A trader walks through how to evaluate yourself before you start trading, then choose between day trading and swing trading. The video covers what to know about your own risk tolerance and time commitment before picking a strategy.
I always start people on the very first step is about self evaluation. You have to come up with some answers like when do you want to trade? When can you trade? When can you not trade? How much capital, how much experience, Personal things. That's different for everybody. I mean, there's general categories that are the same, but the answer is always different. And then with process of elimination, you could kind of get rid of all the things you shouldn't trade and see what's remaining. What are the best choices? One of those decisions, I think the big one is are you going to start first trying to learn how to day trade or swing trade?
