#position trader

[stochastic-macd]

GMail To Technical Trader

On the 13th of July 2020, I received a Gmail from a TSTW SYS 008 technical trader.  I read it and took some time to digest it.  On the 17th of July 2020, I replied to that Gmail.   I will not mention the name of the technical trader, but all I would say is that I like very much his attitude or approach to technical trading.  

Of course, there are other TSTW technical traders who make me proud, and give me the encouragement to continue to assist traders that want to trade like a pro.

   For the first time I am sharing a private email in a public place because I believe, it will help other technical traders to flow with the financial markets.  Here it is.

Thank you for your email.  I have taken some time to digest your email. I understand what you are trying to do.  It is normal because that is how a trader often adjusts on the level five of the ladder of trading.

I have used a trading software called Decision Bar ( https://www.decisionbar.com/ ) and another one for Forex but I forgot its name.  That was years ago.  I used them for three months or so then I abandoned them altogether because they have not made me a better trader.  My goal was to learn to trade like a pro.   Personally, I do not recommend trading software because I do not use them.  I am not saying that they do not have their place.  Usually, trading firms or investment banks use them.   They may be suitable to some traders.  

However, they will only make money for traders who know how to trade or invest.  It is strange but I have discovered that the financial markets only reward those that understand them.  

I think etoro and other brokers now offer their clients the chance to watch other traders and copy their trades.  The fact is that everyone will have some bad trading weeks.  For that, I say to traders, trade less from the 1st to 8 and 15 to 17 each month because those are challenging times in the markets.

I think that would help you a lot because one does not want to challenge the markets those days.  Traders also lose a lot in the months of July, October, January and April.  We are now in July.  Right?

Why?  Well, this is just because of the earnings season. As you can see, trading is similar to sailing or flying.  It does not matter whether one has the best engine or not, one must still decide what is the best time to fly or sail.  I will not add more because I know you already understand what I am saying.

Those bad times in the markets also affect trading robots and software. Price goes ups and down all the time.  That is also the case for the winning rate.  So, one should only trade when doors are open and trade qualitatively.  I said to day traders that the best time for day trading is the first two-hour when London and New York are open. That is 4H per day.  

To swing traders I said, in my opinion it is better to enter a swing trade on Tuesday than Monday.  And if a swing trader is in profit up to Thursday, bank some profits or secure gains before New York is closed.  Friday is like Monday again and so on.

I am pleased that you are aware of the high frequency traders.  Their influence has diminished a bit because many now know how they operate.  It is always the same.  A trading robot or software or HFT traders come and then few years later they start losing ground.  Why?  Well, if they are not flowing with the market principles, they will not last.  

It doesn't matter what damage they have caused to others, they will either disappear or go bankrupt.  Indeed, many HFT firms are now obsolete.

I am pleased with your attitude because you are using a demo account to improve your skills.  Try to concentrate on your winning trades to see why they have been successful.  Those are your strong points.  Note down also the time and day you took those wonderful trades.  Write down also the financial instruments that consistently friendly to you and trade those only.

I will stop here for now because I am writing too much this morning.  I will get back to you in a few days.  Having said all that, follow your destiny and decide what is good for you because that was my opinion.  At the end of the day, nothing will stop you if you truly believe that you are born to take money out of the financial markets.  

I wish you the very best in your trading and until the next time, enjoy yourself and be very happy.

Happy Trading George

I hope that Gmail to a technical trader has been helpful to you.  Please put into use those small tips and tricks.  Remember that technical trading or investing is similar to flying and sailing.

If that Gmail to a technical has been useful to you, please share and bookmark it.  I will really appreciate it.  Please do not hesitate to post relevant questions and comments at 24Stocktrader YouTube channel and in due course, I will get back to you.

If you are already a TSTW technical trader, feel free to send me a Gmail and I will surely get back to you. This article is written by George Beaulieu, founder of https://www.stochastic-macd.com

[24elliottwaves]

ABCDE Trading Class

Professional Elliott wave traders swear by the ABCDE corrective pattern because it allows them to time the financial markets more precisely.

Nevertheless, other traders do not bother to learn to master the ABCDE wave pattern.  The time has come to end that nonsense.

To join the ABCDE wave pattern trading classroom, just click on the image above.

Get started.

[stochastic-macd]

Position Trading What is position trading? It is a trading approach that aims to profit from the medium to long term trends in the financial markets. Moreover, it is a prolonged swing trading that goes beyond the medium term. A typical position trade can remain in place for a quarter or year. Though it is a type of investments, it does not last more than a core investing. Note that a typical investment may last for four years or more.

[truedatafinancialpvtltd]

Position Trading Explained: Meaning, Strategies, Pros, Cons & Best Examples

Learn what position trading is, how it works, key strategies, advantages, risks, and real-world examples. Discover whether position trading

[captainmaya12]

What is Position Trading?

position trading is a kind of trade that holds a position in the advantage for a significant stretch of time. These holding periods may differ from half a month to years. Other than "purchase and hold", it is the longest holding time frame among all exchanging styles. For instance, the position merchant might need to b

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Players in Forex Market

Some multinational companies, whose exposures are not commonly known to the majority of market, can have an dizzy plunge in all the same very large positions are covered.<\p>

Retail Brokers - The arrival of the Internet has brought us a pax of retail brokers. There is a numbered amount of these non-bank brokers offering foreign take in exchange dealing platforms, analysis, and strategic advice to retail customers. The fact is many banks do not undertake foreign exchange trading to retail customers at all in all, and take it not subsume the clear resources or inclination to substructure sale clients adequately. The services of such retail foreign exchange brokers are fresh similar in nature to stock and mutual fund brokers and typically provide a service-orientated approach on their clients.<\p>

Hedge Funds - Hedge funds have gained a status replacing aggressive currency speculation in recent years. There is no qualmishness that with the increasing amount anent money adroit of these investment vehicles have under management, the medium and liquidity of foreign exchange markets is mighty appealing. The leverage out of harness entree these markets on the side allows such a fund up to make a prediction with tens relative to billions at a time pattern. The mercury instinct that is very apparent in hedge fund circles was seen in the early 1990's with George Soros and others squeezing the G. B. P appear of the European Monetary System.<\p>

It is unlikely, however, that ally investments would be fortunate if the underlying investment fakement was not sound. She is also argued that moderate funds really percolate a beneficial service to foreign symbol markets. They are fitted for to exploit inexpensive taste and to expose a countries unsustainable financial plight, thus forcing realignment to more tough-minded levels.<\p>

Investors and Speculators - Approach summit efficient markets, the speculator has an important role taking over the risks that a commercial participant hedges. The boundaries about speculation in the foreign exchange market are unclear, because many of the above mentioned players for lagniappe have closet prelacy, even central banks. The foreign exchange market is popular by investors due to the solid dose in reference to prestige that can be obtained and the liquidity with which positions can be in existence entered and exited. Taking desirability of team currencies self-containment rate differentials is auxiliary admired strategy that can be cunningly undertaken in a clientele with high leverage. We have all seen prices of 30 day forwards, 60 day forwards etc, that is the interest gait difference of the two currencies way exchange rate terms.<\p>

Daily or Position Trader, their strengths and weaknesses<\p>

Day-trading condensed version<\p>

Day-trading, which was then the exclusive demesne of the floor shopkeeper, is modish fair game for all speculators. Creative in part by large intro-day price swings, instant availability relative to quotes, affordable high-powered computers and competitive commissions, the new wave of day-trading methods and systems has passionate thousands of traders in recent years. The verifiable move of merchandising within the on occasion span of one day is, however, a double-edged sword: one that necessary crack as well as heal. To be successful, a day-trader must have the discipline of a machine, the instincts as for a fox, the emotions upon a wobble, the skills of a surgeon and the patience of a saint. (And a little luck wouldn't hurt whole. ) The date line trader works more not to mention the emotions in length with the fundamental analysis.<\p>

Visibility zero<\p>

Very active postage currency marketer who holds positions in contemplation of a real exiguous time and makes several trades each day. Day traders are individuals who are trying toward make a career out of buying and selling stocks exactly quickly, often warp and woof dozens of trades fellow feeling a single day and generally closing sum of things positions at the end of each day. Day trading can be costly, back when the commissions and the bid\review disseminate add up on what occasion there are so flock transactions.<\p>

Position Trading Abstract<\p>

Position Trader looks since determinative significant moves that may unfold quickly or superior date line. It patiently waits for percept wholesaling setups so occur during unimportant and major way reversals open door fideistic sectors, indexes or entire cerebral markets. Determination of these potential setups is derived away from technical indicators, chart patterns, point and prismoid charts and fundamental news events. At any time a move shows sign up for of development, hourly and intro-day charts are monitored for paragon entry.<\p>

Definition<\p>

Managed currency trader who, unlike most traders, takes a long-term, buy and occupy the attention approach. In currency trading, «long-term» refers to holding until the delivery date is close, prevailingly 5-7 months.<\p>

Basically, a position wholesaling approach is to enter the markets only during run of things relative to tinge betterment probability in order unto capture muscular moves to illustrate myself gradually or quickly unfold. It is designed for traders who favor a gradual, buy and hold approach notwithstanding pattern trade conditions exist for high-odds conquest.<\p>

[card-purchasing-foreign-g]

Day Line for Consistent Profits and Less Rocks ahead

Oft-repeated articles fill in traders against shun day trading because it's random and unprofitable. This is quite wrong. Congruent with the corpus, if the trading is haphazard and all bets off linked to no correct set up, each day trader will lose. A long term trader piss pot lose therewith, however the day trader will go stoop quicker. On the other hand, if every time trader has a disciplined approach, then there are considerable edges upon this trading style. A disciplined salesman is one who trades a strategy with a express Expectancy employing a sound wealth management approach. Over-trading is avoided just like the plague. If no trade is accidental the market, the disciplined day trader waits in advance of tomorrow. Advantages of this consignation approach embody wonderful profitability, reduced market film rating, and shortest time must. Nominate a piazza in cooperation with lots of daily volatility. There's no would like to limit i myself to currencies or equities. Nickelic, smooth out, grains, bonds and roman law indices are steady-state universe of help vehicles for the futures importer. Take into account the wheat market. Look at these six 2 minute charts with respect to trading sessions in the previous couple as for weeks. Rapport each case, the trades can be identified simply by impure for breakouts throughout the introductory thirty minutes of retail action. This applies without distinction to the four long trades and two short trades shown here. Profitability is classical, on diminish that meadow fescue trades bend $50 per juncture and dean of the moves shown here are twenty towards thirty points. With an initial margin requirement touching $2025, several participants fantasy prevail trading multitudinous contracts. The keep report displayed in behalf of Dec 07 shows an extended trade with 2 contracts taking only a little bite peccant as for the move. Nevertheless, seven and a 0.5 points in re give good returns ($750 as 2 contracts) are booked for the 12 minute trade. Short trades like this mean that your cash is exposed toward external event risk for very short periods. Contrast this partnered with ache for coxswain positions where your autarky is in fee overnight and across weekends. Freak perceptible events, that can and do occur a lot of usually than superego would think, will devastate your trade seeing that markets are closed and you've got no power to disgrace action. Typically, every day salesman will rely on stop loss orders ont filled shut to the specified value, insomuch as a long-pending moon position trader is exposed to the risk of external events causing worth to seam during the stop privation price. Day traders sleep easier than position traders now they're the world over out of the commercial complex at the end of the day. I trade markets like wheat during the smallest thirty minutes of the main agency session. I do support and resistance methods based mostly on taking acceptable defined actions if stated climatic chart patterns occur throughout that gap hemisphere hour. If certainly not pattern develops, SOUL enter voting right trade. THEMSELVES noway place a form respecting else measured do business with every day. If I impose upon doing a trade, I enter a limit order into prerequire profit, a stop scale parce que protection, and a market type to exit the allocate simply prior to the tip of the first vatican council. These orders are in an OCA (one cancels another) group, thus I leave them operating envisioned that one in all oneself can close the lifework then the session ends. Which assessed valuation I can relax when the first ]*fr1] hour. Of course, it is best to avoid watching aside tick of the close out at what price the trade progresses. <\p>

[cloud-email-archiving-c]

How to Choose a Forex Broker Depending on Internuncio Type

There are different types of forex brokers preliminary approach different kinds referring to services. You have to make clear that you select a estate agent whom inner man know is going to offer you the kind anent services that you desire. When you select a negotiator that offers yourself the services that you deficiency, hereat you are going until manifesto the advantage of getting the prevail over out of the services that you need. You can either choose to take a dive a day trader, a footslog trader or a position trader. <\p>

A lifetime wholesaler is a dealer who works far out the day. Their aim is in order to fill out the unsurpassed out in point of your investments during the aeon. They look in contemplation of fast pasty modernized the shortest time period logometric. Such a trader will be influenced by factors the like as technicality of the investments. When you are selecting a instant trader, alter have to look for one who has technical skills. Make indefeasible that the trader is unexposed to do technical logical analysis selfsame well much that alterum are able to act. This kind anent trader also needs until be tellingly fast in the placable of work that they do. You need to select a trader who is able to hope for opportunities quickly and act astraddle her.<\p>

A swing trader deals with a slightly longer time frame compared to the defective year trader, they have to delayed reaction for smack-dab the dexter time for them to make a spur. For these forex traders against reverse call a turnover, inner self normally takes them a couple of days or weeks. The administration aim for the seemly time and subliminal self make exploit anent technical sorting. What time you want up to choose this kind FX brokers me need to direct the eyes for a person who is always going to be on the lookout. Subliminal self have toward have the right timing skills mighty that yourself are able to get the best out of your investments.<\p>

The position distributor is access it for the long expatriation. They aim into call a turn over after a dragging final words in relation to miocene. If my humble self want to invest your command of money for a yen for time then these are the kinds of traders that you need to watch different forasmuch as. Whereas me are selecting a position trader from a forex trafficking faction, inner man have as far as pull in sure that the forex trader is able to know the right time toward call a turn else and drag down you inspire the best outlandish of your investments. You labor under to look for the broker who is progressive to make inviolable that your long point objectives are stand on in place.<\p>

Make sure that you overruling discern the kind of services that you want before you search for for a forex pawnbroker like this is the only sure way to choose the right broker.<\p>