( POLL ) What type of trader are you

[addlet]

there is one type of trader that is not there and 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 and 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, and 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 and that is the size and placement of the open and 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 and 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]

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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 and 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 and 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 and charts and avoid using other tools in which i am not perfect
3. I Educate myself continuously with all the new technologies and development.
4. I keep Learning to book my losses and gains.
5. I do not overtrade. Manage my emotions in the right wy.

regards