Saturday, March 5, 2022

Personal Understanding of Profitable Swing Trade Strategy

My idea for entering a swing trade involves three things: 1) buy low or sell high whenever there's enough expected volatility, 2) trade in the direction of established main trend, and 3) set an appropriate stop loss to a local support or resistance level.

I pretty much have those three things going now while checking three time frames at once. 

I am currently exiting with a loss or profit whenever the minimum time frame window I'm on projects that a new trend is oncoming. So far I'm turning a profit and it has been pretty minimal work. 

I see that in the long run the wins will outweigh the losses