I’ve done both and made money doing both. Here’s how I see the fight.
Day traders are those that buy and sell a stock, futures, options, or Forex and liquidate before the day ends. Swing traders will likely hold the position 1-5 days.
Day traders will talk about how they close out all their positions at the end of the day so they don’t have any risk overnight.
Swing traders will retort that they do take more risk overnight but they will also often be making money over night. Making money while they sleep!
Swing traders will talk about how they make more money on average than a day trader. The day trader will respond by pointing out that the swing trader takes only a few trades to the many trades a day trader takes.
In the final analysis, I prefer swing trading to day trading because I don’t have the patience to stare at a screen for hours each day. Seems more like a job than a way to make money.
To me, one of the most important aspects of trading is the ability to NOT spend time trading! To live your life instead of having a job.
Twice a day I put out my action swing trades in stock and options. I’ve been crushing it! You can learn more by clicking here.
Yes, you can make a living as a trader!