Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 177.00

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Nov 28 9:30 AM EST

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To: Poet who wrote (727)	11/23/1998 1:34:00 PM
From: just bearly	Read Replies (3) of 56535

Hi Poet, I agree with you that swing/position trading seems to be much more profitable and less frustrating. I have been daytrading since July and I am losing my patience with it. I find it so difficult to time a stock's minute by minute movement. I keep getting in and then the stock goes right down and then I have been very good about keeping my stop losses so I get out and the stock goes right up. It makes me crazy. I just don't think scalping for 1/8 and 1/4 is going to be profitable. Also, the frenetic pace of daytrading in and out, in and out on momentum doesn't really suit my personality. So now I am trying to reprogram my brain and move toward position/swing trading for about 70% of all of my trading while still getting in pure momentum daytrades when an opportunity presents itself. I have lurked on this thread for a few weeks and this is my first post. I feel like this thread is both very helpful and very credible. I have really learned a lot. Now I am asking for help in getting into position/swing trading. All I know is daytrader strategies. Where do I find stocks to position trade? Where do I go to do my own due diligence? How do I pick targets and stop losses (my stops now are very small since I have been strictly daytrading)? Where do I aim to get in and out? Are there any books or sites anyone would recommend? I apologize for all of the questions. I just feel lost now that I am recreating my trading strategy. I thank anyone in advance for their feedback. Poet, I would love to join in the systematic position trading you have proposed. Also, thank you very, very much for starting and continuing this thread, TraderJ. The time and energy you contribute to it is greatly appreciated. Happy Trading, Tara

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