What kind of trader are you?

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What kind of trader are you?

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altFINS can help active traders regardless of their trading style or preference.

 

Trader profile

Day trader

Swing trader

            Position trader                (aka HODLER)

Time intervals usedShort Time Intervals (1m, 5m, 15m)Intermediate Time Intervals (1h, 4h, 12h, 1d)Longer Time Intervals (1d, 1wk, 1mo)
Trade frequencyDozens of trades per dayFewer trades (1-10 a day)Few trades (~20 a year)
Trading strategiesToo many to list

Heavily reliant on technical analysis, and reading of candle patterns

Tends to look for multi-day chart patterns including moving average crossovers, cup-and-handle patterns, head and shoulders patterns, flags, and triangles. Key reversal candlesticks may be used as wellTrend following (SMA or EMA crossovers)

Often suplemented with fundamental outlook

ProsPotential for large profits

Lots of trades allow for quicker learning process if risk is managed (proper position sizing, use of stop loss orders, etc.)

 

Requires less time than Day Trading

Maximizes short-term profit potential by capturing most of market swings

Traders can rely entirely on technical analysis, simplifying the trading process

Lowest time commitment needed.

Works well in markets with sustained trends (equities, commodities) where technical analysis can be sumplemented with fundamental analysis

ConsVery time consuming, stressful.  Prone to more false signals

Compete with automated algos, high frequency trading (HFT) systems, hedge funds.

Abrupt market reversals can result in substantial losses

Swing traders often miss longer-term trends in favor of short-term market moves

Does not work well in volatile markets like cryptocurrencies, where fundamental valuations are not well established
Commission expensesHighMediumLow