Swing trading gold reddit. com, a trading forum run by professional traders.

Swing trading gold reddit Now I'm wondering if it's a viable strategy to make good or satisfactory amount of extra money on daily basis. 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. 5 years, I am moving most of trades back to swing trading. Share futures trading insight, tips, and your trades! The best time to swing trade (bullish swing trades) is after a market dip, and you see SPY has formed support. Really started exploring swing trading Dec. 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. intraday to a potential swing trade - I add indicators to the mix for additional confirmation. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! I now only trade high volume. If you're swing trading I'm assuming that you're holding these for <1 year so they will be taxed according to your tax bracket. I have seen people saying you can make 20% - 30% annually swing trading. $100k is far too small of an amount to comfortably swing trade for a living off of. YouTube. Not very long. Much better than the price action trading you will find on youtube. You stand to make much more or lose much more swing trading. Never add to a losing trade - obey your stoploss & cut your losses quickly. No problem. If you can scalp or day trade, you can swing trade. day trading / if u can spare a few hours within a day to place 1-2 trades. I swing trade 15 FX pairs in the exact same way but using the W,D and H1 as entry. Futures 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. Same effect. rinse and repeat. I also want to echo the recommendation on dummies books for swing trading. Looking at getting back into Swing Trading after a couple year break from activity. "starting a 9-5 job soon" + "swing trading" = just don't. I have did swing trade with GOLD in the past. I use what I learned from the book in almost every swing trade. I would suggest carefully reading each chapter and taking notes. I know it takes a long time to learn and have the patience for slow and steady. I backtested a lot, both in normal charts and the replay thing in TradingView. Oct 24, 2024 · Implementing the right XAUUSD swing trading strategy can be the key to capturing profitable opportunities in the gold market. Swing trading, which primarily (but not exclusively) relies on technical analysis, is certainly a different beast from investing, which is predominantly fundamental analysis. I very rarely trade a penny stock. You might want to learn and use RSI divergence in trading gold. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! Technical Analysis of Stock Trends is one of my favorites. So could you swing trade and live off of it assuming a realistic starting capital ? Discover the top 4 gold trading strategies that are perfect for scalping, day trading, and swing trading! Whether you’re just starting or have years of exper Sep 25, 2024 · In this reply to @Dkpdkp requesting an update on the precious metals yesterday (click to view charts), I highlighted the simply yet effective pattern of actively swing trading the divergent highs & lows on gold & silver (with many of those short-term trends shares as profitable trade ideas in recent […] Aug 19, 2024 · Want to trade gold? This swing method is straightforward, effective, and perfect for beginners. And sometimes you have to cut sooner and sometimes even day trade could lead into swing. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! Welcome to FXGears. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. scalping if you have any time in the world to watch your screen most of the time. Swing traders can go through a multi-month drawdown even with a profitable strategy, b That said, I learned it was FAR more important not to lose all your money than it is to make money. Go with the flow. If you're trading options on the day of expiration for example, you REALLY should be entering based off a small time frame such as the 1 or 2 min. I would like to start trading only these two pairs with a prop firm such as FTMO, but I don’t yet see how I can pass the challenge given this strategy sometimes only presents a few trades per week or month. Also Tr4d3r10 and markettraderstv on twitch are great resources as well. 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. And futures aren’t the best for swing trading (requires much more capital) so you may want to consider another market (Forex, stock options, etc) I trade the micro index futures from 1-4PM EST It's very short. But don't expect to double this money in the next few trading days. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! heikin ashi candles work well for swing or momentum trades, but not so good for scalping. How did I know when I needed to sell? When I needed the money, I sold some index fund shares. Never hold a large position into an earnings report without a profit cushion equal to the implied move. PG swing trade UNP swing trade. His daughter won contest another year when she was 17 Reply reply If you are a proud beginner, you can start swing trading with a capital of Rs 5k, if you do not have that much money you can even start with Rs 2k. Edit. If you trade a standard less volatile stock you wont have as strong of an emotional response and will be able to think more clearly and level headed which will teach you how to trade like a robot. Sifting through reddit can be very enlightening, hilarious and really annoying (insert moon emoji and meme ticker). Somehow it feels like it's a good mix of all strategies I've mentioned above. 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. swing trading if you are busy (maybe because you are already earning well by doing other things, time consuming job, etc). Well, nevermind. Instagram. have 20 Swing trading involves buying and selling securities within a few days to weeks. Changed my life! (He could work on his titles, but the content is gold!) 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. And yes smaller timeframes would be better since you want to scalp/day trade instead of swing trading to flip the $100 in a quicker manner. Stick with a 1:2 ratio for now, or you can even go with a little less ratio than that. FTNT swing trade. What you call better connected to the market and news, I'd call trading your time freedom to get capital freedom. You can be profitable adhering to any proven strategy. 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. Or throw your money into the toilet. A pleasant and functional UI. For example, gold futures trade in contracts for 100 troy ounces. ETF’s in general are more for long investments and not great for ideal swing trading unless you find ones like BOIL and KOLD that go against each other for natural gas. Note: I have split my portfolio in equity and non-equity allocation. Feb 14, 2007 · Many do, but finding the statistics is difficult. It happens when you have almost no control, so risk management, SL and other things won't help. It seems like there is a minimum balance needed to trade gold ? Right now, XAU is in the $1940 range . Honestly if you can’t trade during the 3AM-5PM EST trading window then you might be better off swing trading as opposed to day trading. I want a brokerage that is reputable with robust data for fundamental and technical analysis. Gary Dayton who is a psychologist and a real trader that teaches how to read price action on charts and doesn't really use . But for the challenge, they're faced with the same problem as before. With my main swing trading methodology, I will typically trade a given market about 6-8 times in a year. For those like me just use this small variation on another Stylus configuration file to invert the video feed colors. So if your a swing trader just give me a dm at Instagram (saafy_mv) and I will tell you the indicators and price action along with bonus. so keep grinding with 20 bucks for a year and you will enjoy all the emotions of trading. Note: Backtest it on your own before utilizing it in live market! Hope this will help you in your trading journey!! Welcome to FXGears. Past 100 pages they're either using a dozen indicators, using too many examples of the same thing, or telling stories. (possiby 5 at the highest) because if youre not looking at it and it pulls against you as soon as you get in it can screw your position up fast. i use regular candle sticks for scalp trades. Personally, I find value in using both the MACD and RSI in my trading strategy. There is no way to purchase VIX with high fidelity. If I'm more excited about the profit potential of a trade, I know I'm emotionally compromised. Hi guys, I'd like to try trading Gold/XAU . I noticed that swing trading and day trading tends to be more successful. And to determine risk it would be 1$ yes but you can use a forex risk calculator online for a different amount. Intraday - now i mostly trade off just multi timeframe volume, price action and candle analysis, support/resistance zones and pivots, L2 and T&S, and vwap. 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 Can't help but notice that your article is biased towards swing trading, you've down played the risks that come with it. Indeed, each of these indicators - Stochastic, RSI, and MACD - provides a unique perspective on price momentum and potential reversals. This turned into a big loser. Look at OVV, a position I was in profit on but kept on as a swing to balance out shorts in my portfolio. IMO, generally, if you have to ask it’s better to buy and hold. I typically look for investor sentiment and swing trade on the optimism and sell before the planned news date. Still reading: Welcome to FXGears. Literally the same concept as scalping just a little different and slower The reason swing trading doesn't work is because of daily 5% rules, swaps and higher spreads during market open time. This book has everything. Focus on learning price action technicals. Reddit. 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. Technical Analysis is king. So I am a swing trader and I use s*****c settings length x x x settings for swing trading along with *s*. It's a huge improvement for day traders at least. Looking at growing capital and possibly doing this into retirement. Typical holding time is a few days to a few weeks. Dec 27, 2023 · Swing trading is ridiculously easy if the holding period is one year or longer, qualifying for 0% LTCG's. Welcome to FXGears. 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. most trades won't give trouble but that 1 bad trade will cost you account. Because day trading or swing or investing it's the same idea just depends on where your target levels are. Its a heavy read. Now we can trade through high impact news and hold runners over the weekend if we want. You don't swing trade unless it is your full time gig and that is what you are doing for a living. you can miss certain patterns with just heikin ashi. Ah, I see what are you asking. It's calculated live while you're in a trade instead of at the end of each day. The fun part starts when he you get to know he runs a paid group and has nearly 80k subs on youtube. I'd say $500k min if you're single/low cost of living, though $1M is more often quoted as the appropriate amount (especially if you have a family). You can use the H1 > M15 > M5/M1 as your key timeframes I have been trading 6+ years, after experimenting with day-trading for 2. Swing trading allows you to have more of a 'birds eye view' of the market, timing your entry and holding positions a little longer - not every day is a trading day, and sometimes, not every week is a trading week! 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. . Stoploss and TP info provided. i usally stick with regular most of the time. read a lot of books about trading and start with 20usd trading account. So far my best ideas are to 1) trade smaller and double my stop size, 2) focus on scalping with a risk-reward of -5/+10-15 points to grow my account, 3) scale out based on the move so I can take some profits but hold some (with break even stop) just in case this move is "the big one", 4) trade less often and focus on longer term charts Their trailing drawdown is calculated differently than most other firms. do not trade bigger amounts unless after 12 month you are at least at break even. r/SwingTradingCharts: charts and breakout levels for swing trading setups on any timeframe. which broker offers the best GTT like espresso, upstox, groww i read upstox allows to place SL at time of order placement itself and it wud be helpful if it has tradingview integrated drag n drop mouse trading like fyers, dhan You can find most of the information found in this course in the infamous "kewltech" blogs from 10 years back. If your trade went wrong you can go back and it is much easier to analyse what went wrong. Swing trading is the way to go. But there are some good traders out there, I'm a huge fan of Dr. r/swingtrading: Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring… 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. Swing trading IS your 9-5. 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. Recently completed trades lasted: ES (2 days), Soybeans (2 weeks, and another for 10 days), Euro (5 weeks), Russell 2000 (1 week). I do not day trade per se, but occasionally end up with a day trade when swing trading using a shorter term time frame chart, like a 2 hour chart. Just do the same thing but on the larger timeframes. 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. We would like to show you a description here but the site won’t allow us. Unfortunately work means I can't be by the screens all day 😥 I'm in the UK too. I’d point out Larry Williams, 1987 winner with +11,000% gain in a year, includes some swing trading. What are some of your favorite and simple (novice) resources for learning swing trading? books, youtubers, blogs or twitters, whatever you appreciated whilst learning. From really great introduction to trading all the way through to a great write-up about the three pillars of trading: Money management, Methodology and Psychology. The more common method to trade gold would be swing trading gold, meaning taking longer positions in the commodity. Now I trade mainly at the close and open, but still monitor occasionally throughout the day. Below, we outline seven powerful strategies that blend technical analysis, price action, and risk management to help you succeed in gold swing trading strategy . 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. 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. i think it depends based off what you are trading. I tend to price action trade and want to be more technical in my trades and thats how I want to approach swing trading. r/FuturesTrading is a place to discuss futures, commodities, etc. because your swing trading the market moves pretty slow for you to enter and exit. - First, for all those that say trading is investing well investing is sharing the capital of company X with other investors which means you are committed for a long term not for 1h (day trading) or 4 days (as swing traders) to be -partially- owner of the business. Need recommendations and pro/cons of different brokerages. Dec 29, 2018 · just a small add I am a dark theme guy for everything and when I am into any other type of environment I suffer. Reply reply 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. However, when you do this, don’t focus on one trade – focus on your portfolio as a whole. fitting around 9-5 job, if relevant etc). So, if gold is trading for about $2,000 per ounce, each futures contract is $200,000 in value. Canadians interested in investing and looking at opportunities in the market besides being a potato. I back the fuck off the trade fora while. I practiced trading both with real money and with a demo account for about a year and read over 6 books until now. However, the most basic – preferred by many – are a combination of moving average lines (simple and/or exponential) and support/resistance levels. You could (imo) say that someome who enters a trade on 15min and keeps the trade for many hours without holding overnight, is swing trading within the day. You'll need to calculate your total income, including your net short-term capital gains (and less certain adjustments), to determine your tax bracket. It is not an asset that an ETF could hold for you. In my opinion, once you learn to trade, you are trading a chart, not trading what the chart represents. 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. The plan is to buy them now and exit when interest rate falls. You need maybe 6mo of experience to use Kell's book, and you'll have a complete swing trading system. im currently using fyers n shoonya but not satisfied with their tools. Expect 5% to 15% gain on your capital per trade, considering the situation is ideal and that you make only profits. I trade in 30+ futures markets, and there are almost aways good swing trading opportunities in some of them. Discussion is geared towards investment opportunities that Canadians have access to, including questions regarding individual companies, ETFs, tax implications, index investing, and more! Welcome to FXGears. Ola pessoal, alguns dias fiz um thread sobre Carteira de Longo prazo e sobre swing trade, para minha supresa varias pessoas tambem comentaram sobre swing trade, por tanto gostaria de ter nesse thread um espaco para discutirmos nossas ideias, nao sobre qual empresa comprar e quando mas sim sobre estrategias e dados que voces usam na hora de avaliar. It is more chaotic compared to trading a currency like EURUSD where bad news in the country usually means currency will take a hit. ADMIN MOD • This community will be a work in progress as I learn to navigate Reddit. When I get my emotions under control, I start plotting out a trading month 2 weeks before it starts. Here we focus on Canadian stocks and ETFs listed on the TSX, CVE and OTC markets. I have read, reread "Trade Like a Stock Market Wizard", "Think and Trade Like a Champion", and "Mindset Secrets for Winning" multiple times now. For 90% of folks, the answer is long term investing, but for a select few swing trading could make sense. You also need to have the right personality to match your swing trading style. 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. Swing trading refers to holding your trades for longer periods of time. I have been reading and studying swing trading. What stocks have you been trading if I may ask? 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). You can easily figure out what to swing trade. No trading book needs to be long. With gold sometimes I spend too much time trying to do post trade analysis. I don't trade any options or futures but I do dabble in LETFs. Scalpers tend to trade small time frames. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. He's an example for clarity. Each contract is for a standard amount of the underlying asset. Good question - started with trading Forex and other Futures, because I liked the exceptional liquidity available in these markets (albeit my approach wasn't ideal to begin with: used to trade several Forex pairs and commodities, and now only trade one Forex pair and only look at Gold & Silver in terms of commodities). I grind through their financials, find out how far til their next earnings, look at their ceo and board, check their products (or services) through 3 or 4 different available services, and then Welcome to FXGears. For swing traders, it's a great improvement too once they actually get the funded account. Whether it’s flipping stocks, shoes, sports / Pokémon cards, or some random bs you find at a thrift store. Nice work man. If you follow and pay attention to futures, like gold, oil, gas and such. 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. I started off scalping indices on the 1-3min charts for 2 years man was that stressful and time consuming. So you get the idea. The last 3 days of the month I narrow down the months worth of noise to about 100 stocks. I guess my questions are: how much do I need to start trading XAU ? 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. I don't want to buy Gold at this moment at these high prices, so I am looking for other super-safe options now. 15 in a day. ). I’ve been thoroughly backtesting a swing strategy on two pairs with solid results (60+% win rate averaging 2R on each trade). Divergence really help me a lot you just need to master price action confirmation to enter a position. if you manage to be positive ie. Tbh I trade a lot of gold and sometimes it rips me a new one. All stocks have some level of volatility, and with that 1:4 ratio, your stop loss will stomp you out from basic volatility. To be fair though, you are taking more risk with this strategy. check once at market open and once at lunch boom done. Scale up exposure when trading well; scale down exposure when trading poorly. Got a little bit familiar with the market back then. Let's say you have a 3k trailing drawdown and enter a long trade. Share futures trading insight, tips, and your trades! Yes, you can swing trade with 1hour timeframe, but try trading using at least 1 or 4 hour timeframes. Personally, if I have a trade going my way with some strength and I think it’ll keep going, I’ll hold a couple contracts over night or for a few days. as mentioned above - paper trading eliminates most of what is important in trading - emotions: greed and fear. X. If you are trading any kind of price action strategy, what you want and need is movement and the patterns you look for- a chart is a chart. i personally use the 1 or 2 min as my entry, BUT only I work through my list of swing trade stocks every 30 days. I also trade other high volume stocks like Palantir, Mara, Intel. So for anyone who is looking to enhance or actually rebuild his trading skills. There are multiple ways to day trade your strategy could involve single point scalps or multiple point swing trades. I'm happy to elaborate further if anyone is curious or interested. the more pairs you inspect, the more trade opportunities you will find. Oil is measured in barrels, which are about 42 gallons, and each futures contract is for 100 barrels. depends on the type and timeframe of the trade. Its not specifically about swing trading, yet explains the psycology behind patterns, support/resistance, etc. 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. 3) 5% in one swing trade position is too big. Swing traders usually hold their trades for days/weeks. Like its really good. Its FREE because im back testing. com, a trading forum run by professional traders. 236K subscribers in the IndianStreetBets community. I used to stare for hours at a screen watching crappy stocks move like . October 18th for example - SPY had just gapped up twice, and when the market closed on 10/18 it was the second day in a row (after a significant dip that started on 9/20) that it finished over its SMA 50 on the daily chart. Also in order to ensure it’s not the latter, you have to stay up with current affairs/do more research/follow technical indicators. There are two primary ways one can swing trade gold and a tertiary way that may be less common and more risky. India's fastest growing trading community! Discord. 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. Liquidity. By the end of this article, you’ll have the tools and knowledge to start trading gold with confidence. The objective of this community is one thing and one thing only: MAKE MONEY. If your instrument is not performing today, you may not have much opportunity. Reddit swing trading strategies: Momentum System Basic Rules Various technical indicators are useful for swing trading. Any of Mark Minervini's books are gold for swing traders. Well all futures trading has risk, but yes, swing trading can open you up to more risk depending on how you are trading. Being profitable with something like a PATs strategy scalping one point requires a much higher win rate than swing trading supply and demand zones, especially if you trade Welcome to FXGears. of 2020. I exclusively swing trade and do it full time, here's what I would recommend to a beginner from my experience. would I need $1940 to buy the minimum lot size ? I had a Forex account earlier this year with $250, and I wasn't able to buy any. g. The Universal Principles of Successful Trading by Brent Penfold If I could recommend only one book regarding trading, it would be Penfold's masterpiece. 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. That means all your big stocks like apple, Amazon, meta, etc. Would recommend a trading style that fits your personality, and ability to be at the charts (e. There are traders who hold the position for a few days too and are making good profits. ESPECIALLY if you are trading penny stocks. Depending on your style of trading it can make things abnormally difficult. Now I short term swing currencies on the 2 hour chart usually 2-3 day long trades. I was curious what realistic monthly or annual returns are for swing trading in your opinion. Hope that helps someone out there! Ok people. They all trade the same style. Swing trading, you should be looking at the monthly, weekly, and daily candlesticks for structure and possible zones or prices for buying or selling. i wana start swing trading frm new yr. Never risk more than you can expect to gain on average (based on your stats). Gold worth looking at past 6pm GMT? Im profitable but miss alot and it's slow going swing trading. Just do longer term trading you can do during breaks and make use of GTC orders and stop losses/determined loss Welcome to FXGears. My top option is 25 Year+ US treasuries via GOVZ ETF. 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. uyxl ujqylx ruzde ylpg hyzy dghrcmr kfcf saiqai lepdisk yic