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Your Trading preferences?

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What is Your Trading preference?

1) Strictly day-trading.
0
No votes
2) Mid-term - can keep the positions open upto a week or 10 days.
1
20%
3) Longer-term - can keep the positions open for more than 10 days.
0
No votes
4) Mix - Depending on the market situation/dynamics
4
80%
 
Total votes : 5

Re: Your Trading preferences?

Postby Kikizyak » Wed Sep 30, 2015 4:36 pm

Sydney Callaway wrote:I usually have multiple trades on in my account where I do trading on different styles, I have enough capital to do both long term and scalping at same time, it is also dependent on the market situation, if there is clear long term signal then I just do that but if there is opportunity for scalping then I do move towards there.

Currently I have great support from OctaFX broker, so I do both alongside each other, I keep a long term trade going that gives me slow but stable profits and due to swap free account, it’s no issue to let it go for as many days as I like while for scalping they have very low spread of 0.2 pips, so both ways I can do well.

Be careful with swap free accounts. FBS, for instance, take extra commission for every day of trading on swap free if you have open trades. Swap free with swap!
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Re: Your Trading preferences?

Postby radex78 » Mon Nov 23, 2015 1:38 pm

Usually I have plan for swing target which sometime let order few days, but sometime also depending with my update analysis, if likely the trend will changed, sometime cut profit or loss before reached target plan, maybe this is not good habit, but sometime still hard to control emotion.
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Re: Your Trading preferences?

Postby Sininfinity » Sat Dec 05, 2015 4:37 am

When I enter a trade I don't know how long it will stay open. But my target stays I will close it within the day. Sometimes it does not happen and I have to keep the trade open for next day or more if needed.
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