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Agreed. It's very difficult to do both well. According to my analytics, my swing trading is much more profitable than my daytrading. Yet, I feel there's still an opportunity to use daytrading to smooth out the equity curve while I hold on my swing/position trades. Let's say I'm holding...

Yes, you do have a point about a trade plan. I do have one but it's based on chart patterns. I think it should be coupled with better risk management and expectancy. Anyhow, so this morning the instrument I have been holding went back up and basically erased all of the last 3 days of losses. So...

Trading is a lumpy business. You probably make most of your profits a few months out of the year. The rest you thread water and some you lose a little if you are good at risk management. That's why the daytrading mentality of making $X a day is SOO WRONG!

I realized I have "accidentally" become a position trader! And I don't like it! LOL! Because of my work schedule, I have switched to swing trading. Lately I have been so busy that I didn't manage one of my trades well. I should havw gotten out of the local highs. It has been consolidating then...

I need to provide some context. haha. While it's consolidating I'm still up. I'm NOT down. If I'm down then I will exit right away. What I'm struggling with is if this consolidation period is the long channel before it breaks out again? Or is this consolidation period is a preclude for a...

i hate this consolidating range. I felt like I should have gotten out at the upper range and rebuy at the lower range. Oh well. It's hard to given those highs and lows occur during the work day.. hehe I will sit this one for a few more weeks to see if it breaks out again. If not then I'll close...

I was thinking the same. There are these wicks on the candle chart that are quite extreme. If you can hedge at or near those wicks and hold onto your core long-term position then it would smooth out the equity curve quite a bit.

My trade analytics show that I'm more profitable in swing trading than daytrading. Remember the title of this thread is combining both swing trading and daytrading. I'm totally OK with holding long term. While it's consolidating I want to daytrade to generate profits while holding.... I think...

Here's another question related to this. So I'm holding a swing trading position. It has been consolidating to upward but has not truly breakout of this new range yet. It broke out of the prior range then rallies like 10pts above that then it dips back to the top part of the prior range. Kind...

With OCO, you can set a target and an exit. But can it trail too? Or that's just a plain trailing order? I have IB on my mobile phone. So in theory I could trade in my privacy. I feel like I'm missing out on the huge intraday moves and volatility.

I have IB. What is a sub-account? You can take your account and separate into 2. One for day trading. The other for swing trading?

Hi ET, As some of you guys know by now, I'm back to Corporate America. So I mostly do swing trading(occasionally position trading). However, I want to add day trading back into the mix given the volatility of nowadays. Case in point, this week we see 100s of points more in the index futures in...

Here's the thing. On 10/11/18 I got out most of my swing trading options(it had 1.5 week to expiration) even though my TA said it should run for a little more. So I kept one contract til expiration on 10/19/18. And it was much higher than my exit points on 10/11/18. Then I bought more much...

Agreed. I haven't daytrade in over a week. Busy with work. Today, the instrument I have been holding finally broke out of its consolidation. This one day gain is more than the total profits from my daytrading over than same time period. No stress. This one is a runner. I'm still holding. Yay!

So when I wrote about this I exited a majority of my options on 10/11/18. They expired 10/19/18. Had I done nothing I would still be up more than 2x my exit points. I sold my last 1 option I was holding onto 10/19/18. Last week, I bought more options but this time long term ones expiring in Jan...

https://www.marketwatch.com/story/these-numbers-show-suze-orman-is-right-about-needing-5-million-to-retire-2018-10-15 There's been a lot of debate between the FIRE(Financial Independence Retire Early) movement and Suze Orman about what amount is right. The FIRE movement has its pros in that...

I use RH. I like their zero commission model. But I would never use them to daytrade! I have daytraded on their platform successfully a few times. But it was scary. I mostly use RH to take on swing trades and I use limit orders. I don't care if some HFT got a penny or a nickel out of me on...

Of course had I stayed in my daytrade it would be profitable just as I predicted. But I was in a daytrading mindset instead of swing mindset. In my profitable longer term swing trade, the instrument has been consolidating. This is frustrating to me. Because it would run up in the day then come...

After weeks of not doing any daytrades at all, this morning I put on a daytrade and of course got shaken out. a small loss. But this tells me how frustrating it is for a swing trader to try to daytrade successfully. To do that I have to refrain the profit targets and exit criteria. While very...

If I was sitting in front of my computer screen today then I would have bought index futures(NQ or YM) and rode it back up. But I was at work. That's the price for stability of cash flow. Sometimes you miss out on the big intraday moves in exchange for the stability of corporate paychecks. I...