Less Trades, More Gains: Key Insights on Swing Trading Strategy

jfsrevg
06-07

This is my current portfolio again. nothing have changed since I shared my account last month (only new entry into gold futures on 2nd june 01.30ET flag breakout, and 14th may $Direxion Daily S&P Biotech Bear 3x Shares(LABD)$ entry that hit stop on 16th may, and $ARK Innovation ETF(ARKK)$ . All prior losing trades before 13th may were shared earlier). I only follow my 10-MA stop adjustment rule, even on $Palantir Technologies Inc.(PLTR)$ -7.7% move.

I am at least 87% positioned, and I am unlikely to be able to do anything new today unless $Direxion Daily Energy Bear 2x Shares(ERY)$ (see my post yesterday) breakout today below 60% LoD at 10AM ET. This trade will require about 12% in position size for any account, and I may be able to free up cash from potential stop in $Roundhill Magnificent Seven ETF(MAGS)$ and PLTR (close below 10-MA, adjust stop to M15/M30 ORL later today)

The only 'crazy' thing that happened in the market was solely on $Tesla Motors(TSLA)$ sold off -14% (-3.5x ADR move) but it's a market session move that will limit the traders stop at the pre-determined level. The crazy move this year was 3rd April -4% pre-market gap down that caught everyone off guard. 4th April -5.8% is avoidable since most positions are stopped on 3rd April.

My current positions ranged from a holding period of 28 to 60 calendar days so far (less gold futures). I do not need to trade in and out of stocks everyday because I am fairy good in positioning heavy ahead of market move, and that locked me out of excess liquidity to do late cycle trades like $BROS yesterday.

One way to trade less as swing trader but improve your performance (lessen your stop losses that is eroding your early profits) is to improve your situational read of the market from top down, prioritize RS over setup, don't desperately chase stock just moving when market already moved, and deeply understand how tight entry and stop design, ADR% of a stock, equating to position sizing of a trade can positively intertwine to lower turnover of your trading account.

Don't panic, first begin with learning to let go of late cycle stock moves.

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