The same signal matters differently across horizons.
| Concept | Explanation | |---|---| | Long-term investing | Allocates capital based primarily on multi-year economic value and compounding. | | Tactical investing | Adjusts exposure over weeks or months as valuation, regime, or evidence changes. | | Swing trading | Targets price movements over days or weeks. | | Day trading | Opens and closes positions within a trading session. | | Systematic strategy | Uses explicit rules for selection, entry, sizing, and exit. | | Discretionary strategy | Uses judgment to interpret evidence and context. |
The same signal can be important to one horizon and irrelevant to another. A daily pullback may be material to a short-term trader but insignificant to a long-term investor.