What Are Different Types of Stocks Traders?
Types of Stocks Traders: Scalper Traders, Day Traders and Swing Traders
There are different types of Stocks traders depending on the amount of time that they hold their open stock trades.
These stocks traders also use different chart timeframes to place their stock trades.
The different types of stocks traders are:
- Scalpers
- Day stocks traders
- Swing stocks traders
- Position stocks traders
Stock Trading Scalpers
Stocks Trading scalpers are the traders that hold on to their open stock trades for only a few minutes. With objective of making small amounts of pips as profit, 10 to 20 pips.
Stocks Trading scalpers make many trades in one day, stocks trading during the busiest times of the day.
Scalpers are stocks traders that can make quick stocks decisions.
Stocks Trading Scalpers use 1 minute charts and 5 minutes charts to place their trades. They use 5 min chart to determine the trend, if it going up or down, then use 1 min chart to decide their entry & exit points.
Day Traders
Stocks Day Traders are the traders who hold on to their open trades for a few hours but not more than a day. With the aim of making quite a number of pips profit, 30 to 70 pips
Day stocks traders make 1 or 3 trades in one day, stocks trading during the busiest market hours of the day & they do not hold their open stock trades overnight.
Day stocks traders use 15 min charts and 1 hour stocks charts to lace their stock trades. They use 1 hour stocks chart to determine the trend, if it going up or down, then use 15 min chart to decide their entry & exit points.
Swing Traders
These are the traders that hold on to their open stock trades for few days to a week. With main objective of making a big amount of pips, 100 to 300 pips
Swing stocks traders make an average of 2 to 5 trades in one week, holding onto their open stock trades overnight. Stocks Trading swing trading requires stocks traders who are patient.
Swing stocks traders use 1 hour stock trading charts and 4 hour stocks charts to place their stock trades. They use 4 hour stocks charts to determine the trend, if it going up or down, then use 1 hour chart to decide their entry and exit.
Position stocks traders
These are the traders who hold onto their trades for weeks or months. With the aim of making a large amount of pips, 300 to 800 pips.
Position stocks traders make an average of 2 to 5 trades in a year, Position trading requires stocks traders who are patient, experienced & have huge account balances that can withstand huge drawdowns.
Position stocks traders use 1 day and weekly stocks charts to put their trades. They use weekly stocks charts to determine the stocks trend, if it going up or down, then use 1 day stocks chart to decide their entry and exit.
What type of stocks trader is the best?
The most popular type of Stocks trader is the stocks day trader & stocks swing trader. When starting its best to try stocks day trading & with some experience try stocks trading swing trading. These stocks methods are most suitable for beginner traders.
Scalping stocks is also popular among stock traders.
Position stocks is not very popular because this type of trading requires a huge stocks account balance and sometime it can result to huge stocks trading draw downs.
What Are Different Types of Stocks Traders? - What are the Different Types of Stock? - Types of Stocks Trade Styles - How Many Types of Stocks are There?
