So when you trade that you have to know your trade strategy.
Are you an investor or are you a swing trader.
Are you with a trader.
The simple answer is to come from you.
If you're holding a security uncomfortable are you holding that position overnight.
If you're not comfortable that means that you better off day trading the security.
How comfortable are you holding the position.
Couple of days five days two three four five days.
If the answer is.
I'm quite comfortable with that.
Then you have more of a swing trade approach between two days in 12 or 15 days that's considered retreating
into the position or the fall between two days and 15 days and then you're out ask yourself what comfort
will it be all in the position for three or four months that case that qualifies you more as a potential
trader between a month and a year.
That's a position trader and many investors investors are those that hold positions for two three four
five ten years.
Long long term.
So depending on your trading strategy that's the kind of comfortable you are with the positions for
extended period of time or stress by holding position for short periods of time.
Everybody is different.
So as long as you know what what got you bought with makes you comfortable.
Put it that way.
And sometimes the monkeys.
I'm generally a street trader but I also trade.
In fact if there are opportunities that I can jump in and jump out and send them a couple of hundred
dollars and they should take the opportunity I like to hold positions for a few days.
So you get bigger gains but you're also putting up with the stress on all the positions overnight.
You never know how things are going to roll in your favor or against you.
So this is all part of the trading plan.
Once you know what it's like trade in I really like the trade name you can have a trading lane.
OK.
This is very important.
So they trading positions for a few hours in and out.
And you mentioned this is very short in and out few pennies in and out you pennies in Japan isn't that
what they it.
But you can be profitable and then you have seen through them all the position for between two days
and 15 days and then you have the position trigger which holds position between a month and a year or
a month or six months one is six months month from here depends.
And then investors who hold positions for longer periods two years three years 10 years 20 years.
So they're up there bring some clarity enough to understand what kind of trader you are so you can make
your own trading strategies and plans moving forward.