Different Trading Styles and Picking The Right Style For You!

Trades happen across many different timeframes.

DayTraders tend to focus on lower timeframes like the 1m, 5m or 15m charts as they want to be in and out very fast and lock in their returns inside the trading day. (Buy Nearest Expiration Options)

Trading system like Momentum Options trading system can help you identify in real-time day trading setups and even generate a trading plan for you! 

TrendTraders (Overnight Swing Traders) tend to watch mid timeframes like 30m/1h/4h as they provide a good context to where price might be going over the next day or so. (Buy Options 1 Week Out)

SwingTraders must focus on the higher timeframes only. What happens inside the day from 5m candle to 5m candle doesn't concern you so much because you are trying to capitalize on a move that takes much longer to play out (days, weeks or even months). (Buy Options 4-6 weeks out, Spreads 2-6 weeks out, or even LEAPS and shares).

Successful traders use powerful trading algorithms just like our newest trading system, SwingTrader to help them easily find medium-long term opportunities! 

Selecting the right trading style for you may come down to a few different factors such as how much time you have to look at charts in the day, how much capital you're starting with or even what the current market environment is like.

As you cultivate your skills and grow your account you may even learn you like to do all three, after-all making money during market hours is awesome, making it grow while you sleep is even better and learning to make your capital work for you over the long term at the same time is key building real wealth and not just income!

The truth is all of these styles and different trading methods really go hand in hand. It shouldn't surprise you that the stocks that are giving signals for long term swings also tend to be the ones that give signals for overnight swings and go on the biggest and best price runs intra-day which offer day traders great moves as well.. The better you understand and can identify direction the better you will be able to capitalize on that movement!

Which trading style do you like best? Comment below! :)