Intraday Or Swing Trader? by Josh DiPietro
The Perfect Fusion!
You can be both. Find out how this trader combines these two time frames to
create a logical trading plan.
Can you define yourself as either an intraday trader or a swing trader? In my trading,
I synergize both in a logical way, the reason being that intraday and swing
trading are not mutually exclusive.
Beginner and advanced traders
enter my training program with
experience in both intraday and
swing. However, very few traders
come to me knowing these facts:
1. You must learn intraday
trading prior to swing trading
2. Intraday and swing trading
When I first started trading in
1998, I wish someone had taught
me those facts. With regard to fact
1, I hadnít been properly coached.
I would mistakenly trade an intraday
level and then, if my trade was in
the red at market close, I would
always hold overnight. Thatís a
With regard to fact 2, I would
find strong swing trading levels,
but I would fail to account for
newly formed intraday trading
levels. In other words, I wasnít
adjusting my limit orders, so my
swing trades were mostly off. I
was a mess!
I didnít give up
It wasnít until 2007 that I learned a
consistent system. I call it the Wall
Street way. I moved to Manhattan
from San Diego and started trading
on a private equity floor. Iíll return
to the Wall Street way in a bit. First,
I want to map out the framework of
my methodology for both intraday
and swing trading.
Most important, I only trade
equities (stocks). This is because
of all the securities, they are the
most transparent, and they donít
have expiration dates or intrinsic
value. Equities are best for
systems like mine that base their
strategy around key price levels.
For instance, if the stock price
moves 15 cents in either direction,
then your share value will remain