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TJ,
How long did it take you to psychologically move from day trading to
position trading? I am finding it really difficult to maintain a
position.. I guess the noise
freaks me out.
Don
tradejack wrote:
>
> when i first started trading two decades ago, i position traded,
> mainly due to the lack of readily available intraday quotes. cqg
> changed that forever with quotes to the masses, although at a high
> price. so, i switched from position trading to daytrading.
>
> why? i was psychologically unable to hold positions overnight and days
> and weeks at a time.
>
> so, yes, in the beginning, the psych factor weighed heavily in my
> decision to daytrade.
>
> but i equally believe that in managing opm, one must position trade or
> at least short term swing trade to be successful.
>
> TJ
>
> ---KIMBOLEGSA@xxxxxxx wrote:
> Did anyone give any thought to their own personal psyche before
> choosing trading timeframes/methodologies or do most of us just dive
> in, somewhere,anywhere, suck it and see?
>
> Then, if it doesn't work out for us, do we immediately (perhaps, too
> soon)assume that the loss was inevitable because of the timeframe or
> methodology?
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