In this article I’d like to share with you what I consider to be a perfect (or “textbook”) position trade: a trade that ran to a good profit over the course of three months and which along the way took more in dividends than it cost in financing charges.

Day trading is all about notching up a series of small profits every day. Position trading, at least in the way that I practice it, consists of two distinct phases.

My implementation of the position trading approach is all about keeping it simple and (above all) applying good money management techniques, on the basis that if you look after the downside then the upside will take care of itself.