SPOT - Relative Strength First, Setup Second - Always

jfsrevg
06-05

$Spotify Technology S.A.(SPOT)$ - Update (Relative Strength First, Setup Second - Always)

It may be at all-time highs, but with it lacking clear trend structure (linearity in up move) and a series of consecutive higher low closes, it is a costly string of losing trades for swing traders. If you are able to avoid yourself from such trading idea and always seek for reason to avoid a trade, you can reduce a chunk of losing trade in your historical trade journal.

A simple behavioral change to evaluating and filtering your focus name, reducing trade frequency (don't trade for the sake of trying a 50/50 outcome) can be a game changer to your long term trading performance.

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