Day Trading vs Swing Trading: Why I Changed My Mind

Now, we’ve discussed this many times before, but something Peter said on a call with traders made me think… (Peter’s a trading veteran who hosts group calls in our community.)

He said “I would ban day trading for all new traders.”

Now, in typical Peter fashion he doesn’t mince his words, but what he was really saying was this…

If you’re a new trader, the speed of decision making, and the chances for things to go badly wrong, increase massively when day trading.

So, slow things down until you learn the ropes.

And there’s something to that…

One of the advantages of day trading is you get loads of reps in right?

More reps = more chances to learn and build those decision making muscles.

But the trade off is that if you get it wrong… things can get nasty very quickly.

Swing trading on the other hand is slower, calmer, with less chance to make impulsive tilt-inducing decisions. But you don’t get the rep frequency.

Anyway, I’m not here to sway you one way or the other. Just thinking out loud…

But I decided to record a podcast episode on it.

Maybe it helps you, or someone you know trying to figure out where they sit on the timeframes.

And yes… despite it not being clear cut, I do eventually stake my flag in one place.