Intraday trading vs. Investing
Feb 22, 2022Day traders can ride the momentum as a result of the news: Today, news regarding Russia - Ukraine conflicts continue. Some stock investors are threatened with this news and had already moved to the sideline thus contributing to the downward spiral of the market. On the other hand, intraday traders are still able to crush the market since we capitalize on the small, quick move by taking enough share size based on individual risk tolerance.
For intraday traders, playing via a strong or weak stock that has a catalyst for the day is the key, no matter market conditions we are in. This could be bear, bull consolidation market conditions, taking profit is still possible. We take what the market is giving us for the day.
Today's accuracy at 50%, 4/8 green trades. Not the best trading day with a couple of false break out, break down and shake outs. I will call it a day and take what the market is giving me.
So, which one is better? To be an intraday trader or to be an investor? Our portfolio should consist of both. Intraday trading is an income generator while investing is a wealth generator. But always stick to the basics of: "Never turning a day trade to a swing or a long-term investment". Intraday trading and swing trading also investing are totally different forms of accumulating wealth that requires a totally different strategies.
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