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Sunday, December 17, 2006

Holding Power

What is holding power? I think to answer this question, you need to answer what is your time frame. Day traders has less than 6 hours of holding power. Contra traders has less than 4 days of holding power, medium term traders may have 1-3 months of holding power while long term traders may have have years of holding power. So depends on the type of trader you are and the period of chart you used, you will have different level of holding power. There is nothing right or wrong about holding power, it's only your perception of time frame. So analyze yourself and select stocks that suits your style.

For me, I have different time frame for different stocks. It depends on how much to I believe on it's fundamental potential. Some are only for short term play. Some are long term play. And some short term becomes long term :p

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