| How much time do I want to commit? Shorter-term trading - and particularly day trading, when you're in and out of your positions within the same day - usually requires you to stay in front of your computer (or at least on your phone) during the trading day so you can make moves all day long. Traders who expect to be in trades for a few weeks don't have to spend as much time tied to their computers. What's my tolerance for risk? Traders who stay in positions for several weeks usually give their positions a wider berth. That way, normal volatility doesn't force them to sell too soon. This also means they have to be able to tolerate some moves to the downside. Shorter-term traders take smaller losses, but they need to be able to pull the trigger and take those losses quickly. What strategy makes the most sense for me? Do you like to trade based on earnings reports, volatility, charts, valuation, or news events such as drug approvals? Certain catalysts will lend themselves to shorter- or longer-term trading styles. If you like to trade the markets based on volatility, your trades will likely be short-term. If you love trading stocks based on upcoming catalysts, your trades will have a longer duration. If you're new to trading, start off by asking yourself which style appeals most to you. If you're an experienced trader and you're not achieving the results you want, these questions may help shed some light on whether you're trading in a way that best suits your personality. Good investing, Marc P.S. I recently developed a new strategy that combines the excitement of trading with the peace of mind of "generating income with limited risk" through up and down markets. According to our backtest, over the course of 2024, this strategy had a stunning 86% win rate and could have turned $9,000 into nearly $34,000 - a total return of 274%! That's nine times better than the S&P 500... during a record-setting bull market! Click here to learn more. | 
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