Welcome to the Types of Traders lesson where coach Daniel gives an overview of the different types of traders, so you can decide which type of trading suits you best. Stay informed, trade well!
TIMESTAMPS
00:01 – INTRO
00:32 – UTILITY
There are four main styles of trading:
You can be all types of traders simultaneously to maximize your profits.
01:40 – IMPLEMENTATION
Scalp trading is down to very low time frames.
Day trading is typically around the 30-minute time frame up to the 4-hour time frame.
Swing traders are using the 4-hour time frame up to the Daily and Weekly.
Position traders / investors typically use the Weekly time frame or greater.
There is no right or wrong style of trading, as most styles of trading make similar profits.
If you are at the PC for long periods of time, enjoy gaming or have good knowledge of computers, then Scalp Trading is a great option.
Swing Trading is more for people with families, busy lives or overall life commitments because this is a more relaxed style of trading that requires less time at the computer.
Day Trading falls in the middle of these two, it is up to YOU to decide what is best for you.
🔎 11:40 Scalp traders will have to use much more technical tools, such as Orderflow to make good entries. Discipline plays a key role in your success no matter what style.
🔎 14:23 Links for helpful lessons:
Scalp Traders start here:
https://portal.chartchampions.com/lesson/severin-scalping-strategy
Day Traders start here:
https://portal.chartchampions.com/lesson/daytrading-strategy
Swing Traders start here:
https://portal.chartchampions.com/lesson/swing-trading
15:05 – TIPS & TRICKS
★ Swing traders can still use scalp trader tactics for their entries.
★ Learning how to trade all styles is extremely beneficial.
★ Choose the type of trader you want to be based on the amount of time you have available and how long you like to spend at the PC.
17:56 – FINAL THOUGHTS