【转载】Day Trading vs. Swing Trading vs. Position Trading

williamwoo

转自FOREX FACTORY FORUMS

The subject for today is the same as the title of this thread!!! Day vs. Swing vs. Position Trading - Which style do you use, and which style SHOULD you be using!

For those not in the know, I will go through a simple explanation of each:

Day Trading:

Also known as 'Intraday', positions are usually entered & exited within the same trading day. Obviously scalping fits into this category. Traders in general are interested in quicker, smaller amounts and making multiple trades per day.

Swing Trading:

Swing trading is typically a short to intermediate term trend following system lasting anywhere from 1 to 30 days. Traders who swing trade typically look for trend reversals & retracements for their entry/exit points.

Position Trading:

Position trading, also known as 'trend trading', can best be described as a 'buy and hold' method. Positions can be open for a few days, a few weeks, a few months or longer. They are also held during periods of minor retracement with the expectation that they will eventually continue trending in the desired direction.

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With that out of the way, let's look at some of the pros & cons of each of these types of trading. I know I won't get them all, so please feel free to add your own ideas of pros/cons, or your own opinions if you disagree. We can update this list as we go...

Intraday Trading

Pros:
- Smaller take profit target = Smaller risk per trade.
- Because of the amount of trades being placed, compounding has a greater effect on your overall profits.
- You can make money faster.
- Makes you 'Feel Good'. Can be a rush! (Is this really a pro?)
- Allows you to always be actively participating in the market (Is this a pro?)
- Because of the last two, traders can exhibit addictive behaviour (gambling).
- Because most positions are closed out at the end of the day, able to take advantage of interest earned in their account.
- Risk control - positions are closed out overnight so unexpected market changes will not affect your bottom line.

Cons:
- Spread has a larger effect on your overall profits.
- You can lose money faster.
- Very difficult to learn - by some estimates less than 1% of traders become successful.
- Time consuming - very difficult to trade properly if you have a full-time job.
- Fast pace & necessary concentration can make day trading very stressful.
- Extremely Risky! Traders can lose a substantial amount of money in a very short period of time.
- Discipline, proper money management, risk/reward and a profitable system are a lot more important when day trading. Even a small mistake can result in a huge loss.
- Can be harder to predict the market.


Swing Trading

Pros:
- Manageable take profit and stop losses.
- Easier to learn than day trading - higher success rate than day trading.
- Spread has less of an impact into overall profits than day trading.
- Less time involved in actively trading - it is not necessary to 'babysit' your trades.
- Can be worked around a regular job - a couple of hours per day should suffice.
- Less stressful than intraday trading.

Cons:
- Can be difficult to learn and become profitable.
- While it requires less time than day-trading, preparation and analyzing the markets is still necessary and can be time consuming. Tending your positions daily is a must!
- Some traders have a tendency to develop emotional attachments to a trade.
- Discipline and keeping emotions in check are very important. It is not uncommon to exit on a retrace or trend change only to have the market immediately change back and head in the original direction.

Position Trading

Pros:
- The most forgiving type of trading - small mistakes are more easily absorbed in market movement and the size of your eventual profit.
- The easiest to learn. It is estimated that up to 25% of position traders learn to become profitable.
- Less stressful than intraday or swing trading.
- Easier to become successful with smaller startup capital.
- Much easier to predict the market as in general you will be following the overall trend.
- In general position trading is the most profitable.
- Less time consuming than day trading.

Cons:
- Compounding has a lot less effect on profit than both intraday and swing trading.
- Because positions can be highly leveraged and trades remain open for extended periods of time, unable to reap consistent benefits of interest.
- There is inherent risk in keeping positions open over night. It is quite possible for drastic changes to occur in the market while you sleep.
- Money can be tied up for an extended period of time. This can prevent entry into new positions as they arise.
- Because of the length of time involved in position trading, traders can experience significant drawdown with the expectation that it will turn around and start trending back in the desired direction. Psychologically this can have a very negative effect.



SUMMARY

While position trading is more profitable, day trading is less risky. The emotional element (discipline and self control) is also of more significance while day trading. The higher the time-frame, the better the chance to succeed and become profitable overall.


Which style appeals to you? Which are you now actively trading? Do you think some changes should be made?

williamwoo

懒得打字，借百度翻译一下，有些翻译的不准确请见谅

今天的主题是这个帖子的标题一样！！！日内交易vs波段交易vs.头寸交易（趋势交易）-你使用哪种风格，你应该使用哪种风格？！
对于那些不知道的，我将通过每一个简单的解释：

日内交易：
也被称为“盘中”，头寸通常在同一交易日内进入和退出。显然，倒卖符合这个类别。一般交易者对更快、更小的交易量和每天做多个交易感兴趣。

波段交易：
摆动交易通常是一种短期至中期趋势跟踪系统，从1天到30天不等。商人展开贸易通常寻找他们的入口/出口点趋势的反转和回调。

头寸交易，
也被称为“趋势交易”，可以被最好地描述为买入和持有的方法。头寸可以开几天，几周，几个月或更长的时间。他们也在轻微的回调时期望，他们最终还是会继续在希望的走向的时期进去。
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既然如此，让我们看看这些交易中的每一种利弊。我知道我不会得到所有的，所以如果你不同意，请随意添加你自己的优点/缺点，或者你自己的观点。我们可以更新这个列表

日内交易
赞成的意见:
小以利润目标=风险较小的贸易。
-由于交易数量的增加，复利对你的整体利润有更大的影响。
-你可以更快地赚钱。
-让你感觉很好。可能是匆忙！（这真的是职业选手吗？）
-让你总是积极参与市场（这是亲吗？）
因为最后两，交易者可以表现出上瘾行为（赌博）。
因为大多数在一天结束时都被关闭，能够利用他们账户上的利息。
-风险控制-仓位在一夜之间关闭，所以意料之外的市场变化不会影响你的底线。

反对的意见
传播对你的整体利润影响较大。
-你可以更快地赔钱。
-很难学习-据估计，不到1%的交易者会成功。
-时间-正确的交易如果你有一份全职工作很难。
快的步伐和必要的浓度可以使一天的交易非常紧张。
-极度危险！交易者可以在很短的时间内失去大量的金钱。
-纪律，适当的资金管理，风险/回报和有利可图的系统在日常交易中更为重要。即使是一个小小的错误可能会导致巨大的损失。
-更难预测市场。

波段交易
赞成的意见:
-管理获利和止损。
-更容易学习一天比一天的交易比交易成功率高。
传播少了影响到整体利润超过一天的交易。
更少的时间积极参与交易，这是没有必要的照顾你的交易。
可曾在例行工作几小时每天应该足够了。
-比盘中交易压力小。

反对意见:
-很难学习和变得有利可图。
虽然它比日间交易需要更少的时间，但准备和分析市场仍然是必要的，而且可能会耗费时间。每天注意你的位置是必须的！
一些交易员都倾向于发展贸易的情感依恋。
纪律和控制情绪是非常重要的。在回扫或趋势变化时退出市场并不少见，只有市场立即改变并朝原方向前进。

头寸交易
赞成的意见:
-最宽容的交易类型——小错误更容易被市场运动和最终利润的大小所吸收。
-最容易学的。据估计，多达25%的仓位交易者学会变得有利可图。
比盘中或短线交易压力较小。
更容易成为成功的较小的启动资金。
-更容易预测市场，一般来说，你会跟随整体趋势。
在一般的位置是最有利可图的交易。
-更短的时间比日内交易。

反对意见:
组合中有很多对利润的影响小于日内和短线交易。
-由于持仓量高，交易期限较长，无法获得持续的利息收益。
有在保持仓位开过夜的固有风险。而你的睡眠时，完全有可能市场在发生急剧变化。
钱可以绑在较长的一段时间。这可以防止进入新的位置出现时。
-由于头寸交易时间的长短，交易者可以经历显著的下跌，期望它会掉头并开始趋向于预期的方向。这种心理可以有一个非常消极的影响。

fxzoz

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阿建GG

看来我算是波段交易者

williamwoo

阿建GG 发表于 2017-9-28 13:25
看来我算是波段交易者

可以深入的探讨一下

st_trader

swing's safer in stock （it all depends）forex probably based about the same holding from days to week

紫禁城

政委 Dukascopy可以做黄金吗  他家的平台对黄金有什么限制没

williamwoo

紫禁城 发表于 2018-2-27 21:19
政委 Dukascopy可以做黄金吗  他家的平台对黄金有什么限制没

可以做黄金，很多品种，包罗万象，没什么限制

研究者

算来也就这几种