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Trading is a game of patience, discipline, and strategy. One crucial concept that every trader should understand is the idea of a "position." Imagine you're playing a game of chess, where each move you make sets the stage for your next move. In trading, a position is like your chess pieces on the board – it's your strategic stance in the market.
In the ever-changing tides of the financial markets, a special breed of traders emerges – the position traders. These are the intrepid souls who embrace a long-term mindset, holding their positions for weeks, months, or even years. If you're a trader with a penchant for patience and a knack for spotting long-term trends, then buckle up, because this article is your guide to the thrilling world of position trading.