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| Monday, October 15, 2007 |
| Position Trading vs Swing Trading |
Position trading is more on trading on the position, which is practically what I'm doing now. There are many ways of position trading. Some examples are EMA and band trading. EMAs are basically trend trading as they show you the trend. Long when it is going up and short when it is going down. A simple theory and concept but not many can grasp it. Band trading works differently though. They trade basely on support and resistance and believe in counter trends. Basically, they trade on the rebounds.
Swing trading on the other hand is more focused on trading on the momentum. Usually, it is very short term. I feel this is more for cash generation. I'm not entirely sure how to do it effeciently but I will be reading up on it.
Just food for thought, I think I do need cash generation so that I would have more cash in hand. CFD perfectly fits the bill due to its nature of financial charges. I might be considering this, but one thing for sure is that I won't exit too frequently as I need to prepare my trading style such that it will not affect my fulltime job when I graduate from university.Labels: NenixDreams Fund |
posted by Nenix @ 12:07 AM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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