Thursday, August 7, 2008

Making Revisions for Longer-Term Strategies

Over the past few days, I have begun to make revisions to my longer-term trading strategies. I want to start taking longer-term futures trades, and I am devising methods for positioning in an emerging new trend to take greater profits on longer-term trades. By taking longer trades, I can take more of them, and I am less dependent on the intra-day price swings and market noise that often destroy the margin accounts of novice traders. By trading more different types of futures vehicles, I not only diversify my trading, but I can also take smaller positions in each trading instrument while simultaneously making more money.