I have been day trading and investing for 5+ years with good amount of success. At the end of 2020 I had made almost 1Million in investing profits and 6 figures in day trading profits but 2022 has been rough.
My investing portfolio is down 70% ytd and I have not made much money day trading this year as the market as been very slow for micro caps.
I believe swing trading is a happy medium between investing and day trading.
Benefits of swing trading
-Unlike investing which is subject to market drops and corrections, your down sided is protected by your stops
-Slower paced than day trading
-If you only go long, you can do it without paying for comissions, locate fee, scanning or charting software. I use free finviz for scanning
-Not restricted by PTD
-Can very easily be done part time
-Your entries are not close to your stop most of the time like day trading so its psychologically much easier
-You are not dealing with super volatile low float stocks, circuit halts, manipulation and other similar challanges which you deal in day trading
-Not labour intensive like day trading, you dont have to sit in front of your screens for hours everyday
-No expensive computer hardware needed. A cheap laptop and smartphone are all you need
I think all new tradres should start with swing trading and take it from there. Lets see how it goes. Wish me luck
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