View Poll Results: What type of trader are you

Voters
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  • Scalper

    726 28.88%
  • Day Trader

    875 34.81%
  • Swing Trader

    596 23.71%
  • Position Trader

    150 5.97%
  • Long Term Trader

    83 3.30%
  • Buy and Hold Trader

    27 1.07%
  • Other: Post on the thread..

    57 2.27%
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( POLL ) What type of trader are you

This is a discussion about ( POLL ) What type of trader are you within the General Trading Forum section, where you will Open discussion on all aspects of trading and short-term investing.; Originally Posted by ruseneca Well, you are not basically but completely day trader. Scalping is when you trade with the really high volumes, more than 60%-70% of your margin, and you close the order within

  1. #181
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    Quote Originally Posted by ruseneca View Post
    Well, you are not basically but completely day trader. Scalping is when you trade with the really high volumes, more than 60%-70% of your margin, and you close the order within 10 minutes maximum. Else, while I'm practising a day trading, the average life of my orders is 30-40 minutes up to an hour, depending on the time needed for price retracement after a clear trend.
    That's right. But in scalping account, I was talking about the trades in which I get stucked, I try to get out as soon as the price comes in my direction or blows my account, so sometimes it even takes 30 minutes for that.

    You can't count me as a professional scalper. I do scalping sometimes and even have to hold a trade for around 30 mins even in the scalping account.

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    I voted for swing trader but sometimes I like to be a Buy and hold trader when the market allows me to do that succesfully :d
    Some of my positions usually last for 2-3 months as I want to grab at least 50 pips from each one. I use many styles but the most used is really swing

  3. #183
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    I am a swing trader and a position trader. Mostly a position trader. My mentality is, 'What is the probability this pair will reach this price in 1 months time'. I've made a thread on my comprehensive trading strategy - A Comprehensive Guide to Profitable Trading; by YES . It's only a shadow of my overall principles and methods but it's a work in progress. It just takes time, which I don't have much of these days!

  4. #184
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    I prefer to be a position trader, It is the best trading strategy in my own opinion about the forex trading market. This is because it afford us the time to do other things that might be necessary for us unlike the scalpers that will need to be online at all times.

  5. #185
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    Quote Originally Posted by chuna1985 View Post
    I prefer to be a position trader, It is the best trading strategy in my own opinion about the forex trading market. This is because it afford us the time to do other things that might be necessary for us unlike the scalpers that will need to be online at all times.
    Well, I'm looking to get in with a demo account, so I suppose this would make me a 'day trader'?

  6. #186
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    Quote Originally Posted by MadMaxWagar View Post
    Well, I'm looking to get in with a demo account, so I suppose this would make me a 'day trader'?
    What do you mean? What are you looking for in demo account so it made you become day trader? If you want to become day traders so you will open few positions and set TP and SL in each transaction that you made. Usually day traders will use set and forget in their trading.

  7. #187
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    Quote Originally Posted by andry777 View Post
    What do you mean? What are you looking for in demo account so it made you become day trader? If you want to become day traders so you will open few positions and set TP and SL in each transaction that you made. Usually day traders will use set and forget in their trading.
    He probably has no idea, lol. Day trading seems the most 'easy' to me. Pretty much a "set-and-forget" type of system there.

  8. #188
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    I'm mostly long term--but I like the idea of splitting profit targets when appropriate (one long term target--another shorter term for a smaller setup). By being both I face the reality of multiple potentials and make money if the scenario for a long term target fails or is miscalculated...

    I think gaining multiple perspectives and being open to question how certain strategies can be combined/complement each other is potentially useful.

  9. #189
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    Quote Originally Posted by iorek View Post
    I'm mostly long term--but I like the idea of splitting profit targets when appropriate (one long term target--another shorter term for a smaller setup). By being both I face the reality of multiple potentials and make money if the scenario for a long term target fails or is miscalculated...

    I think gaining multiple perspectives and being open to question how certain strategies can be combined/complement each other is potentially useful.
    I am also planning to be a long term trader but emotions not allowing me to do so and making me to close orders in short term

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    Smile

    Hello guys,

    It depends on the person availability of time. For me, Scalper is the best.

  11. #191
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    I am day trader and want to make money in trading.
    Last edited by nick74; May 4th, 2012 at 11:31 PM. Reason: Removed link. Please add links in your signature space.

  12. #192
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    Quote Originally Posted by Jack Francisco View Post
    Hello guys,

    It depends on the person availability of time. For me, Scalper is the best.
    I do scalper too... But Forex scalping is not a suitable strategy for every type of trader. The returns generated in each position opened by the scalper is usually small; but great profits are made as gains from each closed small position are combined.

  13. #193
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    I prefer scalping too)

  14. #194
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    any type of trading is important to stay disciplined
    Always use good money management

  15. #195
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    but sometimes I guess I'm a day trader too


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