Ideas on not selling too soon for swingtrading?
- Thread starter KCalhoun
- Start date
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All that can work well, for longs anyway.
Leave the screen without a plan, or leave the screen with a plan on on inverse ETFs can easily ruin any profit.
Collecting dividends can work even better ;
but not on inverse ETfs/LOL
Also easier, for any ''single stock'' profits to go up in smoke, so to speak.
Partial profits /longer term charts can work well................................................................................
A quick look at the chart didn't show a 2 day low. Had you set a target at 15.2. Then it's a good trade. If not then you didn't follow your plan. Maybe you need to contact Andrea Wylan
I trade futures and to be more specific a shit ton of futures spreads. But I started swing trading in earnest in 2006 and I've refined an approach since then.
1. I think that it is very difficult for many mortals to swing trade and scalp simultaneously. There's a real temptation to overtrade. They are incompatible philosophies and styles. And over trading and micro managing is the number one killer of a performing swing trade position. YMMV, that's what I've come to learn over many years.
2. You model data, you set your price targets for profit and stop-loss - and you get out. You take your piece out of the market and you move on and look for the next opportunity. You will never buy a bottom or sell a top so get used to it. You take the very best risk/reward you can and that's that. Of course when you take a profit the market will keep running. Get used to it. You are working with historical data - emphasis on historical.
3. You need a trading system and everyone treats position management as an afterthought. This is biggest mistake that I see with new clients and other traders that I've observed through the years.
I'm not passing judgement on anyone and I would never tell someone to ditch a trading style that makes money over a protracted period of time. I wish everyone good fortune !
1. I think that it is very difficult for many mortals to swing trade and scalp simultaneously. There's a real temptation to overtrade. They are incompatible philosophies and styles. And over trading and micro managing is the number one killer of a performing swing trade position. YMMV, that's what I've come to learn over many years.
2. You model data, you set your price targets for profit and stop-loss - and you get out. You take your piece out of the market and you move on and look for the next opportunity. You will never buy a bottom or sell a top so get used to it. You take the very best risk/reward you can and that's that. Of course when you take a profit the market will keep running. Get used to it. You are working with historical data - emphasis on historical.
3. You need a trading system and everyone treats position management as an afterthought. This is biggest mistake that I see with new clients and other traders that I've observed through the years.
I'm not passing judgement on anyone and I would never tell someone to ditch a trading style that makes money over a protracted period of time. I wish everyone good fortune !
There is also the temptation to turn a scalp into a swing trade to avoid a loss.
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Good points.
I dont think he is limited to a 2 day chart, even though he uses that a lot.
Good points on targets...................................................................................
KC, good profits on your last buy friday/sell monday inverse etf. Buying spxu again.
ON inverse ETFS or single stocks, better to sell to soon;
or profits could easy go up in smoke.
Markets can change completely+ while i dont expect stock markets to change much \FEB + MAR tends to always be weak. Washing ton DC real estate has changed a ton + may never recover
SOXS semi inverse strong, am holding it UVXY SQQQ TZA light size into weekend plus cannabis
