What kind of trader are you?

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What kind of trader are you?

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

Trader profile	Day trader	Swing trader	Position trader (aka HODLER)
Time intervals used	Short Time Intervals (15m)	Intermediate Time Intervals (1h, 4h, 12h, 1d)	Longer Time Intervals (1d, 1wk, 1mo)
Trade frequency	Dozens of trades per day	Fewer trades (1-10 a day)	Few trades (~20 a year)
Trading strategies	Too 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 well	Trend following (SMA or EMA crossovers) Often suplemented with fundamental outlook
Pros	Potential 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
Cons	Very 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 expenses	High	Medium	Low