instead of seeking it on a daily basis, you want to wait for situations that says you can hold all day. one basic example is when there is consensus or widely held expectation that is CRUSHED by some sort of news event followed by tape confirm. on the first day the move has a high probability of going all the way to the close. most people do not perceive it on the first day tho and are afraid to chase. there is usually a followthru on the next day and the chance for some reversal increases. by the third day, when the rest of the world sees it, people jump on board and it has a high chance of reversing, breaking the backs of those who hold. markets are basically about expectations and then ebbs and flows like the tide according to it's trend..
Holding Positions All Day!
- Thread starter si3b3n
- Start date
Well, if you can catch points everyday, then that is very good. I prefer to hit singles and doubles all day everyday with the occasional longball. I think my biggest cents trade this month is only 60 cents on one trade but I am up 15k for the month w/ 9 days to go so I guess singles and doubles works ok for now 
Quote from Samson77:
My average hold time is 2.5 hours per trade and 2-3 trades per day.
I do just fine thank you ...
Well, if you can catch points everyday, then that is very good. I prefer to hit singles and doubles all day everyday with the occasional longball. I think my biggest cents trade this month is only 60 cents on one trade but I am up 15k for the month w/ 9 days to go so I guess singles and doubles works ok for now
I would like to be able to learn how to catch bigger trades at some point.
I would like to be able to learn how to catch bigger trades at some point.
Quote from Samson77:
My average hold time is 2.5 hours per trade and 2-3 trades per day.
I do just fine thank you ...
Quote from Steve Tvardek:
Well, if you can catch points everyday, then that is very good. I prefer to hit singles and doubles all day everyday with the occasional longball. I think my biggest cents trade this month is only 60 cents on one trade but I am up 15k for the month w/ 9 days to go so I guess singles and doubles works ok for now
What kind of size are you using?
During the bubble, cab drivers used to buy ebay, yhoo, aol or something like that at the open drive around all day and sell at the close. those were the good ole days.
Quote from Steve Tvardek:
Well, if you can catch points everyday, then that is very good. I prefer to hit singles and doubles all day everyday with the occasional longball. I think my biggest cents trade this month is only 60 cents on one trade but I am up 15k for the month w/ 9 days to go so I guess singles and doubles works ok for now
I would like to be able to learn how to catch bigger trades at some point.
Good for you and to each their own ...
That's the problem with ET sometimes, to many traders in here get all defensive and think their way is the only way to trade.
I commend you for your open mindedness and good attitude.
As far as I am concerned, we can all be better traders and all learn something new from each other to apply to our own styles. I am pretty good at quick scalping the market, but know I need to work on learning to hold positions for the bigger moves. It will come with time...hopefully
Different mentality and personality dictate what fit you best.
Scalping style systems and setups are less profitable on a per trade basis, and if designed properly (or done properly), you will have more winning and scratch trades than real losing trades.
Holding all day systems / setups usually are more profitable on a per trade basis, but carry a higher risk.
Obviously scalping style also leads to many more net winning days than those that hold the positions for a longer period of time. You can call scalping style trading feel good trading if you want.
Personally I know many like to make bets based on longer term signals while doing their daytrading. To avoid mixing that up with the shorter term trading results - they use separate accounts.
Scalping style systems and setups are less profitable on a per trade basis, and if designed properly (or done properly), you will have more winning and scratch trades than real losing trades.
Holding all day systems / setups usually are more profitable on a per trade basis, but carry a higher risk.
Obviously scalping style also leads to many more net winning days than those that hold the positions for a longer period of time. You can call scalping style trading feel good trading if you want.
Personally I know many like to make bets based on longer term signals while doing their daytrading. To avoid mixing that up with the shorter term trading results - they use separate accounts.