Hong Cheung 
既然你想成為特定類型的投資人，讓我們更仔細看看這套做法會帶來什麼。
讓我們繼續。
由於投資風格的差異，這也可能以不同方式影響你的心情（生活）。請不要忽視這一點，因為這對促成更大的成功至關重要。再次強調，這個網站談的是一般而言的正念（健康）投資，因為兩者相輔相成。
當沖交易者
主要專注於運用技術指標進行交易——VWAP、MACD 和 RSI 是你的最佳夥伴。
當沖交易者通常的交易時段是市場開盤後的前 2 小時，以及收盤前的一小時，因為這段時間的交易量和波動性最高。這意味著你在這些時段會非常忙碌。
你也應該設定嚴格的交易方法，並能迅速做出決策，因為你是在幾分鐘甚至幾秒內進行交易。
當沖適合你嗎？
這是一種在短時間內高度專注的投資風格，需要高度的自我控制。如果你是個情緒起伏很大，或非常在意金錢的人，這可能不適合你。
波段交易者
主要依賴基本面以及技術指標，就像當沖交易者一樣。兩者的差別在於波段交易的時間範圍更大。這既可能是好事，也可能是壞事。
The good part is - you don’t need to be stressed every day nor watch how the stock is performing 24/7, you just need to set a stop loss, give it a time frame, and that’s it.
The bad is - if you are wrong, you will be spending more time proving yourself wrong. Time itself has a value too, so you may lose the same amount of money as a day trader does in a day plus a lot of time cost.
Is swing trading suitable for you?
If you want a lower stress level from investing, I highly recommend this. Apart from value investing, this is one of the least attention-required investing styles. You don’t need to consistently monitor price action. You can go on with your everyday life like usual.
However, if you are a person without patience, and you want to have more “control”, this might not be for you. Because you have to keep your investment for a long period of time. And within this time slot, anything can happen.
For example, gaming industry giant - Activision Blizzard (AVTI) fell 14% in one day in 2021[1]. Although it has a strong balance sheet, sexual harassment news from the company and the announcement of postponing the release of two major title games, brought it down tremendously. This is not something you can predict.
Therefore, the likelihood of encountering unpredictable events increases as the time frame expands. In simpler terms, the longer the duration, the greater the chance of unexpected occurrences.
Value Investor
If you want to become a value investor, you must already know who Warren Buffet and Peter Lynch are. They are the role model of this approach. They suggest buying an “undervalued” company and holding it till only when the company has a change in its business model.
Common evaluation methods include but not only the use of P/E, P/S, quick ratio, debt ratio and value comparison with similar companies in the same industry.
Is value investing suitable for you?
It is arguably the most carefree strategy to invest. However, this approach requires a lot of time to research before you place the order. It also means you need to check every financial report the company will be publishing per quarter - to make sure the company does fine. So, the effort is there.
The underlying risk is you don’t know when it will increase in value, you just believe it will. Currently, the company is in your view “undervalued”, even if you are right, you still need to wait till it does. Even if it could mean many years later. Or even worse, you could be wrong.
Conclusion
All in all, the above guidelines are here to provide a general overview. It does not mean that you shouldn’t be a day trader if you are a moody person. No matter which type of investing style you prefer, the main stress factor always comes down to “how much” you are betting, and how you are reacting to your investment while you are holding it.
Investing and trading are not for the faint of heart. Successful investment always come from well planning, risk management and courage.
You must know what you are doing AND what you would do if a certain scenario happens. Some people are afraid of ghosts not because of the ghosts themselves, but of the unknown they are afraid of.
To prevent impulsive decisions, a comprehensive plan is needed for every situation. So you won’t have anything to fear for. As a result, you can trade with accuracy and confidence.
Personal Take
I prefer to swing trading over at least a few months because I believe that a big trend is easier to “predict/observe”[2] over a day trend.
For example, an economic downturn usually last for months if not a year[3]. So, I could enter within this time slot even late entry, say for a month. I could still make a profit because the time frame for both entry and exit is longer than a day or week trend - higher flexibility.
Moreover, I don’t have to monitor the stock market all the time. So I can focus on other aspects of life.
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[2]: Many people agree on “don’t time the market”, I’d argue that whoever buys at a certain point, then sells at a later point - This action itself already established a time frame.
[3]: The U.S. has experienced 34 recessions since 1857 according to the NBER, varying in length from two months (February to April 2020) to more than five years (October 1873 to March 1879). The
- Read More On Investopedia average recession has lasted 17 months, while the six recessions since 1980 have lasted less than 10 months on average.
