By Marketwatch.com
Omens point to market rise
Stocks look to extend gains next week in a post-Bear-Stearns world
Thank God at least a small piece of good news!
I hope to get out of the stocks I've entered. And I'm looking at which indicator to use to setup suitable system for myself to profit. As currently I'm too confused what kind of trader I am.. position or swing. In a sense that my mindset has always been a position trader however all my actions seemed to be pointing to swing.
Day Trader :Trades intraday. A stock trader who holds positions for a very short time (from minutes to hours) and makes numerous trades each day. Most trades are entered and closed out within the same day.
Swing Trader :A trader who trades the daily charts. Trades last 2-5 days.
Position Trader :A type of stock trader who holds a position for the long term (from months to years). Long-term traders are not concerned with short-term fluctuations because they believe that their long-term investment horizons will smooth these out.
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