|
PureBytes Links
Trading Reference Links
|
Hello Hans,
Position trading is the taking of a position based upon some technical
indicators that you put together. Let's say you will take a position using
the following. When a 3 day moving average goes above the 5 day moving
average. And will close the position when the 3 day MA closes below the 5 day
moving average.
So for me I have been flying by the seat of my pants the last week. Now I am
still doing that based upon intraday actions in the market. So if my "day
trade" fails I can either position trade it with my end of day trading
system. i.e., take another position at a later time based upon my trading
system. And possible not closing out that original position for some time.
Which is a matter of personal preference.
Since I have been shorting stocks for the most part, my strategies seem to
work on that original position. You just need to make sure you are not
shorting something like AMZN and expect to position trade it as I suggested
above. Other people have slightly other variations on what position trading
is. But basically take up a position in the market for a few days based upon
your trading system.
Harley
Hans T. Hingst wrote:
> Harley, what do you mean by "then I position trade them?"
>
> Hans
>
> -----Original Message-----
> From: Harley Meyer <meyer@xxxxxxxxxxx>
> To: Metastock list <metastock-list@xxxxxxxxxxxxx>
> Cc: Alan Kwong <alankwong@xxxxxxxx>
> Date: Tuesday, September 08, 1998 10:51 AM
> Subject: AMAT & NWAC
>
> >I took up a position in AMAT at 25 9/16 short 100 shares and I added 100
> >shares @ 27 to my short position in NWAC. For a total of 200 shares
> >short in NWAC and 100 in AMAT. I was up about $200 anyway from the first
> >NWAC position.
> >
> >Why? Well the market has brought both stocks up and since the market was
> >up over 300 pts. this morning it has only one place to go for part of
> >the day. Down. If both go against me then I position trade them. Also
> >the strike at NWAC has canceled more flights.
> >
> >All the other fundamental reasons still have not changed.
> >
> >On a side note market breadth this morning was very impressive. Over 50
> >to 1 up to down volume on the NASDAQ and over 20 to 1 on the NYSE.
> >However declining issues on the NYSE are beginning to climb.
> >
> >Just waiting for the DJIA to break below 200. Hopefully it will cause
> >more selling.
> >
> >
> >Harley
> >
|