⛑️TYPES OF TRADING STATEGIES ⛑️
Trading strategies can vary📈📉 based on market type, trading style and individual goals. Here are some commonly used trading strategies:
1. Day Trading😎
Description: Buy and sell assets within a single trading day to take advantage of short-term price movements.
2. Swing Trading🦸
Description: Buy and sell assets within days to weeks.
3. Position Trading
Description: Buying and holding assets for the long term, usually several months to several years.
4. Scalping🥷
Description: Make a lot of trades in a very short time, usually a few seconds to a few minutes.
Use leverage carefully.
5. Trend Following🎯
Description: Buy assets that show an uptrend and sell assets that show a downtrend.
6. Contrarian Trading🐃
Description: Taking a position contrary to the majority of the market on the assumption that the majority may be wrong.
Using sentiment analysis to measure market behavior.
Set a tight stop loss to reduce risk.
7. Breakout Trading🧟
Description: Buy or sell an asset when the price passes an important support or resistance level.
8. Algorithmic Trading🕵️
Description: Uses algorithms and automated systems to execute trades based on pre-defined rules.
Which type do you belong to, and which is more profitable of all the types of strategies above?
