Forex Questions and Answers - FXAnswer

As an active trader I would say that the majority of weak longs are made not born. Traders come into the market to make money. That is the bottom-line. What tends to happen over time is that new traders will often take the early lumps associated with starting out in the game. These "lumps" will often cause traders to go back into their trading shell. Traders will go through cold streaks, much like an athlete, but you as a trader can not allow your cold streak to turn into bad habits. The stock market is about odds, so you have to assume that "x" percentage of your trades will not work out. If you find yourself constantly staring at your stock 30 seconds after you entered the trade, and find your hand shaking, you have now joined the weak long club. How to stop trading like a Weak Long Below are a some solutions that can improve your trading if you find yourself unable to hold positions: 1. Trade smaller - using less money will allow you to open up your risk parameter to get back on track 2. Place a stop loss order - by placing a stop loss order, you are accepting the risk with the trade and can therefore allow the stock to move up or down knowing that you have your protective stop in place 3. Sell half of your position to book some profits - can help by taking the edge off, with the possibility of more gains 4. Trading System - trading systems will provide you the ability to leave the trading up to the computer, which will force you to abandon your weak long imp

Refers to the group of investors that holds a long position and is quick to exit that position at the first sign of weakness. This group of investors is generally looking to capture the potential upside in a given security, but is not willing to take much loss. These investors will quickly close their positions when a trade does not work in their favor. Weak longs are regarded as the opposite of true long-term investors because they are not willing to hold their positions through all types of fluctuations. Weak longs are generally short-term traders who are looking for a quick profit. When the situation is not looking good, they will close their positions and go looking for opportunities elsewhere.

Weak longs are regarded as the opposite of true long-term investors because they are not willing to hold their positions through all types of fluctuations. Weak longs are generally short-term traders who are looking for a quick profit. When the situation is not looking good, they will close their positions and go looking for opportunities elsewhere.

Source(s):

investopedia.com

Weak longs refer to traders who do not maintain long positions but look for short-term trades and quick profits.

Refers to the group of investors that holds a long position and is quick to exit that position at the first sign of weakness. This group of investors is generally looking to capture the potential upside in a given security, but is not willing to take much loss. These investors will quickly close their positions when a trade does not work in their favor.