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 
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.
Position trading requires much more capital, that is the main difference, I think.
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…
One should not try position trading, if a beginner. Margin call will happen, eventually.
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
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.
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 :7:
In my opinion, neither position trading or day trading is suitable for beginners. As has already been mentioned, position trading requires a lot more capital, and you need a greater understanding of fundamentals. Day trading is too fast for a beginner, and plus it is not practical if you have a full-time job.
Swing trading is a much better starting point for beginners. It is 100% technical analysis (), and you are trading in the direction of the trend. You are trading higher time frames which are more reliable, and you will be taking higher probability trades. You will need more capital to start with than for day trading, but a lot less than for position trading.
My experience in FX has told me that short term day trading is probably the toughest place to succeed in, you have to really be selective and know your setups very well. Also, once volatility shrinks its very tough to eek out a respectable profit. I was doing pretty well when the Vix was in the 40’s, then once it shrank at the beginning of this year I was totally lost, the market was just indecipherable.
A professional FX trader told me that short term scalping style strategies are very difficult to sustain these days because of all the competition from the algorithmic trading crowd. You have accomplished PhDs in math, top programmers, and experienced traders that team together and compete against you. They see things in the market that you can’t see on the chart (for example, they can compare multiple markets in a heartbeat and use sophisticated math equations to determine price relationships).
While quants compete on all time frames, the playing field is more even on longer term moves because at that point, they really can’t beat you on speed for analysis. If you get in 3 pips higher than they it won’t make a big difference if you’re both going for a 50 pip move (and they have higher fixed costs to cover).
I run a balance between the two. My day trades literally last me 24 hours or less if I hit my desired profit sooner than anticipated. The other trades I carry just to make interest off of. I use roughly the same units in my day trading trades as I so in my long term carry trades. Without my carry trades I wouldn’t know how to place my day trades. Lol
I do not understand why position trading or swing trading needs more capital. Adjust your position size according to your capital. I am a position trader and swing trader and i do not understand fundamentals at all and I donot enter a trade based on fundamentals.
Each to their own.
The best way I can explain this is with an example:
I’ll use your example:
Hi All,
I preferred Positioning trading, reason to this is that, it really cut’s out the stress in me. I have done scalping over the past years, and believe me, over a long period of time, it takes the patient out of you, unless if you really have the time, by all means why not. But after my experience of that, I now preferred Positioning Trading, simply because, yes, you can make more pips over a couple of days if you anticipate the entry and exit right. As for the difference between scalping and positioning trading, what I can see is that, from daily you will know whether if the movement is making it’s big or small movement or not, otherwise, it will be a challenge to just take out small pips to have the patient in scalping. Right now, I’m still working to improve on positioning, so far it’s good, not hoping to get better and better at it, each time, when the chance is right there.
Position trading requires wider stops so you have to adjust your position size accordingly to minimize your risk which decreases the pip value.
these both are are really interactives. but i think day trading have more benefits and it for such longer time period. through it you can get high benefits and returns. it is such a successful technique and strategy at forex market.
Position Trading by far. The trades are further apart, giving forgiveness to Newer Traders. And the wins are big.
True but how far can patience be tested,
I have done what you say with position sizing,
It gets disheartening after you have a couple of hundred pip move for a few dollars profit to keep RR OK.
So a bigger start out capital helps the emotional side of things.
At least profit looks better even if it is the same percent wise.
That keeps you trading to the plan!!!