I am definitely in agreement with lots of what's been said. I generally consider myself a part-time trader. By that I mean I look at the charts periodically to see if there's anything interesting. If there is, I'll put on a trade or at least place an order if a set-up is forming. Sometimes that's a position trade. Sometimes it's a swing, or even a day trade. It depends on my schedule. That's the great thing about using technical analysis. I can apply the same techniques regardless of the timeframe I'm operating in at any given point.
The point is that I can't or don't want to spend hours on end in front of the screen. Position trading means using wider stops, but I just reduce my position size to get the risk I'm willing to take on a given trade. I certainly don't mind risking 100-200 pips for the opportunity to make 3-5 times that!
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