Day Trading or Position Trading?
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  1. #1
    Join Date
    Mar 2006
    Posts
    3

    Default Day Trading or Position Trading?

    It would be interesting to see who here day trades and who position trades.

    I personally am an avid day trader but I've been noticing that there are some really nice profits to be made in longer term trading.

    What are some of the benefits/negatives for trading long term. It would be nice to see both sides of the fence

  2. #2
    Join Date
    Mar 2006
    Posts
    8
    I was wondering the same thing. As a new trader I still don't know if i prefer scalping or position trading. I have a lot of free time so i think i can do scalps, but i don't want to sit in front of a computer screen all day. i hope someone can shed some light

  3. #3
    chasingFX Guest
    Im with Pglizzy, but on the other extreme. I can't get me all that free time, plus I need my beauty sleep (don't want to be up in the wee hours of the night watching the charts), so the long term trading interests me.

  4. #4
    Join Date
    Apr 2006
    Posts
    48
    Position trading requires much more capital, that is the main difference, I think.

  5. #5
    Join Date
    May 2006
    Posts
    126
    Well, it is definitely not encouraging to keep on watching the charts the whole day, just looking at the movements, but that is fine if you do it part-time, just for a few hours in a day. Well, if I have some capital, I would try both...

  6. #6
    Join Date
    Apr 2006
    Posts
    48
    One should not try position trading, if a beginner. Margin call will happen, eventually.

  7. #7
    Join Date
    Jun 2009
    Location
    Akwa
    Posts
    3
    as a position trader,u need to understand the fundamentals,i mean reading the markets and news feed,also you have to master money management skills to keep you in a comfort zone...
    you can check this site for lessons from an experienced position trader-pipeasy http : / / w w w . forexfactory . c o m /showthread.php?t=245149
    Last edited by lyondegreat; 05-02-2012 at 11:25 AM.

  8. #8
    Join Date
    Jun 2011
    Posts
    1,733
    I am trying to move from day trading to position trading.

    Day trading has its drawbacks.

    One of the major issue is entering a few positions a day.

    The second part is not holding for the maximum pip potential of a trade. Most of the time, I realise my TP is 40 to 50% of the entire move. There are times where I cut of with 20% of what it actually gave. This tends to interfere with my risk and also my Risk to Reward ratio.

    I tend to rush into signals at times also. This is not very good when the SL is on the immediate LL.

    I am working on progressing to taking and holding trades for longer periods of time.

    I am planning to draw another MM chart to support the current one and start with 100 dollars as capital risked. This way I think I wont be changing anything to drastic, at the same time, try to swing trade on the same account.

  9. #9
    Join Date
    Dec 2011
    Posts
    344
    Position trading requires long stops and big capital but has less headache.Day trading involves higher risk and lot of uncertainity.Personally,I am a swing trader and it suits me really.

  10. #10
    Join Date
    May 2011
    Location
    UK
    Posts
    269
    Quote Originally Posted by JJ6845616 View Post
    Position trading requires long stops and big capital but has less headache.Day trading involves higher risk and lot of uncertainity.Personally,I am a swing trader and it suits me really.
    I love that kind of headache

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