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Here's my 3 cents: Daytraders risk less but trade more frequently.
Position traders risk more but trade less frequently. The style you
choose will depend on your capital and your appetite for risk. Some
like to put on a positon trade with a stop and go fishing or golfing.
Some like to be in the markets and making a trade every 5 or 10
minutes. A Fast market is the enemy of daytraders because they can lose
a lot in a heartbeat [of course they can gain a lot too].
BrentinUtahsDixie wrote:
>
> > T-Bonds. For clarity, let me say it again, DAY TRADING THE T-BONDS.
>
> My last 2 cents regarding this. This is directed at newbies; it is my
> understanding that there are more losing day traders than any other
> approach to trading. Day trading generally requires a gun slingers
> mentality and skill. In other words you had better be able to spit out
> three correct orders while most are trying to think of one. You should know
> yourself well enough to know whether or not this is your forte.
>
> Price patterns can be found in all time frames. By the way trading price
> patterns is an interpretation of the past and therefore a lagging
> indicator. You can use indicators like Linear Regression and trade based on
> the relationship of the indicator to price as well I suspect as someone can
> trade a pattern.
>
> What you choose to do with your money in regards to buying anything from
> vendor's is your business but 'buyer be where'. My recommendation is to
> find the methods and approach to trading that works for you. In other words
> I'm not saying that you should use or not use indicators or what have you.
> You decide.
>
> Best Regards,
>
> Brent
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