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RE: Daytrading vrs Position Trading, which will make you more money?

in #trading7 years ago

Thanks Luc for sharing your methods with us all. I just found out about you (so, unfortunately, haven't seen your older videos other than the reposts to your new channel), so I do apologize if this has been covered somewhere before, but I watched your position trading video and was wondering (since these are not day trades and positions might be held for days) how/if you handle your stop-losses or limit-sell orders. I'm sure in day trading since you're watching it in real time you don't do this. Thanks.

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He never uses stop losses, because he barely has any losing trades. If he has he cuts the losses, most likely layers in the sells at next bounces.(This is all in position trading, I dunno about daytrading).