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 golablue:

Are you opening up 400 positions and closing 400 positions a day?

Are you opening and closing 1 trade per day?

Are you opening and closing 20 trades per day?

3 totally different "Day Trading" approaches.

These are all day traders. They are all active each trading day.


They are 3 totally different day trading approaches.

It's tough to make a comparision between postion traders and day traders without defining which type of day trader to which you're comparing him.
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These are all day traders using the same defeatist "approach".
 
Agree that there are numerous more opportunities to make money day trading. Most of these opportunities are missed however by the newbie and most "experienced" traders.
 
Quote from Buy1Sell2:

Agree that there are numerous more opportunities to make money day trading. Most of these opportunities are missed however by the newbie and most "experienced" traders.
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Whay style of trading do you do more of?
 
<i>"Agree that there are numerous more opportunities to make money day trading. Most of these opportunities are missed however by the newbie and <b>most "experienced" traders."</b></i>

Then by all means, stick with what you are doing :D
 
Most opportunities are missed by the sole day trader. For most that want to daytrade, it is best to have a longer term position on and just juice the longer term play with intraday trades only in the direction of the longer term trend.
 
Poition trading is like being a factory owner - you just sit there while others do the work and the cash rolls in. Being a daytrader is like being a sweat shop employee. Every day you start again with nothing and have to make your quota. Not conjecture on my part, direct experience.
 
Quote from Buy1Sell2:

Day trader opens and closed positions inside the confines of the same trading day. That is the generally accepted definition and is a given. It needs no explanation. Any time frame more than that is swing or position trading.
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whats the difference between swing and position trader?
I think thats gettting too specific.

You either close everything end of day - day trader, or you dont.
Funny thing is that for 99% of the public you will get called a "day trader" if you trade on your own/at a prop, no matter how you trade...
 
"Funny thing is that for 99% of the public you will get called a "day trader" if you trade on your own/at a prop, no matter how you trade..."

.but if you ask them to define what a day trader is they can't...............they just know it is bad because they read it so.

There are actually reasons why a daytrader is more likely to fail such as needing to act on conditioned reflexes whereas many people START as daytraders and thus don't have pattern recognition of market nbehaviour, or the comm + spread being a higher % of profit, or less able to let profits run and run to offset accumulated stop costs.
 
You will find the exact same waves on a 1 minute chart that you will find on a daily chart, to say one form of trading is better over another doesn't take different traders skill, personality, tolerance for risk etc into account and frankly is a bit of a wank
 
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