Characterized as short-term traders, scalpers earn money by reselling stocks and benefiting from small price changes. They usually hold their positions open from several seconds to a few minutes.

Aiming to gain advantage of small market movements, they are focused on trading without leaving open positions overnight. The average open time of a day position is typically less than an hour.

The key objective of swing traders is to capture short- and medium-term profit over an extended period. As a rule, the average duration of an open position varies between a couple of days and several weeks.

Putting the main emphasis on macro trends and asset growth potential, position traders buy assets, whose value is likely to increase over the long run. So, they are not too concerned about monitoring short-term price fluctuations.

They evaluate the individual performance and characteristics of each asset to make the most realistic value estimation. Fundamental traders generally open positions for the long term.