Day Trading Articles

 

DAY TRADE VS POSITION TRADE by Joe Ross
We have heard many day traders say they prefer day trading because that way they leave less money lying on the table. They bemoan the plight of the poor position trader who is unable to extricate himself from a bad trade as quickly as can the day trader. They are of the opinion that they are able to extract profits quickly, while they are available. They enjoy the thrill of daily combat in the market place. Day traders also are of the opinion that they have more opportunities than do position traders. Finally, and importantly, day traders feel comfortable in not holding any positions overnight, and therefore are able to sleep without fear that they will awaken to some horrible unexpected gap in prices that will wipe out any profits that may have accrued, and which could result in a huge loss.