How long do you hold your position..?

How long do you usually hold onto your positions for?

Generally speaking.

David

It depends on the time frame you are working on, and where the support or resistance is and the trend

as long as I need to. I take a trade when the market proves itself first, take the trade without hesitation, and have the trade on until the market proves me wrong (both in profit when the trend stops or cut my losses where I realized the odds of success in relation to profit is not worth any more money)

so my rule is: let the market prove itself first, and don't stop until you are proven wrong. In the mean time when you are in the trade, see all aspects of information in an objective, clear, and emotional free perspective. let the market unfold itself. Most importantly, if the trade did not go in your way, you take the trade off free of hesitation, emotional pain, and doubt.

In my case, as long as it takes. My trades usually take a couple of days to be closed but there are instances that a trade might close after a few minutes or even more than 2 days.

Anything up to two weeks

Wow,

I'm fairly green, I didn't think people held that long on the Forex......

I've been trying to figure out a way to trade "faster" to scalp a few pips here and there...

in my perspective, "scalping" is not good risk/reward as the spread is already 3 pips. However, the definition and premesis of the term scalping varies from trader to trader.

Like most ... as long as it takes ... until the charts tell me to close it.

I have trades that last mins, hours, and days. Since I don't scalp, usually not mins. But I've held a trade for 2 months and closed it when the time was right.

Happy Trading 2 u .......

i think my shortest trade was couple of hours long (got stopped out on that one) and the longest was around 12 days.

Any where from 1 day to couple of weeks.

from a few min to a few weeks nothing is set in stone i would say my avg trade is open for 24hrs

Almost identical answer to turbokaos.

My losing trades generally last 24 hours. Winning trades anywhere from a few days to a year. The longer the trade the more profitable it is for me.

30 seconds to 45 minutes.

I'm working on a longer term strategy to go along with my shorter term stuff.

From 10 seconds to 24 market hours. Depends how fast prices move.

24hrs to 2 & 1/2 weeks. Trailing stop decides for me.

till it is on positive side, ranged 2 minute to 3 month ( thank God it come back)
you know "take your winning fast and hold your loosing"

I tend to hold a position for as long as the original technical view holds, and generally scalp an increasing portion of the position the more frequently support/resistance is visited.

Gwan, generally a good idea to drop a position as soon as you realise the decision to take it was wrong. Holding them will simply kill your account eventually. That being said, I quite often will hold a position when it looks bad, but will take a hedging trade in a correlated cross to put me in a synthetic trade that looks better. Generally trading synthetically is good because it allows you to keep your leverage low (since your effective exposure will infact be reduced by half) and it exposes you to the volatility in both crosses, which if they are consolidating (as they often are) you can scalp the volatility in both crosses, whilst having a low exposure to risk.

I'm normally in for hours... sometimes less. Though if the system says stay in longer... I'm in longer.

I don't want to refute your method - you should do whatever works for you - but I feel compelled to point out for the noobs reading this thread that your stated strategy runs counter to "conventional wisdom" doled out by many successful traders. I have always been told that you need to learn to cut your losses short and let your winners ride.

Traders holding onto losing positions for long periods of time are no longer traders - they are investors.