Position trading can be stressful too...primarily because of the larger amounts of capital you will have wrapped up in one position. If it goes south, it hurts...if it keeps going south for months you can develop an ulcer lol.
Not so concerned about the stress I don’t get stressed about stocks since I was in the business for 20 years. More concerned about the time I need to devote
Just focus on moving your trailing stop losses higher on a good till cancelled basis as your stock goes higher. Less stress and somewhat like on autopilot. One day, you will get stopped out and it would be the time to close that trade. Less stress and time commitment too.
That’s my plan. Also, I tend to over trade, it’s another reason I think position trading will be more constructive
It's all the same... except for "degree". A day trader is not willing to tolerate much of a move against his position before stopping out. A swing/position trader will tolerate "more" of a move against him... but how much? A long term investor will tolerate the largest move against him. Pros and cons to each. Answers are subjective. Word of advice... Learn Price TA. Whichever time frame you choose, you still need to be making high-probability decisions.
The only reason a trader has stress is because they don't know what to do in certain situations. If you know what you will do when any situation presents itself, then there is no stress, you just trade.
I think if you know how to read a chart, when the trend changes it will become somewhat apparent. Maybe not obvious, but let’s say, detectable.and that in itself will limit losses. Seems like risk tolerance in position trading would be somewhat looser, but not off the charts (no pun intended) loose.