Intraday Swing trading: day-long daytrading?

KCalhoun

KCalhoun

Does anyone else trade like this?

You enter a breakout or gap runner by 10am, use OTO to trail a stop, and be cash by eod.

Pros: don't have to be as precise as classic orb daytrading, able to scale easily, bigger win potential

Cons: need wider stops and smaller size, midday or eod reversals tricky to manage, works with strong daylong trending charts but not choppy days

Any ideas? Thx!
 
The trailing stop is where you lost me, doesnt work.

Yes I think that is a perfectly good way to trade but you need to
know where to place your stop and have a lot of patience where
trades turn be or bad for days on end waiting for the strong trend.

Although trend happens about once every 5 or so days its not that simple
because you're not in it at an optimal location a lot of the times.
 
Good points... anyone trying this?

It's a good alternative to scalping because you can potentially make bigger wins for all day runners, while being cash eod.

In testing last week I found it's best to do 2 trades, one with trailing stop and the other with lod hard stop.

Trailing stops can get shaken out on chop, but can lock in profits for days with midday reversals and mean reversion pivots.

Hard stops at lod lets all day runners go up without being shaken out on chop, but if big midday reversal it doesn't protect profit.

So I trade one of each to hedge.... make sense? Lmk if any questions

I'm doing less swingtrading more daytrading and this style is designed to be the best intraday approach.
 
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I'm going to resume testing this with updates:

Enter .3 above opening price, use only with gappers and 2dh breakouts

Put hard stop .3 under premkt high

Tighten to breakeven after 10am, or price runs up. 5 or more

Let ride all day, tighten stop to .3 under current price at 3:30

Any ideas?
 
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