just position trading

[Rabbitone]

Trading is a lot about turning dollars over to make profits to keep that account balance high enough to trade again after withdrawals. Many traders are driven towards day trading to get that turn over because they are under funded.

I have traded 20+ years (+20 prior as an investor) with discretionary and automated swing trading. I’m now retired and do it full time. Plus I use TA with my intermediate term trades in my 401K brokerage account. My automation can also be set to position trade in trending markets.

I have been asked many times how much capital is enough to trade swings and make a living at it. I was never able to give a qualified “correct” answer and I would not try to guess. The main factor I stated above. If you can turn dollars at a quick enough pace with positions in a well funded account than you can make a living at it.

P.S. The boring positions in 2006 and 2007 led to some great summers at the lake.

Quote from jens11:

there is a lot of talk about daytrading here which makes me wonder if there are traders out there who are holding positions for weeks even months to capture larger trends trading simple things e.g. breakouts of consolidations in trends

and if so, can you make a living just trading this way, capturing some good moves which makes your year?

can someone point out some posters trading this way or name some blogs of traders which play the longer timeframes

it seems that you find very little information about this trading in terms of application just the usual pattern definitions and becoming a millionaire trash blogs

maybe it is just to boring to blog or post about it or it just makes no sense after you passed a certain state in your development as a trader to interact with others and instead you just concentrate on your trading and living your life