One of the reasons I like Position Trading

Hell, just take a look at the Trader Monthly list of traders. A few energy pit bandits (and I mean bandits, masks and six shooters) but the resounding majority are position traders.

 

I am primarily a swing trader, whose occasional trades convert into winning longer term position trades...

I also dabble with daytrading now and again, but I am not as young as I used to be, and I don't have the energy for doing that kind of thing intensively...

 

no no you still have it.. i mean really its not that intense.. its just that its really not worth the time or the effort to do it that way anymore.

 

I am a daytrader, maybe that's one of the reasons I'm losing money!

 

==============
Buy sell 2;

Good points about keeping comission costs reasonably in line;
& some markets just seem to fit well with position trading,
like long oil & gas stocks sometimes. Probably another reason CME,BOT,OXPS ,TRAD ,LEH sector is uptrending so well

The times the 50 day ma trend was nicely down in oil gas stocks, didnt like to keep shorts over night, even though it could have worked.

Other markets, @ least the last 12 months worked nicely also flat @ end of day;
shorted some oil/gas stocks, when 50 dma proved it,
& hourly charts with long some /short some on ES,YM.

 

but what is the opportunity cost of missing out on short term trading the swings ?

 

sometimes the opportunity cost is goofing around with the small swings and missing the big picture and the big money.

 

Hi Rhymes. Admire your conviction on setting out onto a path less traveled. I am wondering why you've chosen such. It is kinda strange to be in a prop futures shop where 99% of traders scalp and you decide not to be "one with" the shop. What event got you to this thinking? THanks

 

most of the guys are struggling with scalping, I see the emotional damage being inflicted, I'm convinced that the shorter the time frame, the more random and unpredictable the price action. Actually, a lot of the office is headed in the longer-term direction. We have superior news gathering and research skills, I believe that gives an edge.

 

Emotional damage ...interesting. Ist time someone mentioned that in the context of short term scalping...I am waaaayyy past that...LOL