Swing Traders, please share your strategies. Would love to know your approach?
Do you rely on moving averages, Support and resistance or do you add anything else as well. Would love to know your approach :)
steppenwolf
Stealth
8 months ago
I use the Pullback strategy to buy. Apart from it i trade the Volatility contraction pattern, CnH and then the combination of all these 3. That's it nothing more.
I use 50 DMA to check the pulse of the market. If the market is below 50 DMA i dont do swing trading. If any stock is below 50DMA i dont trade that stock. 50 DMA is not a magic indicator. It is a sentiment indicator for me.
I only trade stocks for swing that are in HH-HL structure (Strictly). I prefer stocks that exhibit sister stock movement or sectoral movement.
I dont scale fully when breakouts happen on daily tf, i initiate 30-40% quantity then i wait for pullback on hourly TF for weaker hands to get out, after a pullback Risk:Reward js in your favour.
TheOatmeal
Stealth
8 months ago
How do you screen the stocks? You have any certain list
steppenwolf
Stealth
8 months ago
can you tell me if you are a beginner or exp ? i can advise accordingly
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Only support and resistance. I don’t rely on indicators at all. Only trading in index options.
TheOatmeal
Stealth
8 months ago
Noice. What is your holding period in general?
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Index trading only. Moving averages do help.
What helps the most is trying not to short the market. Long and strong
steppenwolf
Stealth
8 months ago
You trade options or futures ?
I have models on both. I trade mostly via options given costs on futures are too high to trade too frequently
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https://momoindia.substack.com/p/momentum-strategy-rules-for-my-own
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