Swing Trading

[Overnight]

you are probably correct... but I have a max Stop at 100 points... anyway we shall see. profit or loss,,, either way I am liking this way of trading much better

I disagree whole heartedly. Look to the journal section and find my journal. In there, you will see what my mental stop was. A 10% drop. And sure as shit, I exited at that 10% correction. I bought at the top, and sold at the bottom. BAD JUJU. That was a crappy thing, and it was, basically, a 500 point stop. I reeled from that so bad that I decided to stay OUT for the next 3 quarters. And look at what I have missed. But your 100 point stop? Nuh uh, that is too narrow in the NQ at this time in true swing trading, IMHO.

The only positive I can pull from this is that I followed my plan of what I set for myself...Stay out until Q3 at least. At least I had THAT discipline. I must resist the hindsight issue, but it IS DIFFICULT. 6 months of watching all the potential profits...The April fools when it shot up, the end of may when it shot up, the drop in June to 7000 and quick rise to 7400, then the drop back to 7K, and then just yesterday, the shifty-looking shit at about 7220, and it shot up nearly 200 points in 24 hours? Grrrr.


Anyhoo, the point here is that when swinging the NQ these days, a 100 point stop is bad juju. The fundamentals matter way more than the technicals.

 

[John9999]

Well in my real trading and back testing that seems to be ok. I’m just fine to exit at -100 and re enter again later.

Swing trading is new to me and I am learning my way. But I am sure that it is superior to day trading.

 

[John9999]

UPDATE- I entered NQ on 08/02 @ 7374 and I am out at 7374 today with the close that breached both the 10day and 20day moving averages, 13 days later. Now comes the hard part... being patient to wait for the next setup. This year it has taken as few as 2-4 trading days... to as long as 4 weeks... . but I still argue that this is WAY better than when I was day trading. So much less stress, but it takes monster discipline