Which type of trader are you???

[Glow]

After aquring the adequate and appropriate knowledge needed for trading the next thing to do is choosing the best trading style that suits you and everyone should have a type which fits him or her so well that you are able to do other things as well,
I'm still pretty new to the trading game, currently working with a small account and focusing on scalping for now. Lately, I've been trying to improve my entries and exits by using support/resistance, watching multiple timeframes, and just being more patient and disciplined overall.

I've seen there are different types of traders out there, and I'm really curious which one are you, and why does that style work for you in the altcoin and bitcoin market?
Here's a quick breakdown of the main types I’ve come across:
1)Scalper: In and out within minutes, taking small but frequent profits. Fast-paced, high focus.

2)Day Trader: All trades closed by the end of the day. No overnight stress.

3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

5)Breakout Trader: Waits for strong moves out of key levels and rides the momentum.

6)News/Fundamental Trader: Makes moves based on big news or updates (like listings or partnerships).

Right now, I am on MEXC and still figuring out what fits me long-term. Iwould love to hear what style you trade, whats working for you (especially with altcoins), and maybe any tips you have picked up along the way.

[Charles-Tim]

Right now, I’m on MEXC and still figuring out what fits me long-term. I’d love to hear what style you trade, what’s working for you (especially with altcoins), and maybe any tips you’ve picked up along the way.

If you are looking for long term, why not just hold your coins on noncustodial wallet. I am not recommending altcoins but just bitcoin.

I have tried all but swing trading has been the best if trading bitcoin. Not the best for altcoins while altcoin trading is not advisable unless you know how whales manipulate with altcoins and been able to bear the risks.

[Glow]

Right now, I’m on MEXC and still figuring out what fits me long-term. I’d love to hear what style you trade, what’s working for you (especially with altcoins), and maybe any tips you’ve picked up along the way.

If you are looking for long term, why not just hold your coins on noncustodial wallet. I am not recommending altcoins but just bitcoin.

I have tried all but swing trading has been the best if trading bitcoin. Not the best for altcoins while altcoin trading is not advisable unless you know how whales manipulate with altcoins and been able to bear the risks.

That's true but since am trading a small account the bitcoin will not be transferable, it will not be upto the minimum transferable amount if not that would be the best for long term amd thats why i am scalping for now i am interested in trading and hopefully i can grow my small account to be able to purchase enough bitcoin as investment.

[target]

3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

I thought I am Swing trader only. But I have been holding some of my coins for a very long time already I still have them since 2018.  No pressure since the tokens are not scam and they still have more value than when the time I bought them.

There are tokens that I sold and never bought back anymore though. Some how I'm moving forward to new tokens that has long term especially when its marketing is continuous like the Vechain.

[Glow]

3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

I thought I am Swing trader only. But I have been holding some of my coins for a very long time already I still have them since 2018.  No pressure since the tokens are not scam and they still have more value than when the time I bought them.

There are tokens that I sold and never bought back anymore though. Some how I'm moving forward to new tokens that has long term especially when its marketing is continuous like the Vechain.

So you are a long term or position trader too then which is nice because you can spend less time worrying and studying the price actions and still be making profits,that's nice and wise too.

[BitMaxz]

Scalping is pretty bad to me and it doesn't work well if you do scalping with BTC because the price movement of BTC is pretty slim even I have a win rate all my profit goes to the makers and takers fee.
Scalping only works on mostly new and hot coins compared to BTC. These new coins have large price movements. Even if you have a small margin, you can make a profit without worrying about the fees.

I only do scalping if it is within the pattern, like bullish or bearish flag but to me, with high risk ratio, swing trading is the best for me good for holding a weekly position.
I'm too bored to keep watching the market I can't survive long on the PC waiting for the patterns and I've wasted so much time keep analyzing the market for long period of time just to scalp a small target profit.
Unlike swing trading, there is less noise; you can even make a 1:5 to 1:8 ratio scalping; you can only do a 1:2 or 1:3 ratio. If you don't discipline yourself, you might end up losing the entire capital.
So I stick with swing trading for now. I am still practicing my scalping with paper money. If I saw an 80% win rate on my strategy, I might include scalping on a daily basis.

[Glow]

Scalping is pretty bad to me and it doesn't work well if you do scalping with BTC because the price movement of BTC is pretty slim even I have a win rate all my profit goes to the makers and takers fee.
Scalping only works on mostly new and hot coins compared to BTC. These new coins have large price movements. Even if you have a small margin, you can make a profit without worrying about the fees.

I only do scalping if it is within the pattern, like bullish or bearish flag but to me, with high risk ratio, swing trading is the best for me good for holding a weekly position.
I'm too bored to keep watching the market I can't survive long on the PC waiting for the patterns and I've wasted so much time keep analyzing the market for long period of time just to scalp a small target profit.
Unlike swing trading, there is less noise; you can even make a 1:5 to 1:8 ratio scalping; you can only do a 1:2 or 1:3 ratio. If you don't discipline yourself, you might end up losing the entire capital.
So I stick with swing trading for now. I am still practicing my scalping with paper money. If I saw an 80% win rate on my strategy, I might include scalping on a daily basis.

Yeah I would love to try swing trading for the reasons you have mentioned but my capital won't be able to withstand the drawdown that occurs unexpectedly and I am also scared I might be caught in the liquidity sweep which might lead to stop out or losing money bit by bit until I uqve to top-up again that's why I scalp but when I have grown my account sufficient for the swing trading I am most definitely going to try it out.

[Mr. Magkaisa]

        -       Everything you mentioned op, I do as traders and not just in all cases, depending on my mood in the trading activity I will do. And depending on the movement of the market here in cryptocurrency or bitcoin.

Like now in the day trade activity what I do, in the spot is thru swing trade and futures trade is scalping, just need a little monitoring for 1hr only.
After that, I will do day trade.

[Glow]

        -       Everything you mentioned op, I do as traders and not just in all cases, depending on my mood in the trading activity I will do. And depending on the movement of the market here in cryptocurrency or bitcoin.

Like now in the day trade activity what I do, in the spot is thru swing trade and futures trade is scalping, just need a little monitoring for 1hr only.
After that, I will do day trade.

And our of all the types that you do which one is more profitable and fits you the most, but for you to be able to incorporate them all is amazing.

[Asiska02]

Whether day trading, swing trading or even scalper; what matter most is that I’m following my strategy and my strategy is working out for me more than any other thing I would use to close my trades when I’m already in. If my strategy makes my trade to be on a scalp trading perspective, I don’t mind doing it that way, it it’s for a day trading or swing trading, I will not also mind to trade it in that manner.

What matters the most is that at the end of the day is that I’m winning and my trades are giving the result I want. Trading is not something to be fearful of as long as you’re seeing constant result, the confidence will build and you won’t know when you’ll taste to became all type of trading types you’ve listed in your post. Trading altcoins have not been that easy to come about with, so it’s better one stick to what works for them the most.

[Crwth]

I am a mix of scalper, day trader, and swing trader. I have multiple accounts on different exchanges and use other strategies. I like to keep them separate, so I know when to exit a trade. I always manage my risk by putting stop limits and do not assess my emotional connection with trades so I am not affected by short-term movement.

[Glow]

Whether day trading, swing trading or even scalper; what matter most is that I’m following my strategy and my strategy is working out for me more than any other thing I would use to close my trades when I’m already in. If my strategy makes my trade to be on a scalp trading perspective, I don’t mind doing it that way, it it’s for a day trading or swing trading, I will not also mind to trade it in that manner.

What matters the most is that at the end of the day is that I’m winning and my trades are giving the result I want. Trading is not something to be fearful of as long as you’re seeing constant result, the confidence will build and you won’t know when you’ll taste to became all type of trading types you’ve listed in your post. Trading altcoins have not been that easy to come about with, so it’s better one stick to what works for them the most.

You are quite right, although one of the reasons why knowing the type of trader you are is because everyone type has a timeframe that works best for it and every type has a difference in capital requirements like for instance I can't have 10 to 20$ and decide to go swing trading like there isn't enough to withstand drawdown and every timeframe has its movements so with a small account scalping is the ideal then after account growth following your decipline and strategy effectively then that's when you can try other types which are pretty good with a substantial strategy but at the end of the day it's like you said nor matter the types it's a good decipline and strategy that matters.

[LogitechMouse]

---
3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

5)Breakout Trader: Waits for strong moves out of key levels and rides the momentum.
---

I used to be a scalper... for about a month only, and I would say that it's very stressful just like what many are saying. Yes, it only takes a short amount of your time, but the amount of stress that you will get by scalping is very high that I can't take it. Because of this, I commend those professional traders out there that are earning money through scalping. I made money through scalping though, but it isn't worth it with the amount of stress I'm getting.

I'm making a transition now from being a scalper to now a Swing trader. I can call myself as a position trader I guess because I also have long-term holdings like Bitcoin, and some altcoins as well. The "breakout trader" for me is more of a strategy rather than the type of trader because there are traders out there that are using what they call as "TRBO" or Trendline, Breakout as a strategy for them to make money, and it works.

[Glow]

---
3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

5)Breakout Trader: Waits for strong moves out of key levels and rides the momentum.
---

I used to be a scalper... for about a month only, and I would say that it's very stressful just like what many are saying. Yes, it only takes a short amount of your time, but the amount of stress that you will get by scalping is very high that I can't take it. Because of this, I commend those professional traders out there that are earning money through scalping. I made money through scalping though, but it isn't worth it with the amount of stress I'm getting.

I'm making a transition now from being a scalper to now a Swing trader. I can call myself as a position trader I guess because I also have long-term holdings like Bitcoin, and some altcoins as well. The "breakout trader" for me is more of a strategy rather than the type of trader because there are traders out there that are using what they call as "TRBO" or Trendline, Breakout as a strategy for them to make money, and it works.

Scalping is stressful to be honest and you spend a lot of time trying to find the right entry and when you do, you stress out because of what's atstake like those with small account dread to see their capital decrease instead of increasing, but with the right strategy we'll get there hopefully slowly but surely.

[gunhell16]

---
3)Swing Trader: Holding for days or weeks to catch bigger moves. A bit more relaxed.

4)Position Trader: Long-term, patient — riding trends for weeks or even months.

5)Breakout Trader: Waits for strong moves out of key levels and rides the momentum.
---

I used to be a scalper... for about a month only, and I would say that it's very stressful just like what many are saying. Yes, it only takes a short amount of your time, but the amount of stress that you will get by scalping is very high that I can't take it. Because of this, I commend those professional traders out there that are earning money through scalping. I made money through scalping though, but it isn't worth it with the amount of stress I'm getting.

I'm making a transition now from being a scalper to now a Swing trader. I can call myself as a position trader I guess because I also have long-term holdings like Bitcoin, and some altcoins as well. The "breakout trader" for me is more of a strategy rather than the type of trader because there are traders out there that are using what they call as "TRBO" or Trendline, Breakout as a strategy for them to make money, and it works.

Scalping is stressful to be honest and you spend a lot of time trying to find the right entry and when you do, you stress out because of what's atstake like those with small account dread to see their capital decrease instead of increasing, but with the right strategy we'll get there hopefully slowly but surely.

If you don't want to be stressed about trading, don't enter or try scalping activity when it comes to trading here in the crypto space dude. Because most people here know that all the scalpers who make money there have extensive knowledge of trading.

So if you don't have that level of knowledge about trading here in the field of the crypto industry, you will just get liquidated, but if you just enter even as a swing trader, at least you are far from the stressful level I guess.