- spotting for a buy trigger, which can be a reason to exit sells.
- for Time Factored Swing Trade, i use:
1. lower time frame (5, 15min) entry for confirmation. Entry without confirmation is an aggressive entry and requires an appropriate trade management strategy that takes away the risk asap.
2. proper pip value calculation
3. stop loss. even for an entry that's 0.5% value of an account size
*IMPORTANT*
Even with a CORRECT forecast, wrong position sizing, poor timing of entries,
incorrect stop loss placement, (or no stop loss) will result in trading
psychology damage and Risk of Ruin.
- for Time Factored Swing Trade, i use:
1. lower time frame (5, 15min) entry for confirmation. Entry without confirmation is an aggressive entry and requires an appropriate trade management strategy that takes away the risk asap.
2. proper pip value calculation
3. stop loss. even for an entry that's 0.5% value of an account size
*IMPORTANT*
Even with a CORRECT forecast, wrong position sizing, poor timing of entries,
incorrect stop loss placement, (or no stop loss) will result in trading
psychology damage and Risk of Ruin.
My focus is identifying trading opportunities within the weekly to five-month timeframe, aiming for a profit potential of 700-1000 pips
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shermanchoo
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