THE TEN DEADLY SINS OF A SWING TRADING SYSTEM
1. Trading out of boredom or impatience.
If I trade without an A or A+ setup, I sabotage my edge and dilute my equity curve.
2. Taking a trade without a premeditated plan.
No defined levels, no thesis, no exit logic = guaranteed emotional decision-making.
3. Oversizing a mediocre setup.
Sizing must reflect edge. Oversizing trash is how accounts implode.
4. Holding after the setup is broken.
Once structure fails, hope becomes the driver. This is the fastest path to large losses.
5. Letting a winner turn into a loser.
If I have profit and structure breaks, I must exit. Every round trip erodes discipline.
6. Adding to a losing position.
A broken setup cannot be fixed with more size. Averaging down is a cardinal sin.
7. Trading random intraday noise.
If it’s not a true swing setup compressed into a session, it’s gambling.
8. Reacting emotionally—revenge trading, FOMO, frustration trades, ego trades.
Any trade taken in an altered emotional state is poison.
9. Ignoring market context.
Trading aggressively during poor conditions or volatility traps destroys compounding.
10. Breaking my rules “just this once.”
One exception becomes two. Two become a habit. A single violation can unravel the entire system.
These sins are catastrophic not because of the losses they cause, but because of the psychological damage and rule erosion they trigger. Avoiding these at all the costs. What additional deadly traders sends would you add to this list?
⚠️ In October 2024, Arkansas father Aaron Spencer woke up at 1AM to find his 13-year-old daughter missing.
He suspected 67-year-old Michael Fosler.
Fosler had already been charged with 43 counts of sexually abusing her.
Spencer tracked them down and forced Fosler’s truck off the highway… he then confronted Fosler, pulled out his gun, and shot him multiple times.
Fosler died instantly.
He then got his daughter to safety and called 911.
Spencer was charged with murder, but the case was dismissed this month.
Hard Rule #2: "I do not enter trade if ATR% from 50-MA extension exceeds 4x multiples - Visualizing ATR% from 50-MA as Launchpad on 10-Week MA"
$CRWD $SNOW $OKTA $FROG
0 Trade Attempts, 0 Stop Losses Across 4 Popular Names. Selectivity is an edge, trade only the best entries.
https://t.co/myVjX2DczU
@tradingview You can replicate this process by tracking the same ticker on @tradingview and periodically running your own analysis whenever you feel uncertain.
My watchlist process is leadership focused.
I'm looking for stocks that:
> Outperform their sector.
> Outperform the market.
> Hold the 9/21 EMAs.
> Build tight ranges.
> Show linear strength.
Then I simply wait for:
- pullbacks
- 9week tests
- 9/21EMA touches
- s/r flips + areas of prior demand
The stock identifies itself first.
I just wait for my entry.
$HUT is my favorite with most linearity, highest RS, momentum and cleanest chart.
$IREN is the fundamental leader but lagging RS likely due to its dilutive nature. However, I still don't want to neglect the fundamentals leader in this group especially as it is getting really tight on the right side.
My entire trading process:
1) Find strong themes/narratives
2) Identify the leading stocks
3) Wait for a tight setup
4) Buy through a key level
5) Set stop loss at low of day
6) Let momentum do the work
7) Trim using 8/21 EMA's
Goal is to:
Stack probabilities, get into leading stocks, let the market do the heavy lifting.
Don't overcomplicate it.
Gap Fill setup that every trader should know.
I posted this in real time.
Here's what I'd add from experience: gaps don't fill to the penny every time. Stop getting hung up on "it didn't fill all the way."
Textbook teaches us the pattern.
Real life experience teaches us the job.
I was talking about this workflow with @RealSimpleAriel yesterday.
A great way to spot rotation/leading themes
Each day I sort by % change and add the industry to my @Deepvue Data Columns.
I pay special attention when many of the top movers are in the same theme. Today: Semis
I am unaware of any highly successful traders who preach or practice complexity, but I am aware of a lot of great traders who preach and practice simplicity. - George Coyle @gfc4 10/n https://t.co/b9PLYapuJD