The goal is to profit from the move in the primary trend than day-to-day price fluctuations.
- It is the polar opposite of day trader because the goal is to profit from the move in the primary trend rather than the short-term fluctuations that occur day to day
- Position trading takes the momentum style of trading and further eliminates the importance of the entry
- The primary concern of the trader here is to be in the market when the price does eventually make its move
- Traders often build their position into the market over a period of days or weeks as the price moves
- The main component of this strategy is a confidence in the prevailing fundamental conditions driving the price and the anticipation that the market will eventually move in the desired direction
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Steps to Earn from Stock Market with us…
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