Are there full-time position traders?

pisa said:
Just wondering. On this site one can read a lot about daytrading but I would like to know if there are full-time position traders who enter positions with a time frame of weeks to months and do this for a living?
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There are plenty of position traders around.

If it trades then there are position traders trading it.

Many of the full timers spend more time doing research than actually doing trades. They also tend to be well capitalized.
 
I started long ago position trading in stocks back in 1978, buying 100 shares cost $125, day trading wasn't an option with those fees. I used weekly charts then and still do today. But everyone evolves and I ventured also into day trading, my long term profits were being swallowed up and more into losses of day trading. Eventually got the hang of day trading/long term futures and kept doing long term stocks, last year added commodity spread trading and working on stock/ETF options this year. Options by far is toughest to learn, but making strides.

Couple years ago I killed an afternoon by figuring out what I lost in terms of "venturing" into day trading and long term futures as it took me seven years, I be sitting on 4.5 times more than what I have accumulated. Should have stayed with just stocks. Of course had I just done stocks, what would I have done with all that extra time, I know I wouldn't have learned how to say horrible words in eight languages......:D
 
actionzip54 said:
Took me a few years to learn my style just like anyone else. I think it would be difficult to really classify the way I trade as position trading because I will take a position in something that I think is bullish or bearish and then I will "day trade" around it.

An example would be I think gold and the gold miners are a fantastic buying opp right now. So the last couple weeks I have been establishing positions in many of the miners. Today, actually 15 minutes ago, I started to hedge and basically cut my positions in half without lifting the original position. If I'm right and my hedge works I'll add to my long gold positions and rinse and repeat.

I started pretty small but if you pick one or two decent trades a year and are able to use leverage you should be just fine. The key is picking trades you really believe in over the medium term and then just slam them for all you got.
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I also bought gold miners recently (GDX), look cheap to me. I like the concept of trading around the position, but hasn't really worked for me.

I like to think I'm being paid for taking overnight risk.
 
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