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This website is focused on day trading the mini stock index futures but I thought we could get a bit of a discussion going about longer term trading...
What do other people look for when swing and position trading and what money management rules do you use?
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I only swing trade or position trade during a few times per year during
market seasonal tendencies.
I've discussed one particular tendency at the below link...
http://www.traderslaboratory.com/for....html#post8215
As for management of the position, I used the same trade management as I do when I day trade.
However, the only thing different is due to the wide stop, I have to use a different position size (a lot less) to control the increased risk exposure on the initial stop/loss protection.
Simply, my position size for swing trading or position trading is reduced dramatically in comparison to my normal day trading position size.
Thus, the issue for me is position size management (the number of contracts) and that in itself is a money management method.
Mark
(a.k.a.
NihabaAshi) Japanese Candlestick term