One of the reasons I like Position Trading

What kind opf trader are you?

  • I am a position trader

    Votes: 132 27.7%
  • I am a swing trader(overnight)

    Votes: 137 28.8%
  • I am a day trader

    Votes: 207 43.5%

  • Total voters
    476
Quote from Buy1Sell2:

certainly--just ask questions here if you wish

B1S2,

At the risk of being too general in questioning, what would you recommend concerning getting started position trading? Having travelled a daytrading path, I can imagine you've travelled your own path and have a lot to offer those of us in my position, just beginning the search for a position trading methodology.

Thank you, amodies
 
Not wishing to stop b1s2 from offering you further information but if you want to develop swing trading methodologies you can do far worse than start with

John Hill's The Ultimate Trading Guide for some great ideas
 
Quote from OnlyIf:

Not wishing to stop b1s2 from offering you further information but if you want to develop swing trading methodologies you can do far worse than start with

John Hill's The Ultimate Trading Guide for some great ideas

Thank you, OnlyIf. I'll do that.
 
Quote from frank grimes:

buy1sell2 how long have you been trading, what is you're capitalization, and how much of that is leverage?

Been trading 25 and a half years. I would tell you that I use very low leverage because I relate my trades to total liquid net worth and not the amount in trading accounts. In fact, most of the time, I am below 1 to 1 as I scale in to trades. As far as capitalization, while I appreciate the question, I would like to refrain from a response to that and believe that the answer to leverage is key to success in small or large accounts. Good to hear from you Frank!:)
 
Quote from cashmoney69:

also buy1sell2, what indicators do you use?

Price, MACD (especially Histogram), RSI and Bollinger Bands. I have been experimenting with CCI, but not done with research yet.
 
Quote from Buy1Sell2:

Been trading 25 and a half years. I would tell you that I use very low leverage because I relate my trades to total liquid net worth and not the amount in trading accounts. In fact, most of the time, I am below 1 to 1 as I scale in to trades. As far as capitalization, while I appreciate the question, I would like to refrain from a response to that and believe that the answer to leverage is key to success in small or large accounts. Good to hear from you Frank!:)


Below 1 to 1? What do you mean?
 
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