Nice thread.
Day trading and positional / Swing trading are two ENTIRELY differnt things.
I'm not saying one cant have both skills [nothing stops an engineer fm being a Doctor too].
It depends on yr captial / study and faith in market moves.
One thing however is, no matter what kind of trader you are, you HAVE to STICK TO yr strategy (ive failed miserably at times and lost on winning positions, just fear and premature exist even with absolute minimal stop-losses)
THE FARMER AND THE BRAHMIN :
'========================
Farmer : I know its the month of June, winds turned westernly some time ago, and i see dark clouds, i think its going to rain. Ive seen it happen.
Brahmin : Depends on what the gods want. If they want it to rain, its going to rain.
Farmer : So, should i go ahead with my farming plans as per rains or not ?
Brahmin : If the gods want it to rain it will, if they dont, it wont. I know cuz ive read the books, all of them.
Farmer : Then give me a series of valid predictions on rains.
Brahmin : God works in mysterious ways.
'=================================
Farmer : Tech Analyst
God : Market makers
Brahmin: A believer.
If you are a Farmer, you will most likely take positional trades.
If you are a Brahmin, you will most likely take day-trades (after-all god works in mysterious ways.. sometimes leaving us spellbound)
'=================================
When the seasons right, the clouds dark and the winds fm the west, i know it rains most of the time, so i go with it. Ive seen it work.. over and over, so ill stick to positional trades.
'=======================================================
As for stock manupilation, ive never seen a valid position failing - Ever. Except on some drastic news, event, but thats not 'stock manupilation'
To ayone who says theve seen something just 'suddenly reverse' i'd just ask what wave was the person in. I thnk a far better approach is to question 'what did i see wrong in this entry'.
In the end it IS the study of supply and demand, to say that technicals mean nothing is to say the markets dont work on supply and demand. And if thats the case, one better get in touch with God.
Day trading and positional / Swing trading are two ENTIRELY differnt things.
I'm not saying one cant have both skills [nothing stops an engineer fm being a Doctor too].
It depends on yr captial / study and faith in market moves.
One thing however is, no matter what kind of trader you are, you HAVE to STICK TO yr strategy (ive failed miserably at times and lost on winning positions, just fear and premature exist even with absolute minimal stop-losses)
THE FARMER AND THE BRAHMIN :
'========================
Farmer : I know its the month of June, winds turned westernly some time ago, and i see dark clouds, i think its going to rain. Ive seen it happen.
Brahmin : Depends on what the gods want. If they want it to rain, its going to rain.
Farmer : So, should i go ahead with my farming plans as per rains or not ?
Brahmin : If the gods want it to rain it will, if they dont, it wont. I know cuz ive read the books, all of them.
Farmer : Then give me a series of valid predictions on rains.
Brahmin : God works in mysterious ways.
'=================================
Farmer : Tech Analyst
God : Market makers
Brahmin: A believer.
If you are a Farmer, you will most likely take positional trades.
If you are a Brahmin, you will most likely take day-trades (after-all god works in mysterious ways.. sometimes leaving us spellbound)
'=================================
When the seasons right, the clouds dark and the winds fm the west, i know it rains most of the time, so i go with it. Ive seen it work.. over and over, so ill stick to positional trades.
'=======================================================
As for stock manupilation, ive never seen a valid position failing - Ever. Except on some drastic news, event, but thats not 'stock manupilation'
To ayone who says theve seen something just 'suddenly reverse' i'd just ask what wave was the person in. I thnk a far better approach is to question 'what did i see wrong in this entry'.
In the end it IS the study of supply and demand, to say that technicals mean nothing is to say the markets dont work on supply and demand. And if thats the case, one better get in touch with God.