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
Many people indicate that they have trouble holding positions overnight emotionally. However, the truth is that successful position traders are not heavily margined , but day traders are. Day trading is much more emotionally draining than position trading.
 
Quote from volente_00:

Just curious what your plan is on these swing trades if there was ever a limit up or down?
More...

I don't use much leverage or any at all.
 
I have a question about charts and execution.

I'm looking at DISH for BOTH daily and weekly charts. On the daily, it looks like a good buy, with a bottom at 31.10, but on the weekly chart, it looks like its going to reverse any day now by looking at the MACD crossover.

My holding period is about 1-2 weeks.

Should I follow the bigger trend, or buy into value on the daily?

What would a position trader do for this stock?
 
Quote from cashmoney69:

I have a question about charts and execution.

I'm looking at DISH for BOTH daily and weekly charts. On the daily, it looks like a good buy, with a bottom at 31.10, but on the weekly chart, it looks like its going to reverse any day now by looking at the MACD crossover.

My holding period is about 1-2 weeks.

Should I follow the bigger trend, or buy into value on the daily?

What would a position trader do for this stock?
More...
Can you post the charts? I only trade futures and would need to look at the charts.
 
Thes are not the typical indicators that I use but from what I can see it is a long hold if you are already in and have profits. The trailing stop on daily is below 30.13 ( As near as I could tell from the chart) --Not just one tick below the reaction low, but you need to do a review of this stock's past history to determine how far it normally breaks the reaction low for it to be a legitimate reversal. In summary, if you are in and have profits, then a sell stop is placed outside the reaction low. You should not have any more than 10% of your liquid net worth invested in this stock. This means that if using 2 to 1 margin, then it would be 5%.
 
I have traded most instruments and most styles...

The style which I feel gives me most flexibility in my life is position trading...

The downside to position trading is a lower opportunity factor, which means that I have to rely on alternative non-trading income streams during dry periods...

But the beauty of position trading is that it is virtually stress free and there is no minute-by-minute rush to make decisions...

Perhaps scalping is more profitable these days... but at least I am not an emotional wreck!
 
You must log in or register to reply here.
Back
Top