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® “Home-Study Course” Study Manual  Page 79

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Three: Your day trading results can be highly
impacted by others trading on higher time
frames and the lower your time frame, the
greater this effect will have on you.

2. “Position Trader”:

   These traders usually use daily charts, weekly
   charts and 60 minute interval charts to base their
   trading decisions on. Primarily “Trend Traders”,
   “Position Traders” hold positions until the trend is
   exhausted and therefore they may hold a position
   for a few days, few weeks, or even a few months if
   the trend can be maintained.

3. “Investor”:

   Investors are traders when they attempt to time
   their long-term investments. They study
   fundamentals and combine this with technical
   analysis. “Investors” are long-term “Trend
   Traders” using weekly, monthly and yearly charts.
   Ok with minor losses but don’t like active trading
   where losses can come quickly and frequently
   during “Draw-Down”.

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