Who Thinks Swing Trading is Dangerous?

That is one rule all traders need to learn. Cut your losses and let your winners run. That is the only way you will make huge sums of monies in the stockmarket.

 

Good Evening Handle123,

Thanks for sharing your journey and results.

Very inspirational indeed. Thank you

 

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Good but he does NOT like the wide bid\ask;
same here ,about 80-95%of the time.
But good play on words, M= mini mum;
or Market in CAN SLIm.
There is one advantage on wide\bid ask;
only skilled swing traders or wide time frame day trader would do that.
And dont forget to save the horse feed[edit or chicken feed ]bags/rinse + repeat

 

I've included that to show (for those who don't know ES) how much you can lose per lot. How many lots I've actually traded isn't debatable. Sorry

 

What if a whole portfolio falls under ,,black swan'', say ~15% on average at the open per position, - you will cut everything ?

 

It hasn't happened yet. Flash crash was close but I didn't sell anything.
My plan calls for me to see what happens by the end of the day.
The following day if price trades below the low of the day then I close the position.
I trail a stop below the prior day after that.
What I have found is that so far I have had ample time to exit in situations like 2008, 2020 and 2022.

 

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I lost $2,500+/ more , but not more than 7-0r9 times;
Argentina Hi volume gamebird shoot. Plus ammo cost 5x what its in USA, but that's life.[Good thing for me i shot more than average in USA but less than average in Argentina/Uruguay]
I dont even really consider a vacation like that an undesirable loss .
Even though opportunity cost = more than that.
AS far as stock market/derivative markets;
they need to fraction contract chop ES like IBKR ad \$3,000AMZN price fraction chopped down to $25.Disclosure \nothing herein is a buy. Bid \ask most likely is more,but a lost less than an Argentina gamebird shoot
May not do any FRI-mon shorts or inverse related, many markets closed mon....

 

i'm up $1537.50 so far scalping es today 2/17/23. if u trading es today, how are you guys doing ?

 

Holding overnight in this market is too dangerous until we fall to significant support levels or the trend clearly changes. Scalping is where its at and even that takes expertise in this market. Its very difficult but you have some great traders that understand it and can thrive.