( POLL ) What type of trader are you

[addlet]

there is one type of trader that is not there that is a 'momentum trader'.

I will stay in a trade as long as there is still momentum in the move whether it be long or short.

I've done a lot of reading of the work of WD Gann. He always talks about time price. Basically saying that everything that goes up must eventually come down....(or go sideways sometimes with quite a lot of volatility as we are seeing at the moment)

If a stock option currency or indices moves quite rapidly up in price over a period of time then that stock option currency indices or whatever must go down or at least go sideways for a similar amount of time. So it is time catching up.

How many times have we seen a strong break out bar on a stock by strong I mean a larger than average size bar in strong opposite thirds only to find that the stock has retraced rapidly over the next few days before the move decides to take off again.

I know I use to always get caught by that.

Similarly he...(WD Gann) also talks about what he calls form reading that is the size placement of the open close on a bar. He says that as a move comes to an end the bars become weak showing that the move is coming to an end basically the buyers are no longer prepared to raise their prices. All this in conjunction with direction angles of moving averages that measure the overall momentum of the particular stock or what ever.

Anyway for what it's worth there is a free website that has video tutorials on this at www.tradingslingshot.com

[forextutor]

Hi all

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[jemmy]

ELLO dude my answer will be da day trader no doubt i think most of da people will support me there. but it wouldn't be a problem if we tried the swing one coz it would be kinda interesting or what.............??

[jemmy]

ELLO dude i think my answer would be da day trader no doubt i think most of the people here will get along with me ..but there wouldn't be a problem if we tried the swing one it would be kinda interesting or what ..............???

[pinalli]

Hi i am a day trader my strategies are:
1. I Allocate not more than 3-5% of my corpus in one investment.
2. I follow this rule "It doesn't become any easy with all the technological support". Therefore i stick to my favorite tools charts avoid using other tools in which i am not perfect
3. I Educate myself continuously with all the new technologies development.
4. I keep Learning to book my losses gains.
5. I do not overtrade. Manage my emotions in the right wy.

regards

[shulink]

I began with a day trader if a stock drop too much which out of my expection I will hold it long term. So basically when I use technical analysis to pick a stock I also check out the fundamental in case I need to hold it long.

[pinalli]

Originally Posted by shulink

I began with a day trader if a stock drop too much which out of my expection I will hold it long term. So basically when I use technical analysis to pick a stock I also check out the fundamental in case I need to hold it long.

Obviously.... Fundamental are for ;long terns technical analysis is for short term.... If you try to make your trades on the basis of analysis fundamental reports then you may really get into trouble......

[AlecMac]

Hi I am a day trader which makes me a combination of scalperposition trader swing trader anyone who day trades will need more than just one strategy system as the market goes through various stages. The trick is knowing when to apply the the correct strategy to the correct market. Thats the bit that is not so easy for example after spending two years full time day trading a variety of strategies with some success some failures the overall depressing thing is this: If I had just gone long USD/JPY at the start of the two years I would have made a great deal more than messing about every day. I can say the saem for many FX ps over that 2 year period long euro/gbp long eur/usd etc. You all know what I mean? But in current times just taking a position holding would not be that wise as most of the main FX ps have broken trend most could retrend in either direction so perhaps now is the time for day trading? Again who really knows? I think times like this are used by the retail FX companies to wipe out small retail traders. Does anyone have any experience of this?
I have also just came across a site offering offshore bank accounts with overdrafts that have 98% guaranteed acceptance to any one world wide I think? Not sure if they help USA residents but sure they help almost anyone else. I have started using the account which gave me a euro overdraft of Euro2500 the only downside is that I had to place GBP500 on deposit the site is offshoretruth do a google search. I am trying to become an affiliate as I think it will be a great help for traders? Anyway I have been burned by a couple of retail brokers although had a good experience with Interactive brokers but silly old me went chasing higher gearing. Any hints on best place to trade greatly welcome thanks all.


[quote=MoneyTec]Hi all It would be interesting to find out what time-scales members are looking for in trades.