By Investment U Research Team Discretionary trading is for investors who want hands-on control of their trades. Traders practicing this style follow the same steps as anyone when identifying opportunities. Where they differ is in their tendency to make decisions that are outside technical analysis. A discretionary trader might decide market conditions no longer favor their thesis and take profits before their original target price, for example. Operating with discretion allows traders more control over their positions.
Discretionary traders see themselves as adaptive. They understand that even the best-laid plans can go awry when the market adjusts. Their reliance on intuition and decision-making helps them …read more
