#MyTradingStyle #MyTradingStyle Duration of Trade: Duration wise, position trading is the longest of all, from months to several years.

Time Commitment: This trading style requires lower daily commitment as it’s more focused on long-term trends.

Research and Preparation: To trade longer-term trends, you will need to do plenty of technical and fundamental research to make solid valuation forecasts.

Knowledge/Skills: Position trading requires a strong understanding of market fundamentals and macroeconomic trends in addition to technical analysis skills. Possibly, fundamental knowledge may be much more important than technical analysis, as you’re trading economic trends.

Financial Risk: As long as you have the capital resources to trade long term, you will have the time to manage your positions actively in order to mitigate your risks. But again, this requires you have the resources to do this. In short, position trading stocks can be less risky than futures, as futures typically carry more leverage than stocks.

Personality:This style is best suited for patient individuals who are confident in their long-term analysis and able to resist the temptation to react to short-term market fluctuations.