Swing Trading vs Day trading

This week I wanted to compare these 2 different types of trading. Since February I have been forward testing advnaced patterns on the 4hr and was meant to be TcT as well as Counter trend aswell. Also since the start of April I have been day trading the same 16 pairs using nothing but price action. So here is how they have compared for me so far.


Swing trading has been very easy for me to trade and track. I check it at the market close everyday and use a table to mark out anything on my radar. I prefer to get my orders in nice and early because it is easier for me to remove them than add them so for convenience reasons. I know in reality if am live trading these things I would likely check up the charts a few more times per day but overall it is not very time consuming. However the downside to it for me is this. It takes a long time to play out and maybe its because its only forward testing but so I dont care as much but I sometimes do forget to check a pattern or a setup I have to be slightly more on alert on causing me to miss a few trades so far winners and losers but I am personally more vulnerable to mistakes just because I dont have the same focus on it.


As mentioned I have been day trading since the start of April. Just to start off with I feel like I have to say I am loving it. Now there is many reasons to this so far so I will get into them. For starters I am using pure price action and what I believe will happen next in the markets. In comparison to patterns where your analysis in reality doesn’t matter too much if trading them conventionally, this apporach lets me be on the side of the market I believe and want to be on. You may be asking but don’t you do that with your swing trading too. I tried is my answer. I had rules built around it and a few things here and there but as I was doing my IPD on the Daily it is too slow and boring for me so I just cut it out completely as I dont have the patience for it. Instead I put my orders for patterns on and leave them there until its invalid.

A question that may arise is isnt 16 pairs too much to be day trading at once. I dont think so. From my experience so far it isn’t as tough as it may seem. I also have a checklist which I complete just before 7am and then trade off that until 11am which is the end of my day trading day. It can be exhausting but I love the prediction aspect of it and how quickly I can see if I was right or wrong in my prediction whether I took the trade or not. Also yesterday I had 7 pairs on my radar which is a lot. However, what that means is I could actually avoid the so called ‘worse’ setups from those 7 and only focus on the better ones if I wanted to. I still manage around 3-5 trades per week on average so far and I have had very nice results from it even though its only been a little over a month.

Overall I recommend swing trading if you are a someone with a busier lifestyle or just want more time for yourself and less time on the charts. However be prepared to be waiting for a long time so make sure you fill up your day with something else. End of the day my preference is day trading as it is quicker. More executions, quicker playing out of predictions and in theory drawdowns should be of a quicker duration.

So there is this weeks blog. If you want to keep up with my setups from both of these forward testing accounts then follow my 2nd Instagram page for it here. Hope you enjoyed and found this valuable.


Published by Lach Plays Trading

I'm a forex trader whos journey began January 2018 and has had its ups and downs but has taught me a lot about the markets and myself as a person. Documenting my journey and sharing my experiences for you to be able to learn from them and my prior mistakes. Fully transparent, not afraid to show losses or speak exactly what comes to my mind.

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