I am a day trader and hold my positions from a few seconds to a number of hours. I’m primarily a scalper and am looking get advantage of short-term imbalances between demand and supply. I will relax in a trade as long as I can identify a supply/demand imbalances.
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In the early 1990’s, I finally understood I needed a successful trading philosophy, to build my foundation trading knowledge around. I studied could world’s best traders. This included William J. O’Neil, Jesse Livermore, Bernard Baruch, Gerald Loeb, Nicolas Darvas, Richard Dennis, W.D. Gann, Jack Dreyfus, Amos Hostetter, and others. I found out they all traded with little question. They were for the most part, trend followers. I based my trading philosophy on drinks . premise as plenty of of earth’s best day traders.
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