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I've been observing how each person in trading eventually finds their own path, and the truth is there is no single correct style. What works for one person can be a disaster for another, it all depends on how much time you have available, how much risk you can tolerate, and what goals you pursue.
I've seen traders who literally stay glued to the screen throughout the entire session. Day traders close everything before the day ends, no exceptions, because they don't want nighttime surprises. These guys usually trade stocks and forex because of their liquidity. Some use range strategies, taking advantage of those rebounds between support and resistance levels, while others go more for high-frequency trading with algorithms.
Then there are swing traders, who in my opinion have a more relaxed approach. They keep positions open for days or weeks, combining technical charts with economic news. They aim to catch those medium moves that others miss. Some follow established trends, others play mean reversion.
Now, if we talk about patience, position traders are a different breed. They buy and forget for months or even years. These guys study macroeconomics seriously, looking for undervalued assets with real potential. It’s investing, not speculation.
And then there are scalpers, who frankly seem crazy in a good way. They want to profit from movements lasting seconds or minutes. They need fast platforms, total focus, and brutal risk discipline. They analyze order flow or use bots to catch those micro-opportunities.
The interesting thing is that each of these trading types requires different skills and mentalities. It’s not just about choosing one because it sounds cool, but about truly understanding which one fits your real life. How many hours can you dedicate? How much volatility can you emotionally handle? What kind of returns are you seeking? The answers to these questions determine your path.