Luca Schweitzer

Learning to Swing Trade
Using X as my Trading Journal

[Luca Schweitzer @Quench02]

@ohiain How long should someone test something until they can be certain it doesnt work for them? Im guessing multiple months to a few years?

[Luca Schweitzer @Quench02]

@TraderJohnny_ Looks good

[Luca Schweitzer @Quench02]

@tradetb Are you looking to enter today?

[Luca Schweitzer @Quench02]

Took some small size in $BOT and tried the $NBIS u&r of the 50 sma lets see if it works out

[Luca Schweitzer @Quench02]

@ohiain Sounds reasonable Iain, thanks for the feedback!

[Luca Schweitzer @Quench02]

Entered $BB off the U&R of the support gap.

Frustrating stop out of my $FTNT shares at 153$ breakeven… undercut my stop by 75 cents and then ripped 10$, unlucky…

[Luca Schweitzer @Quench02]

@ohiain Hey Iain, thanks for the great Insight! Do you take on a second position if the first one works the same day? Or do you wait a day after taking more exposure?

[Luca Schweitzer @Quench02]

The followthrough in $DELL is really frustrating to me, since I bought it yesterday but took it off in the evening because I thought it didnt have enough cushion for this kind of enviroment. In hindsight I shoud have kept it

There will always be another opportunity somewhere tho

[Luca Schweitzer @Quench02]

@tradetb What a trade! Congrats

[Luca Schweitzer @Quench02]

@Markadiusz45 Thanks alot, im excited to use it

[iain @ohiain]

My job during a correction is pretty simple:

- Not buying.
- Not aggressive.
- Just observing.

I'm looking for stocks that...

> hold the 9/21EMA
> refuse to break support
> stay near highs
> outperform their sector

Those names become next week's watchlist.

[iain @ohiain]

Think about losses the same way a business thinks about expenses.

- A restaurant pays rent.
- An Amazon seller pays for inventory.
- A trader pays with LOSSES.

None of those things are enjoyable.

But they're necessary... businesses don't avoid expenses altogether. If anything, they try to minimize expenses.

Do you see where I'm going with this?

The goal is making sure they stay small enough that the business survives.

[Luca Schweitzer @Quench02]

@ohiain One question Iain, wouldn‘t you have gotten stopped out if you set the stop at LOD if you bought it yesterday at 10:21? Since it undercat the low that day

[Luca Schweitzer @Quench02]

@ohiain I learned that I dont need to follow alot of people on here, but follow the right ones! What you said often shows who the right people are…

[Luca Schweitzer @Quench02]

@jfsrev Thank you for answering my question and the great insights! Looks like I have to do alot more research and backtesting since I havent looked at it that way…

[Luca Schweitzer @Quench02]

@jfsrev Thats probably true since im pretty new still and learning. I just noticed, when looking at breakouts that worked out alot of them are explosive, which is why I had that question. Thanks for your reply Jeff apreciate it, you have already helped me alot in my learning proccess.

[Luca Schweitzer @Quench02]

@SunriseTrader @X Whoever falls for these scam accounts has only themselves to blame imo…

[Luca Schweitzer @Quench02]

Took a stab at $NBIS $INTC and $HUT today. It violates my progressive exposure rule but since I took only small position sizes I think its fine. I am already at peace with what the outcome will be.