Posts

avatar of @jfang003
25
@jfang003
·
·
0 views
·
1 min read

It is possible and if you take only the best optimal setups, then you are fine. You just have to know when to cut your loss and look for a better place to re-enter. The entire premise of momentum trading as most day traders or swing traders do is based on good setups. Some people prefer breakouts and others prefer backtest. Either way, you just need to know when to get out. The main idea they run by is to make the most of your money.

As for long term holds, then yes you don't need to look at it much. But there are ways to improve your positions. For example, you might take a slight loss by cutting off half of your position when it loses its uptrend and buy it back afterwards when it starts uptrending again. Either way there are pros/cons. I am not saying trading is for everyone and it is tough because you will probably spend a lot of time waiting. Anyone whos doing like 20-50 trades in a day is obviously not choosing the most optimal setups for risk/reward.

Posted Using LeoFinance Beta