Any longer term trader here?

How do you manage risk like what we are experiencing now when your position has a longer time horizon, say 2-3 months or up to a year (sort of semi buy-and-hold)?

 

I'm longer term... weeks to months.

Easy... if you are long... you get out.

 

Long term (really long term) - I stay in cash now.

BTW 2-3 months or up to a year is not long term.

 

But to most daytraders here, 2-3 months is like eternity.

 

I held a stock for 5 days once.

Scariest time of my life!

 

Risk grows as time passes.

Do not measure the situation relative to the beginnning of your position; measure repeatedly, what the market is doing.

Your positions are only based upon NOW and which side of the market is controlling.

Long term income runs at about 4% a week.

 

He's giving away the store here guys.

 

I don't think it is true. To be a good trader you need to understand how people invest long term. The best way to understand it is to do it yourself.

 

Where can I get this long term income? Please please tell us.

 

Long term means different things to different traders.. to me, 3 weeks is long term.