I was wondering if anyone here is succesfully trading longer time frames. I have noticed that traders usually trade shorter and shorter time frames as they become more experienced and very often become daytraders. The main excuse is "eliminating overnight risk" but I wonder how much of it is actually just a need for action/excitement. Also, I have noticed that most of the great traders hold position much longer than most traders here: Dennis, Darvas, Livermore, Soros etc..At least for trend followers. In fact trends seem much easier to analyze on a weekly chart than a daily or an intraday.