swing journal

Discussion in 'Journals' started by dWq54ZSnBqX44AW4, Jan 14, 2025.

  1. themickey

    themickey

    There's nothing wrong with a large watchlist.
    As long as that watchlist has been filtered so you are not wasting time looking at rubbish.
    My trading watchlist on the ASX is about 400 stocks, but that has been whittled down from approx 2500 on the ASX.

    We never know what stock will be hot next, if you have a small watchlist you are decreasing your odds.
    So you can have a large watchlist, then again filter it reasonably hard and leave yourself a handful to pick over to trade.
     
    #111     Feb 7, 2025
    dWq54ZSnBqX44AW4 likes this.
  2. I think I will expand the market cap but constrain it by volume. I really dislike low volume stocks and maybe half of the stocks are low volume(less than a million). Most of the stocks are not that useful to me(but again no stats :) so I dont know what is useful and what isn't). So I will play around with the constraints.
     
    #112     Feb 7, 2025
  3. DTB2

    DTB2

    So what would you have done during the 3 weeks after the lower close? Waited or taken those breaks?
     
    #113     Feb 9, 2025
  4. themickey

    themickey

    Yeah, so on MSTR we are talking about stops and re entrys.
    So I'm setting a StopLoss which is a violation (go below) of the first weekly red bar Close in an uptrend. Note, this is a tight stop, it's one where you wish to capture as much of an uptrend in strong running stocks.

    In the instance here of MSTR, we get caught twice by dummy signals to re enter - the re entry level being the same level as the Stop Level.
    So we got whipsawed a couple of times.

    So the message MSTR is giving, (me), the Up Trend is weak, the dummy re entry signals are saying the UpTrend is buggered, expect more Down Trend.
    In my trading system: Revert back to a analysis of your signals where stops/re entries no longer apply, revert back to your long term Swing rules.

    Saying all that, MSTR still looks hot, still looks like it is not in a downtrend.
     
    #114     Feb 9, 2025
    DTB2 likes this.
  5. DTB2

    DTB2

    Happens to the best of 'em.

    I just wanted to be sure that I understood the setup
     
    #115     Feb 9, 2025
  6. themickey

    themickey

    On bitcoin, ~93,700 is support
     
    #116     Feb 9, 2025
  7. [#3, LONG, CART
    ENTRY: 50.389 @ 15:44,
    STOP: 48.75,
    TARGET: DISCRETION,
    EXIT:]​
     
    #117     Feb 10, 2025
  8. I might trade IBIT :sneaky:.
     
    #118     Feb 10, 2025
  9. [#3, LONG, CART
    ENTRY: 50.389 @ 15:44,
    STOP: 48.75,
    TARGET: DISCRETION,
    EXIT: 48.78 @ 11:41]​
     
    #119     Feb 11, 2025
  10. I think I am reverting back to my roots of trading the SP500. Have done a couple trades for it already. My last journal I never completed it due to starting my job :). The swing game is completely different. It is probably due to it being non homogeneous products. Also swinging has 0 leverage, I feel like it is more for players with large capital. Not that I won't continue but my trading time is getting split by both intraday trades and swings. I still feel very unconfident in my swing approach even with very low size. It is most likely due to not having enough research for the swings.
     
    #120     Feb 11, 2025