Bob

Swing trader

[Bob @Bob70731008]

@Clement_Ang17 100%, I have noticed these tend to be a good spot to get into leading stocks on weakness, especially if they're at/near rising moving averages

[Bob @Bob70731008]

@i_managed_risk I entered on Monday so that was T-0, after today it will be T-2. I'll sell 1/3 tomorrow and set stop to b/e

[Bob @Bob70731008]

@i_managed_risk Still above b/e level so just letting it work.

[Bob @Bob70731008]

@Markadiusz45 100%, plus yesterday strength in platinum and palladium. I also track the GLD/GDX chart. It closes below the 50d on Monday and then followed up with a 2nd close on Tuesday

[Bob @Bob70731008]

@Markadiusz45 man that sucks

[Bob @Bob70731008]

@Markadiusz45 I went with $GDX since it has a leverage etf $NUGT

[Bob @Bob70731008]

@Markadiusz45 I'll buy weakness in commodities related names. I hate these gap up. $GDX already broke its LOD

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

SWING TRADE EXIT CRITERIA

Better to let a swing long run or sell into strength? There is always a trade-off between maximizing reward and pnl variance.

Awesome deep dive. James does the hard work that many traders need to do to properly backtest strategies.

His main conclusions:

1. Decide what is most important for you. Calm and consistency means selling earlier and more. Maximum growth means trailing and living with the give backs.

2. If you're an aspiring trader, follow the simple "sell half on day 5, move stop to breakeven, trail with the 10-day SMA". It was built a higher win rate, half the drawdown, and helping you survive while you learn.

3. Move the stop to breakeven after your first sale.

4. When the market regime turns bad, change your sizing and selection, not your sell rules.

5. Guard the monster. If a trade turns into one of the few that run, nothing about your exits matters more than not cutting it short.

6. Follow the rules until you're comfortable not to. The exit is not what will make or break you

[Bob @Bob70731008]

@Markadiusz45 I went from 0.25% to 0.20% equity risk per trade with the lack of traction in July.

[Bob @Bob70731008]

@Markadiusz45 It looks like $BTC and crypto is one of the weakest area of the market. This is where I want to short when the market gets weak again

[Bob @Bob70731008]

@Markadiusz45 No wonder $IPAY is holding up well