MoneyTec Traders Community Forum - View Single Post - Day trading or positional/longer term trades?

Wallace · 05-08-2003, 11:13

Hi All, if you don’t mind and haven’t already read them, I’ll direct you to 2 of my previous posts regarding this topic:

http://www.moneytec.com/forums/_show...474cf051994264
and

http://www.moneytec.com/forums/_show...474cf051994264

The key of course to DaytoDays trading as with any other timeframe is waiting for and finding the optimum entry point, when the price is beginning a new Wave/swing/pivot.

Where D2Ds trading possibly fails is for example the May/June topping of the EUR/USD, one has to drop to an Hourly or smaller timeframe to trade, or stand aside.

Interest charges aren’t something to be concerned about, I believe they’re tax deductible in most countries.

And yes, initially one has to have a larger margin to begin the trade; however once the trade has progressed, one can always add lots/mini lots to the position. Wallace.

05-08-2003, 11:13	#5
Wallace level 3 Join Date: Jan 2003 Posts: 737 Downloads: 2 Uploads: 0 Rep Power: 0	I agree. Hi All, if you don’t mind and haven’t already read them, I’ll direct you to 2 of my previous posts regarding this topic: http://www.moneytec.com/forums/_show...474cf051994264 and http://www.moneytec.com/forums/_show...474cf051994264 The key of course to DaytoDays trading as with any other timeframe is waiting for and finding the optimum entry point, when the price is beginning a new Wave/swing/pivot. Where D2Ds trading possibly fails is for example the May/June topping of the EUR/USD, one has to drop to an Hourly or smaller timeframe to trade, or stand aside. Interest charges aren’t something to be concerned about, I believe they’re tax deductible in most countries. And yes, initially one has to have a larger margin to begin the trade; however once the trade has progressed, one can always add lots/mini lots to the position. Wallace.