Thread by @VRtrendfollower: "#Thread
Basic Rules for Swing Traders.
If the trade moves in your favor, carry it overnight–the odds favor follow-through. Expect to exi [...]" #thread
Archive to PDF: This thread can be removed from Twitter at anytime.
Archive this thread to PDF, save and print. It is a premium feature and costs $5 per month.
If the trade moves in your favor, carry it overnight–the odds favor follow-through. Expect to exit the next day around the objective point. An overnight gap presents an excellent opportunity to take profits.
1/n..
Concentrating on only one entry or one exit per day relieves the pressure.
If your entry is correct, the market should move favorably almost immediately. It may come back to test and/or exceed your entry point a little, but that’s OK.
2/n..
Do not carry a losing position overnight. Exit and play for better position the next day.
A strong close indicates a strong opening the following day. If the market doesn’t perform as expected, exit on the first reaction.
3/n..
It is always OK to scratch a trade!
Use tight stops when swing trading (wider stops when trading trend).
The goal always is to minimize risk and create “Freebies.”
When in doubt–get out! You have lost your road map and your game plan!
5/n..
If the market offers you a windfall of big profits, take them to the bank on the close.
If you are long and the market closes flat, indicating a lower opening the following day, scratch or exit the trade. Play for better position the next day.
4/n..
Place your orders at the market.
When the trade isn’t working, exit on the first reaction.
There are multiple ways to embed @VRtrendfollower's unrolled
thread:
1. Direct link
2. Use iframe
Sharing is caring 😍
Like this thread of @VRtrendfollower?
Share
it with your friends & followers.
Love Thread Readers? Upgrade to premium to unlock all features
A whole new way to explore your interests. Convert your Thread to PDF,
save and print. Subscribe to interesting authors and be notified when new unroll is
available. Auto publish your threads on Medium and WordPress websites.