Curious, for day vs swing trading, what's your favorite style? I use careful TA for swings, eg 2d highs, increasing range in uptrend etc... For daytrading I do as many as 110+ roundtrips daily, it's all taking shots at whatever's in motion.
My favorite style....is to make money....with careful precision, incision and understanding and patience and with leverage/options. Kind of similar to the way I stare at porn....only .4% of the content will spark my desire, imagination, lust and time and action.
mine is arbitrage trading with martingale strategy....57 green days and 14 red days since 6/12/22 when i implemented this strategy.
After many years, I still cannot find a perfect method. I suppose there is no holy grail. Here are some methods that I find to have slightly more hit than miss. 1. Trend line. Why not moving average? The market is volatile, MA is more suitable for trending market. A tool has its season. 2. Leverage on the institutional investors. How? Gather information from the Edgar Form 13F-HR filings. This is not a sure fire method but it gives us lead albeit lagging lead(3 months lag). There about 6000 fund managers so just focus on a few good ones with good track record. 3. Scan for bottom. Bottoms give a general direction of market/sector/industry. Since bottom is about timing and not price, it's a good timing tool. A stationary bottom vs moving bottom help in our long/short trading strategy.
Good points, re bottoms I use either prior day's range, or whole numbers, like yesterday's CCL, nailed the bounce.
“For daytrading I do as many as 110+ roundtrips daily, it's all taking shots at whatever's in motion.” Only if you own the house.