One of the reasons I like Position Trading
- Thread starter Buy1Sell2
- Start date
It's ok that you have a differing opinion, that's the way things are in life. I am just speaking from experience that I know it to be misguided. As far as the word must--it is essential that a trader keep track of the overall picture and the best way to do that is to personalize the analysis and take a position trade. Therefore the word must is a must here.
Of course it's ok. I'm sure you agree, that's what makes a market.
I meant my question in a different way though. Am I off saying that you presuppose that trader x can make money both ways? I would come in with the idea that many position traders are not great day traders and vice versa. Not that they don't have the capacity per se, just that they're good at something specific. Perhaps even have strategies that are not interchangeable between the two.
The way I c it is that they are just two fundamentally different things, hence the apples and oranges analogy. They entail different kinds of risks and rewards and are therefore geared toward different kinds of individuals. That position trading offers potential higher absolute rewards, well, of course it does. It's essentially levered investment in that you are taking greater risks (overnight/gap/event) risk, that you don't really take in day.
So back to apples and oranges. Positives and negatives in both.
Just different.
Quote from Buy1Sell2:
This is where I differ. Daytraders who are successful, would actually be much more successful as position traders who sometimed daytrade. They are missing the boat by only daytrading. So I disagree with your vice versa scenario.
How do you arrive at the certain and definitive conclusion that "Daytraders who are successful, would actually be much more successful as position traders who sometimed daytrade.".
I would love to know!
p.s. Reg FD: I do both.
Quote from Buy1Sell2:
This is where I differ. Daytraders who are successful, would actually be much more successful as position traders who sometimed daytrade. They are missing the boat by only daytrading. So I disagree with your vice versa scenario.
if u know what u are doin' and are experienced u can make as much as by carryin' overnite with postion intraday tradin': gains like 2%, sometimes even more a day are very much possible to mantain, of course with losses comin', but still comparable to swing tradin'.
yeah, depends of the stocks tho, if u dont have a multimillion account u should do fine in almost every issue, u can keep addin' every cent if the sob is thin. and if u are after serious liquidity there are an urray of products that can suit your need, qm futures prolly the best to leverage up; u can make a serious killin' tradin' that p.o.s.
never get caught into a halt so far, i know it may happen but that's the only thing that's scares me, can happen to a swing trader as well tho innit... it's obvious b1s1 opinion is a biased one.