Trader, What would be your average time holding on to a position before closing it? | Forex Factory

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Trader, What would be your average time holding on to a position before closing it?

  • Poll

  • What would be your average time holding on to an open position before closing it?
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  • #1
  • First Post: Jul 15, 2008 2:35pm Jul 15, 2008 2:35pm
Hello Traders,

My Name is Dimitri and Im from Mexico City. Im new to forexfactory.com hope to learn a lot from all of you.

I usually submit polls because its faster feedback and it could help make a certain conclusion.

MY QUESTION IS:
Trader, What would be your average time holding on to an open position before closing it?

***I am aware that it does depend on market conditions and other stuff. What Im trying to present here, is the average time traders hold on to an open position before closing it.***

OPINION POLL ABOVE.... Any constructive opinions accepted.

Thank you, Good luck trading

Dimitri
  • #2
  • Jul 15, 2008 2:38pm Jul 15, 2008 2:38pm
where is the poll?
  • #3
  • Jul 15, 2008 2:42pm Jul 15, 2008 2:42pm
In active market - a few seconds to maybe 20-25 seconds on average. In a slow market a few minutes tops.
  • #4
  • Jul 15, 2008 2:59pm Jul 15, 2008 2:59pm
there is one live account i have with one particular broker, i opened the short postions on eurjpy and audjpy mid march this year and this is funny , i have not closed the positions up till date ,meaning that they have been on for 4 solid months. imajine they have refused to neutralise and they have likewise refuse to wipe out the account. on one i am loosing 1200 pips and on the latter i am loosing 750 pips .infact they were more than this cos the yen pairs only came down a bit today. huuuuuu!

I THINK I AM NAUGHTY AND ALSO STUPID OR WHAT DO YOU FEEL ?
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #5
  • Jul 15, 2008 5:07pm Jul 15, 2008 5:07pm
I have had good success trading on the daily charts. I have had some trades last for a couple of weeks before.

I wouldn't trade any other way.

Jackie
  • #6
  • Jul 18, 2008 9:06am Jul 18, 2008 9:06am
Quoting robertsonakp
there is one live account i have with one particular broker, i opened the short postions on eurjpy and audjpy mid march this year and this is funny , i have not closed the positions up till date ,meaning that they have been on for 4 solid months. imajine they have refused to neutralise and they have likewise refuse to wipe out the account. on one i am loosing 1200 pips and on the latter i am loosing 750 pips .infact they were more than this cos the yen pairs only came down a bit today. huuuuuu!

I THINK I AM NAUGHTY AND ALSO STUPID OR WHAT DO YOU FEEL ?

If you still have the money in the account to cover the loss and the margin requirement, I see no reason for the broker to close them out for you, if you want to keep giving him your money, they are more then willing to take it from you. Now if you are in a negitive balance, and they allow you to have a negative balance, I would start to worry.

Rusty
  • #7
  • Jul 19, 2008 2:53pm Jul 19, 2008 2:53pm
Quoting rusty105
If you still have the money in the account to cover the loss and the margin requirement, I see no reason for the broker to close them out for you, if you want to keep giving him your money, they are more then willing to take it from you. Now if you are in a negitive balance, and they allow you to have a negative balance, I would start to worry.

Rusty
i still have enough money to cover the losses, infact the present losses is just half of the usable margin left. funny still eurjpy and audjpy still moved badly up neutralising the previuos downtrend and this means that i am currently lossing 1430 pips on eurjpy and 820 pips on audjpy. i am paying negative swap on those trades now for 4 months making the losses even more. anyway i do not wish to close them still, they either neutralise a bit or wipe out my money. whatever way i have not been trading that account for long now, i only concentrate on the accounts i hav with another broker.

WHAT DO YOU THINK ? I AM NAUGHTY RIGHT ?
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #8
  • Jul 24, 2008 3:12am Jul 24, 2008 3:12am
Quoting robertsonakp
there is one live account i have with one particular broker, i opened the short postions on eurjpy and audjpy mid march this year and this is funny , i have not closed the positions up till date ,meaning that they have been on for 4 solid months. imajine they have refused to neutralise and they have likewise refuse to wipe out the account. on one i am loosing 1200 pips and on the latter i am loosing 750 pips .infact they were more than this cos the yen pairs only came down a bit today. huuuuuu!

I THINK I AM NAUGHTY AND ALSO STUPID OR WHAT DO YOU FEEL ?
You've got to be kidding me?
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #9
  • Jul 24, 2008 3:43am Jul 24, 2008 3:43am
Dunno whether to laugh or cry!
  • #10
  • Jul 24, 2008 7:07am Jul 24, 2008 7:07am
Quoting robertsonakp
there is one live account i have with one particular broker, i opened the short postions on eurjpy and audjpy
killer negative swap wouldnt be helping either. the sooner you are not holding these positions the better
BTC Return This Year: na
  • #11
  • Last Post: Jul 24, 2008 7:31am Jul 24, 2008 7:31am
my hold time on my 30min system is 5-20 min
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