Resolved Question
Which do you think is better? Daytrading or Position Trading?
over 3 years ago
Best Answer - Chosen by Asker
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.
over 3 years ago
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Answers (2)
If you do it part-time, I suggest you do position trading. Watching the charts the whole day will eat majority of your time.
over 3 years ago
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I used to daytrade for 3 months, it was very stressful. I like position trading better, less time to look at the charts and more time for other things.
over 3 years ago
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RRMessiah
I disagree. Day Trading may be stressful at times, but if you're only getting a few pips you're using a bad strategy and approach.
Frankly, I believe Day Trading is less risky than buy and hold simply because if you're just looking at the price once, or even a couple, times a day, your buy and hold mentality not only forces you to lose out on gains with swings, but opens you up to more losses.
Day trading with stops and support and resistance levels in mind will lead you to greater success in my experience.
over 2 years ago
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