differences between position traders, swing traders, and day traders in this insightful video by trading coach, Jerry Robinson.
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