Long-term management is a fully mechanical approach, utilizing the 4H timeframe. This technique applies more when there are longer-term opportunities in the market as it’s used for holding positions that typically last longer than a week. This technique is more related to swing trading, however, you can utilize it as a day trader, which Irek will break down in this lesson.
Short-term aggressive management is a fully discretionary approach and is utilized when there is high volatility in the market. This is a technique where you may choose to manually close a position and take profit, instead of holding through a potential pullback.
