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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Tim Luke who wrote (3552)12/22/1998 10:16:00 PM
From: Glenn  Read Replies (2) of 90042
 
I loved that post. I'm very happy to see you back. You taught most of us the definition of position trading and generated a very sophisticated following of people.

I prefer position trades. It feels less mechanical. Also the stocks to play are very different. This is why I spent most of my time on this thread after most left. This thread has remained more centered on position trading. The favored stocks for daytrading are different from the daytrading stocks. They are much more difficult to play without plenty of experience. Smiles, playing onsl took skill yesterday. Cool was no easier today. The picks on Joes thread make the very experienced traders happy, and seem to frustrate and anger the less able or capable traders.

I have split my accounts in half for sanity since the rules vary so radically. One half is for position trades. It now holds OSI and probably should hold a couple of other favorites of mine. The other half contains zip. I'm playing to the rules of day trading now.
The rules of trading and the characteristics of your broker dramatically differ between the two styles. Position trades are much more forgiving on brokers than daytrading.
I think its most appropriate to go 100% position trading (a style that does not require babysitting your stock) in early Febuary.
Comments, as always, are enthusiastically welcome.
Smiles,
Glenn
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