New Discussion Board for Long-Term Traders

Baron and everyone,

After participating in some of the threads over the weekend, I came to the conclusion that it would be wise to start a forum for investors or position traders.

We had more than one individual flaming short-term trading over this weekend, and it bothers me.

I suggest we keep the threads in the "TRADING" board clean of negative people who tell us we can't do it. I care about learning new effective strategies rather then have my mother on the thread telling me that I'm gambling

So, a new disucssion board for the longer time-frame people and their strategies and arguments is a great solution in my mind.

What do you think?

 

I am not sure of ther reference of "negative people" and
comments. If you expect a discussion board just be to you
liking and thinking well, keep looking. This board is very
lope sided to buying software, seminars, memberships and \
all other STUFF to help those well lot's of those who need
help and boy I see them everywhere on this board. I feel
for them, I have been there in their shoes. I was told that
I am negative etc. I don't think so, I am negative of stupidity that I see around me. You won't fix a trader
buy "buying" more stuff. You will just expedite his ruin.
As to having a different board, well I am not a position
trader nor a swing trader, I am asset switch guy I may
trade every day this week and it won't even cost me commision. So having this <b>new</b> group won't make me "go away" as the shoe don't fit. But as I said I don't want to provoke ill feelings and bad blood anyway.

By the way there is a real good board
http://fundvision.com
the guys there don't whine and complain just grind away
and make money....

 

Baron,

It's your site, and you can do what you want with it obviously (and it's a good site too!).

However, I fail to see why your would delete a negative thread challenging the validity of short term trading.

Do I think short term trading is invalid? No. But I am for open and free discussion. If someone wants to argue that my trading style is hopeless, bring them on. As long as they actually have arguments, I am glad to read them. Plus, there ARE many dangers in trading, and newbies need to read the negatives as well as the positives.

I implore you not only NOT to delete such threads, but to encourage them. To delete them is to promote an enviroment that says "we are afraid of arguments against us, and so will only promote threads by persons agreeing with us".

Wet

 

I just arrived here but I thought I'd add to this discussion. I am mostly a swing trader although I have investments and long term holdings and have dabbled a bit in daytrading - though not anywhere near the extent of most here.

I think - given Baron's stated purpose of this forum - that a board for "investors" might be stretching things a bit. As far as "long term trading", that may serve a purpose and have significant participation, especially given the impending crackdown by the SEC. It seems as if many brokerages may be forcing the little guys into position/swing trading whether they like it or not. Long term for some here is defined as owning a stock past lunch, while others may see it as months.

While I don't wish to anger anyone here by using the F word (fundamentals - there I said it), they can play a role in trading decisions for swing/position traders. I will play NYSE issues in cyclical areas that are trending for 6-8 months looking for a 40%+ gain and use options to increase that even more. If a company has fundamentals that are deteriorating rapidly, I will use technical analysis to find a good entry point on the short side.

My point is that while it's great that so many short term traders will make trades based on the fact that an issue is moving in a certain direction or meets a certain set of criteria, there may be others here who want to trade for 5 to 15 points or more over the course of a few weeks or months. I use technical methods to enter and exit the positions once the price falls into the target range. The idea is that a 10 point run in a stock over 6 weeks can be turned into a 25 point gain for the adept trader.

I'm not sure if the scaling in and out qualifies as "long term trading". I do think it would be helpful for newer folks who are still very confused to be able to address some of these issues and for those of us who are further along to be able to exchange techniques for maximizing trading profits around longer term positions. The last thing I want to suggest is a dilution of the quality or diversion from the intended purposes of elitetrader.

Thanks

 

ktm
welcome here, where you and I are minority. Indeed in long
time since someone mantioned the "F" word.
It makes a lot of sense since sectors move in some sort of
an order and rotations take place giving us some trends.
The last nice one I played to the upside was energy/oil,
sadly I could not short it the way back because I play
funds right now. I scale in and get out once the trend is over. I am thinking of switching over to ETF with IB where
I could play both ways...
Forgetting fundementals and economic reality makes a so
called trader a "button pusher" akin to old ladies in Vegas
playing slots. If you like a site that deals with economics
and sectors check out http://www.fundvision.com
many there trade ETF and they time frame can be days or
weeks. I am not suggesting to you to replace this site
rather to complement what's missing here with information
is availabe elswhere in abundance.

ETF= exchange traded (index)funds

 

Thanks Andrasnm!

I have traded ETFs. I enjoy using them as hedges and wish there were more right now that thoroughly covered more sectors.

One of my long NYSE screens is from a data warehouse that I maintain. I routinely check for NYSE issues that are hitting (or nearing) a 5 year low PE. I do some DD and if all looks well I start scaling in using tech analysis. I have found that many of the mature companies will bounce off of certain PEs repeatedly.

I'll check out the site as well.

Thanks