Day Trading and Swing Trading: Do Day Traders Make More Money Than Swing Traders?

Today’s question is: Do Day Traders Make More Money Than Swing Traders?

Let me answer it this way: it depends if they have mastered their skill. You can be a day trader and make an obnoxious amount of money. You can also be a swing trader, an intermediate or a long-term trader and make an obnoxious amount of money. It doesn’t matter because it’s not about the timeframe that you are trading. It’s also about you.

When I started trading, I would scream at the market and at my monitor. But the problem was not with the stock; it was me. I didn’t understand what the stock wanted to do so I got chopped up.

Nobody makes more money than anybody else unless you’ve mastered your skill.

The Advantage and Disadvantage of Day Trading:
1. Day traders can easily go in and out of trades over and over again for small gains with big share size.

Sometimes, as a day trader, I can go into a trade with big size but I’m only looking to get 30-50 cents. And since I have  huge share size, if I get 50 cents per share, it could amount to a lot of money. With swing trading, I’m not sure if you can trade big share size and not have sleepless nights. With day trading, you can get in and out of the market by the end of the day and take advantage of small gains that accumulate at the end of the day.

However, day traders pay hefty commissions compared to swing traders.

Get a good day trading education if you’re interested in this timeframe.

The Advantage and Disadvantage of Swing Trading:
1. Swing traders can catch gaps. Day traders can only play the gaps after they have happened.
As a day trader, I scan the market before it opens and then I  play the stocks that have already gaped up or down. I don’t catch those gaps because I’m not in the stock before the market opens. I’m flat by the end of the day so I don’t catch those gaps.

So again, it doesn’t matter. If you have mastered the skill, you can make money as a day trader or as a swing trader. I usually tell my traders to be proficient at both. The market is a generous lover. If you know how to listen to what it tells you to do, you can make a lot of money from the market. But the problem with many traders is that they would rather tell the market what he/she wants the market to do. They end up wondering why they can’t make money from the market.

Let’s Look At A Chart To See The Difference

day-trading-and-swing-tradingAs a day trader, I can’t trade a stock that looks like this because it doesn’t really move that much. I would be bored trading something like this. But a swing trader can hold this stock over an extended period of time. Intermediate and long-term traders can also do the same because their timeframe is longer so they don’t really care about the trading range on a day-to-day basis.

So basically, it doesn’t matter what timeframe you hold. If you master your skill and you become proficient and an expert in trading, you can trade the timeframe you want and make good money out of it.

Before you choose a trading timeframe, you might want to learn more about the basics of stock market investing and technical analysis .