Hi
Thought on starting a kind of learning and sharing process on Technical analysis.
I'm nothing more than a rookie, but with so many information on the web, sometimes is difficult to follow and decide what to read.
That's why i decided to make and share my own path on TA. learning from scratch and interpreting my own way. Hope it helps someone.
When i started reading about TA, first thing and more important was to define which kind of trader i wanted to be. I divided traders on three known types - Swing trader; day trader and scalp trader. here's how do i see them:
Swing trader: If you're someone starting, without knowing that much and without much time to check charts more than once per day or even less, you should consider to be a swing trader. Swing trader usualy follow the long temr trends, charting on higher time frames (Monthly, week, day, or even 4H, not less). Swing traders are ok with keeping an open position for days or even weeks. Movements are more easy to spot and with less noise on the analysis.
Day trader: If you have more time, interessted in following the market and make some profits on a daily base, think on being a day trader. More focused on medium term trends of 1-4 hour. Usually positions are open and closed daily.
Scalp trader: taking the most of the small timeframes movements, scalp trader hunts for the short movements, opnening positions and taking profits very fast. I can be perfeclty a profit of 1%. But with a big amout of trades 1% easilly comes a quite substantial amount. But from sclaper I know, you have to be very focused and can be quite stressfull. If you're an "Iceman" and fast on the button, go for it. THis for me also demands a lot of dedication and knowledge. For rookies, most likely will be a dead end.
Well, that's it for know, hope you enjoyed and comment.
disclaimer: all the information is purely my personal interpretation on the TA concepts.
if you want to tip me, just share some love here
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