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MACD/Trendline Swing Trader
- Thread starter retire45
- Start date
Usually go back to assess the week and THE clear problem here is.. LOSSES... I consistently have more winning trades than losing trades but the losing trades are eating the winning trades alive. I must find ways to control the downside automatically to prevent my mental opinion from allowing losses trades. Even though the TWM trade is likely to do well at some point, I may not be around long enough to enjoy it. Anything is possible.
THE catch is to do this without jeopardizing the winning trades... Trade selection AND obsessive stop use are key.. Key analysis is to figure out by what extreme percentage do winning trades go bad before they go into profit.
So the solution to the problems of the last 6 months or so is poor loss control. For the coming week will pledge to box every trade with a stop based on volatility.
THE catch is to do this without jeopardizing the winning trades... Trade selection AND obsessive stop use are key.. Key analysis is to figure out by what extreme percentage do winning trades go bad before they go into profit.
So the solution to the problems of the last 6 months or so is poor loss control. For the coming week will pledge to box every trade with a stop based on volatility.
SP500... Erratic behaviour lately makes any charting very salty... Upper declining trendline probably useless but who knows.. MACD, Friday's close, and daily stochastic indicate Monday strength.. bad for TWM... A lot of resistance above... 940, 960, and 980 (the strongest)... On the other hand the little wedge has a change to survive but there must be immediate weakness Monday or sideways movement within.. IF this happens and Friday/Thursday lows are taken out things will be VERY ugly... Wishful thinking though.... Me thinks barring bad news (we did have A TON Friday that was ignored), There will be green Monday morning.. If it persists I'll raise white flag and lick my TWM wounds.