Sounds way less stressful! I can see how long-term could be way better than stressing over every little move. More time for life too!
Except you hold overnight so that could affect your sleep. So you have to keep positions small enough, below your "sleeping point", a level where you can sleep without stress. With day trading you are flat at the close every day. And so can go in very heavy during the day session. But totally relax after the close with zero size on.
Riiiight, so day trader can get a good every night's sleep by exhaustion as they have to seek to survive by flipping positions everyday while swing traders dies of stress while they attempt sleep.
Good Morning Handle123, Thank you for explaining. The challenge I had with swinging trading for higher ES points, was the system had 2 losing years and went in drawdown. Do your ES swing system make money every year with low drawdown per year? Thank you,
i dont think its worth limiting your own game, unless some specific style is totally incompatible with psychology etc. Over time markets go through cycles and mechanics change, periodically presenting outsize opportunities in any trading style, so in order to take advantage its good to be flexible
[QUOTE="Businessman, post: 6108925, member: 28938" Can buy or sell 10+ lots of ES/NQ etc, with not much deposit. [/QUOTE] Good Morning Businessman, The challenge with this is finding a trading strategy that makes money year to year for the next +10 years within affordable drawdown per year of the strategy.
Yeah, many pitfalls in finding profitable strategies that are good enough to be leveraged with intra day margin. Some here claim they have Sharpe of 3+, I don't claim to have something that good, more like 2 but that is good enough to print money most years. Just not every year. And there is no guarantee any edge will hold up for 10 years in the future. You just have to hope it will..
Hello Businessman, Everything you said is correct. Those swing strategies can have +1 bad years, there is nothing anyone can do it about it either. Just live in drawdown until recovery. Anyone on ET website claiming full automated system/ strategy with Sharpe of 3+ is a liar and messing around. The hard truth is many do not want to talk about is 2020 to 2023 was the time swing systems made millions of dollars. That may not come again. If you know, you know!