So what was your previous name before you changed your identity here at ET??? LOL!!! To answer your question, usually under 5 minutes per trade..today my longest trade took 3 minutes.
Hmm...well, I have had a few....as have most..I don't like that whole build up a rep thing, clouds issues in discussions sometimes. Thanks for your contributions, oh and you know I'm just giving you a hard time man.
It's fascinating that as of my vote, the percentages breakdown as follows: *** 1. Minutes, obviously a daytrader = 39.13% 2. Hours, but still a daytrader = 1304% 3. Hours, position trader = 13.04% 4. Swing, 2-10 days = 17.39% 5. Position, weeks or greater = 17.39% *** What would be even more interesting is to take a look at: a) the profit potential over X amount of time for each style of trading, b) the complexity of the system required to execute trading successfully at each level c) the margin levels (performance bond) required for the different styles Good trading, Jimmy Jam
The vast majority of the daytraders, typically those struggling, definitely have a holding time on the losers surpassing the holding time of the winners. It's daytrading cancer but very typical. Anek
I suggest that any short term traders here learn how to position trade on the longer time frames as well. Overall profitability will increase if profits from a short term, highly leveraged trading style are roled over into longer term, lower leverage trades.
the poll could be more interesting by adding these two questions: 1. how often do you change your time frame? i.e. smoking hopium after a mental stop is blown until you can break even. 2. break down the hold time between winners vs losers. imho, those two questions alone would seperate the wheat form the shaft.