Swing trading gold reddit. Review and Adaptation.

Swing trading gold reddit ADMIN MOD • This community will be a work in progress as I learn to navigate Reddit. What stocks have you been trading if I may ask? "starting a 9-5 job soon" + "swing trading" = just don't. But for the challenge, they're faced with the same problem as before. Gold is actually very enjoyable to trade, it respects trendlines very much. You also need to have the right personality to match your swing trading style. With my main swing trading methodology, I will typically trade a given market about 6-8 times in a year. Volatility provides many more excellent swing trading opportunities, both long and short. 5 years, I am moving most of trades back to swing trading. IMO, generally, if you have to ask it’s better to buy and hold. Charts are the only "physical" information that we have to rely on and despite what some people on reddit say TA is very reliable once you become advanced at it. Trading Style and Strategies. FTMO Account Swing does not have any restrictions for trading around news releases and holding of trades overnight (above 2 hours market close) and over the weekend. Risk Tolerance and Capital Allocation. Now I trade mainly at the close and open, but still monitor occasionally throughout the day. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. PG swing trade UNP swing trade. Oct 24, 2024 · In this guide, you’ll discover seven proven strategies, key technical indicators, and essential tips that will empower you to master gold swing trading. All stocks have some level of volatility, and with that 1:4 ratio, your stop loss will stomp you out from basic volatility. 3. Your going to get lots of different answers because there's so many ways to swing trade and its easy to get overwhelmed on the amount of info on youtube etc. swing trading if you are busy (maybe because you are already earning well by doing other things, time consuming job, etc). I can scan through 200 charts in 30-40 minutes, and find excellent swing trade setups, both long and short. Welcome to FXGears. Feb 14, 2007 · I've heard that total profits are potentially higher with swing trading than day trading, and then I've heard the opposite. Stick with a 1:2 ratio for now, or you can even go with a little less ratio than that. day trading / if u can spare a few hours within a day to place 1-2 trades. I don't want to buy Gold at this moment at these high prices, so I am looking for other super-safe options now. When I get my emotions under control, I start plotting out a trading month 2 weeks before it starts. Changed my life! (He could work on his titles, but the content is gold!) r/swingtrading: Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring… I have did swing trade with GOLD in the past. Typical holding time is a few days to a few weeks. How did I know when I needed to sell? When I needed the money, I sold some index fund shares. If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. rinse and repeat. Recently completed trades lasted: ES (2 days), Soybeans (2 weeks, and another for 10 days), Euro (5 weeks), Russell 2000 (1 week). FTNT swing trade. No way, 5-10 is far too few to look at. Share futures trading insight, tips, and your trades! Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. My most profitable trades with gold are swings and tbh that's really the only way to trade it unless you are a very fast scalper otherwise you'll get ripped to I don't day trade, but I do swing trade occasionally. To be fair though, you are taking more risk with this strategy. Whether it’s flipping stocks, shoes, sports / Pokémon cards, or some random bs you find at a thrift store. Reply reply You stand to make much more or lose much more swing trading. That’s why this account type is suitable for swing traders who need to hold positions for a longer period of time, giving them enough time for their trades to evolve. I suspect that the figure is probably closer to 10% annually - which works out to less that 1% a month (and that's assuming you're disciplined, stick to your trading plan, limit losses, good risk to reward ratios etc. scalping if you have any time in the world to watch your screen most of the time. Ok people. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! Yes, you can swing trade with 1hour timeframe, but try trading using at least 1 or 4 hour timeframes. What you call better connected to the market and news, I'd call trading your time freedom to get capital freedom. I also want to echo the recommendation on dummies books for swing trading. I exclusively swing trade and do it full time, here's what I would recommend to a beginner from my experience. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! Tbh I trade a lot of gold and sometimes it rips me a new one. I also trade other high volume stocks like Palantir, Mara, Intel. For 90% of folks, the answer is long term investing, but for a select few swing trading could make sense. I typically look for investor sentiment and swing trade on the optimism and sell before the planned news date. com, a trading forum run by professional traders. Just do longer term trading you can do during breaks and make use of GTC orders and stop losses/determined loss Welcome to FXGears. the more pairs you inspect, the more trade opportunities you will find. Swing traders can go through a multi-month drawdown even with a profitable strategy, b as a pro trader, swing trading is macro so if the macro is in ur direction, then the night before u scan for your trades setup and plan what u are gona take (micro). So could you swing trade and live off of it assuming a realistic starting capital ? Dec 29, 2018 · How to keep stop losses from disappearing? This is our Swing Trading forum where discussion of swing trades will take place. I swing trade gold, as 1 of about 30 futures markets, all principally on the daily and half day charts. r/FuturesTrading is a place to discuss futures, commodities, etc. Any of Mark Minervini's books are gold for swing traders. Yes indeed. So if your a swing trader just give me a dm at Instagram (saafy_mv) and I will tell you the indicators and price action along with bonus. Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. Go with the flow. For example, gold futures trade in contracts for 100 troy ounces. If I'm more excited about the profit potential of a trade, I know I'm emotionally compromised. It is a calculation based on the prices of options on the S&P 500, not just their aggregated prices in the way that the S&P 500 index is an aggregation of the stocks that it references. Share futures trading insight, tips, and your trades! Each contract is for a standard amount of the underlying asset. I recognized for all the mistakes that I avoided in day-trading, I could've saved up tons of money plus the gain in swing trading will outperform day-trading alone by a huge margin. Must-Have Components of a Trading Plan: Trading Goals and Objectives. Stoploss and TP info provided. I tried copy trading 6 traders and the successful ones have been holding their positions for days, and during this period it is quite unnerving and almost 99% of the time these open positions go into negative terrain. because your swing trading the market moves pretty slow for you to enter and exit. There is no way to purchase VIX with high fidelity. Review and Adaptation. Dec 27, 2023 · Swing trading is ridiculously easy if the holding period is one year or longer, qualifying for 0% LTCG's. For swing traders, it's a great improvement too once they actually get the funded account. 4 & 5. Somehow it feels like it's a good mix of all strategies I've mentioned above. Mark Douglas, Trading in the Zone William O'Neill, How to Make Money in Stocks (CAN SLIM) Jim Paul, What I Learned Losing a Million Dollars Morgan Housel, Psychology of Money Mark Elder, Swing Trading Joel Greenblatt, The Little Book that Still Beats the Market A lot of Thomas Bulkowski's stuff. Also in order to ensure it’s not the latter, you have to stay up with current affairs/do more research/follow technical indicators. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! Welcome to FXGears. for swing trading, i think you can afford the time to thoroughly analyze multiple pairs so it makes no sense to limit the number of pairs to just one. You don't swing trade unless it is your full time gig and that is what you are doing for a living. r/swingtrading: Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring… Swing trading, which primarily (but not exclusively) relies on technical analysis, is certainly a different beast from investing, which is predominantly fundamental analysis. That said, I learned it was FAR more important not to lose all your money than it is to make money. It is important to thoroughly research and test any trading strategy before committing real money to it. If your trade went wrong you can go back and it is much easier to analyse what went wrong. Risk Management and Position Sizing. Still reading: I now only trade high volume. Ok, so I trade gold every day for the last 2 years. My top option is 25 Year+ US treasuries via GOVZ ETF. 15 in a day. Whether you’re just starting or have experience, these strategies will help you identify profitable opportunities while managing risk efficiently. Whatever you do, don't FOMO into anything just because it's pumping. Can't help but notice that your article is biased towards swing trading, you've down played the risks that come with it. Look at OVV, a position I was in profit on but kept on as a swing to balance out shorts in my portfolio. First rule of swing trading - if you are trading from the long side only trade stocks, ETFs with a positive uptrend, in a bull market. Also another thing I look for is a coin that has been moving differently than all the other coins. I'm happy to elaborate further if anyone is curious or interested. ). Same effect. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. Trade Management. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. Entry and Exit Rules. It's a huge improvement for day traders at least. Focus on learning price action technicals. I used to stare for hours at a screen watching crappy stocks move like . Oil is measured in barrels, which are about 42 gallons, and each futures contract is for 100 barrels. Like its really good. I have been reading and studying swing trading. However, when you do this, don’t focus on one trade – focus on your portfolio as a whole. The plan is to buy them now and exit when interest rate falls. There are traders who hold the position for a few days too and are making good profits. This turned into a big loser. But there are some good traders out there, I'm a huge fan of Dr. I tend to price action trade and want to be more technical in my trades and thats how I want to approach swing trading. Swing trading in some respects is better than day trading or scalping in that the longer time frames involved are (somewhat) less prone to false signals. Note: I have split my portfolio in equity and non-equity allocation. I'm not sure why. check once at market open and once at lunch boom done. Or throw your money into the toilet. Just add a simple 20 day moving average to your daily charts and if that average turns down DON'T try to trade from the long side - it's like trying to swim upstream with weights. I have seen people saying you can make 20% - 30% annually swing trading. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. The objective of this community is one thing and one thing only: MAKE MONEY. Futures r/FuturesTrading is a place to discuss futures, commodities, etc. For clarity, you can also look at DXY chart and then trade it inversely on gold. I noticed that swing trading and day trading tends to be more successful. Gold pumps when dollar dumps and vice versa. Trade Management: If trade reaches 1:1 reward-to-risk ratio, move stop loss to breakeven. Now we can trade through high impact news and hold runners over the weekend if we want. I've been looking over value investing, pennystocks, day trading and swing trading, and for some reason I am very attracted to swing trading as a strategy. The fun part starts when he you get to know he runs a paid group and has nearly 80k subs on youtube. Liquidity. Now I'm wondering if it's a viable strategy to make good or satisfactory amount of extra money on daily basis. So, if gold is trading for about $2,000 per ounce, each futures contract is $200,000 in value. Let's hear your Welcome to FXGears. ESPECIALLY if you are trading penny stocks. With gold sometimes I spend too much time trying to do post trade analysis. So I am a swing trader and I use s*****c settings length x x x settings for swing trading along with *s*. Ultimately, whether swing trading in the forex market is worth it for you will depend on your individual trading style, risk tolerance, and investment goals. That means all your big stocks like apple, Amazon, meta, etc. I have read, reread "Trade Like a Stock Market Wizard", "Think and Trade Like a Champion", and "Mindset Secrets for Winning" multiple times now. What are some of your favorite and simple (novice) resources for learning swing trading? books, youtubers, blogs or twitters, whatever you appreciated whilst learning. I have been trading 6+ years, after experimenting with day-trading for 2. Gary Dayton who is a psychologist and a real trader that teaches how to read price action on charts and doesn't really use I don't trade any options or futures but I do dabble in LETFs. Technical Analysis is king. Swing trading IS your 9-5. Its FREE because im back testing. As a swing trader, fundamental analysis is completely irrelevant to any of my trading. I can't get a consistent 20-day green, for example. . Hope that helps someone out there! What if i told you that there is a live streamer who publicly bought the weekly highs twice and sold the weekly bottom on gold. It is not an asset that an ETF could hold for you. First thing is to research a coin for what it does, then if it's moving I look into why it's moving. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. It is more chaotic compared to trading a currency like EURUSD where bad news in the country usually means currency will take a hit. Based on what you’ve shared here, you likely fall in the 90% that shouldn’t swing trade camp and should maintain a more passive investing approach. I very rarely trade a penny stock. I back the fuck off the trade fora while. amgxc scunopk ezthf msnu qaxjukt acm ssaq pvdpm muvlzzsp upda