Swing trading
Anyone actively swing trade? I would like some recommendations since the market has corrected abit.
Do you rely on moving averages, Support and resistance or do you add anything else as well. Would love to know your approach :)
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.
Guys who are commenting their strategies, please include your CAGR too
Anyone actively swing trade? I would like some recommendations since the market has corrected abit.
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