Slow

One of the big difficulties in trading I've had is finding out what kind of trader I am. Right now I'm a shorter term currency trader (hours or days) and a longer term equities trader (weeks or months). Although I really enjoy trading currencies I don't really have the time while I'm in school. This is forcing me to become a longer term trader.

One of my strengths is longer term technical analysis, but I'm not very good at trading this analysis. I prefer the immediate feedback of short term trading. Waiting months for a position makes me overthink and usually exit early.

The problem for me with currency is that the amount of time I can devote to trading varies with the level of school work I have, but I'm not able to distance myself from the market. It seems like I'm either following the market (constantly checking quote, reading blogs/twitter, reading news) or I'm out of the market (not paying close attention). I think it's difficult to find a middle-ground.

Currently I have two long-term put positions. I have stop losses with alerts on both of them. I'll adjust the stops on them, but I won't exit them unless they get stopped out. And I'm only checking the daily close so that I'm not tempted to watch them all day.

Over the summer I'll be glued to my screens, but for right now I'm slowing my trading down.