Different between 2?
1) Position trader is person whom maintain buy or sell with condition applied, which when price is below target, they do buy or sell until reach his target
2) Momentum trader is person whom only target buy or sell with condition, which is when price is successfully breakout, they buy or sell up to his target.
3) Changing from those two type of trading, give different impact or payback. For example during market upset, most of trader are eager to trade momentously in short period. But this doesn't applied to position trader which only goes well with market is on-the-go rally.
What is my strategies?
1) For most important part in trading, always remember to do your "Trading Plan" before entering the market
2) Particularly after choosing your best stock counter, remember to plot your basic "Resistance/Support" position.
3) Not to forget, plot your 'TP' profit target & 'SL' stop lost point.
What's next step?
1) Suggesting if you are going to enter stock which has a 50:50 chances of winning, please be ensure to start entering with lowest buy. (at your rate) in a last close point.
2) Monitor the price action. Do additional buy when there is a potentially breakout successful.
3) Realized your TP or SL when it necessary.
1) Position trader is person whom maintain buy or sell with condition applied, which when price is below target, they do buy or sell until reach his target
2) Momentum trader is person whom only target buy or sell with condition, which is when price is successfully breakout, they buy or sell up to his target.
3) Changing from those two type of trading, give different impact or payback. For example during market upset, most of trader are eager to trade momentously in short period. But this doesn't applied to position trader which only goes well with market is on-the-go rally.
What is my strategies?
1) For most important part in trading, always remember to do your "Trading Plan" before entering the market
2) Particularly after choosing your best stock counter, remember to plot your basic "Resistance/Support" position.
3) Not to forget, plot your 'TP' profit target & 'SL' stop lost point.
What's next step?
1) Suggesting if you are going to enter stock which has a 50:50 chances of winning, please be ensure to start entering with lowest buy. (at your rate) in a last close point.
2) Monitor the price action. Do additional buy when there is a potentially breakout successful.
3) Realized your TP or SL when it necessary.