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Which do you think is better? Daytrading or Position Trading?
Whats your personal favourite?
- 5 Answers
- In Forex Strategies
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- thegreeks
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- 1 year ago
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I will Day trade with larger position at active hours. (preferred) |
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I've tried both. Daytrade is very stressful. You have to sit long hours in front of the computer just to get a few pips. Position Trading on the other hand is less time consuming. This is what I am using now. I don’t have to trade all the time because I can make a good trade in a day and be done for the month. |
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Both have advantage and disadvantage. In position trading you are trading a higher time frame hence you do not have to be at your computer all the time while a day trader may trade at a lower time frame and may need to be at the computer more. With position trading your risk is higher as your stop loss is bigger. With daytrading your stop loss will be smaller however you need to monitor your trade and close it. |
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It depends on your personality. If you prefer to hold open positions for an extended period of time, aiming for long-term profits, and it works for you, then fine. |
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Day trading limits my risk, as I have 100% control of my position while in front of my PC. |
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