Yes I swing trade in ASX with primary instrument CFD and some equity where cannot get the stock thru CFD broker
I trade both short and long and am essentially position trader (EOD) . Time Frame daily whilst using weekly for primary trend reference. Have been trading for 4 years and am part time trader only. Spend couple of hrs most nights but give myself a break Tuesday night (don't bid Wednesdays).
Discretionary trader but to defined rules around capital and money management, R/R, set entry, exit points, and run initial stops etc . Time in varies -- one strategy I have max period of 6 days where others I will decide to trail or force exit. Turn over about 100 trades a year but am not beyond going to cash (out of market) for a couple of months if I sense better to be out for a while.
deaddog, and what happen with your initiative of swingtradingstocks thread?
When i start in the trading life, i start with swing trading stock, but so quickly i move to options, futures , looking for leverage and quick earnings and i lost most of my capital
Now when i am trying to learn to tradefutures scalping, i am giving value to non leverage, because risk
also i was surprised the other day when i read that bigmike did not trade cl anymore, and the favorite instrument to trade stocks, and then i have re thinking about instument
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
The following user says Thank You to alejo for this post:
Mainly am into ES. But every couple of days or weeks I do get into swings at the same time. Swings are either into equities or volatility. I don't use an DM tools...so have an eye for few equities or something which makes a big move per my criteria playing for 5-30% move in my favour. Also am quick to cut my swing if I realize that swing entry is not good.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following 2 users say Thank You to Big Mike for this post: