How To Know Which Trading Style Suits You?

 

How To Know Which Trading Style Suits You ?

By – Inncome India Academy

What Kind Of Trader You Are ? What Style Suits Your ? Let’s See How To Look Into Yourself First -:

Stock Market is a that kind of place where you get bundle of Opportunities Everyday to earn money, But to earn money in stock market and grab those opportunities You Have To Look Into Yourself And Choose Which Types Of Opportunities Suits You The Most And Give You More Results.

For Example -: We have our Indian Cricket team where we have playing 11. Some of them are good in Batting, Some are good in Bowling And some are even good in Fielding. So they practice only that specific niche to improve themselves more thier field. And Same Thing Is Applied In Trading Too, You Have To Practice Where You Are Perfect To Get Better Results.

 

Kind Of Traders Stock Market Have -:

• Scalpers -: 

A Scalper is a Intraday trader who Donot wait for the market to give a Bigger Move, he takes an entry into market for some Few Seconds To Few Minutes where he can book a very small amount of move with some Decent Profits in those Couple Of Minutes.

1. Only Patientless People Who Can’t Handle There Emotions Long Enough Choose This Trading Style.
2. Scalping Is A High Risk High Reward Style
3. It Should Be Done In Smaller Timeframe Only Eg-: 1 Min, 3 Min
4. You Need To Understand That Your Target And Stop Losses Would Be Negligible. 

• Intraday Traders -:

Our Indian Market have trading hours from 9:15 AM To 3:30 PM. And when you enter and exit, a trade between any day’s trading hours is called intraday trading. An Intraday Trader has whole day to hold his trades to get some good decent amount of profits.

1. You Have To Control Your Emotions Till You Hold The Trade.
2. Patience plays an important role here.
3. Intraday Trading Is Also A High Risk High Reward Game but Here Risk Is Less than Scalping.
4. Preffered Timeframes for Intraday Trading Are 5 Min, 15 Min.
5. Targets And Stoploss Are Placed At Higher Point Comparing to Scalping.

• Swing Traders -:

When a Trader holds his positions more than one day then that trade is counted in the section of Swing Trading. the risk in swing trading is on the lower side compared to intraday trading, As A Trader can hold his losing trades till he stock gives a good return.

1. Patience Plays An Important Role Here Too.
2. The Risk In Swing Trading Is In The Lower Side Compared To Intraday Trading,
3. Preffered TimeFrames For A Swing Trader Are 1 Hour, 1 Day.
4. Swing Trader Holds Their Positions For Big Targets And Try o Capture A Big Rally In The Markets.

• Positional Trader (Investor) -:

 Positional trader buys an investment for the long term in the expectation that it will appreciate in value. This type of trader is less concerned with short-term fluctuations in price and the news of the day unless they alter the trader’s long term view of the position.

1. Patience And Emotions Doesn’t Play Any Role Here As They Invest And Forget About Trade For Years.
2. Long Term Investment Have Very Low Risk And Low Reward Ratio.
3. Preferred Timeframes For Investing Are Weekly And Monthly.

 

CONCLUSION

So, These are the kind of trader our markets have. You have to choose which one you are and according to that you have to practice and give your day there to improve yourself Day-By-Day.

Thankyou So Much. (Don’t Forget To Share)