Short-term trades aka swing trade can be addictive or adrenaline driven. It takes a lot of discipline, clear trading plan to be a consistently good swing trader.
Swing trading is most useful when the market condition is volatile, without long clear trend. Currently the market does seem so. Thus, it may be a good time to look more into swing trading, or quick-entry-quick-exit trades.
I'm sure everyone has their favourite signals, indicators, news etc to initiate trades. I don't know which is the best strategy, but if there is one that consistently make money for you, stick with it
![]()
I start with looking at stocks with good momentum trend. For example,
$Apple (AAPL.US)$ ,
$Broadcom (AVGO.US)$,
$Microsoft (MSFT.US)$,
$Advanced Micro Devices (AMD.US)$. These have good chance of continueing current trade. Look for volume contraction, avoid stocks with volatile volume.
Next, calculate my risks. Risk management is utmost important. Try not to risk more than 2-5% of portfolio on a single trade. Calculate estimated target price. Have a rough idea on exit strategy (e.g. 10% profit in this choppy market condition).
Once a trade is initiated, guess it's just a matter of daily monitoring of the price movement.
Be discipline with trading plans, be flexible but always keep risk management in mind (i.e. moving stop loss is NOT a good habit!).
Lastly, review trades after exit. Learn from own mistakes or success.
Safe trading!
WYCKOFFPRO : risk management is the most important thing in trading.
IcySilver OP WYCKOFFPRO : Get entry and exit point right Have a plan and stick to the plan...![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)