I am torn between what type of trading to focus on. The involvement in scalping is appealing, yet swing trading would work better for my schedule. I’ve gotten the impression that scalping is something that should be done by more seasoned traders, and that learning swing trading a good place to start. Is this the case? What are yall’s opinions?
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The way i see it as a beginner swing trading is he best option is much safer and it helps you to be patience and have good timing.
You are VERY correct, swing trading is hard enough, but scalping as a beginner is borderline suicidal.
Still, even with swing trading best to master it on a demo account first.
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Best advice I can give is trade end of day with a small real money account to learn the emotions at a slower pace and practise scalp on a demo
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I would advise doing what works around your schedule, if you are always rushing, getting stressed over management of your trades the mindset and emotions take over and thats not a good recipe to have!
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That was one thing I was really worried about! If i tried to scalp during peak times I would probably get pulled away often and LOSE TRADES!!
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I think you have answered your own question lol
Bu yes, if you cant be focused on the charts/trades then scalping is probably not the best place to start from. Scalping is a lot more pressured to imo
Initially, I tried swing trading, but eventually got impatient because I could not watch the entire daily sessions. So later, I switched to daytrading down to the 5 min and 1 min bars. I tried some “scalping” methods using low range or renko bars, and that was a mess. So now I use 5min or less bars with a 15 min or 30 min extra chart to gauge the session’s intraday overall behavior.
Generally I think it’s valuable for those new trading smaller time frames such as 5min, because chart behavior is often fractal where on a daily chart, patterns and behavior can look similar to how a 5min(or sometimes smaller) price action plays out and vice versa. So while on sim, or on tiny leverage a newcomer could still get plenty of practice, where they might not get as much otherwise if waiting on day bars to form swing trading, if trying to learn to trade on the chart local smaller time frame swings which is still markedly different from tick, footprint, dom level, or orderflow scalping.