So I am trying to figure out long strategies. And what I found out so far which I think is right or at least a plan that I can execute. Is to look for ABC D patterns and short squeeze set ups. I have noticed from my month or so of trading that these have the best potential to long! my problem now is myself I need to know that the only thing I want it to do is go up and when it is not going up cut the positioN. I have found theseset up quite a few times over the weeks and have been too scared to trade them even though video and lesson I learned has shown me to to be a profitable trade. I'm getting stuck in the backside moves low-volume out of my mind stupid cheap as no moveMing horrible positions and I can't stand it.
I would honestly love any criticism,advice,tips no offense but just from profitable/constant traders small or large account.
Thank You opportunities!
@Mainetradah the idea behind any trade is to have confirmation levels that you have in mind as part of the plan, if they do not play as anticipated, just exit and cut losses right away, start a new one, the trade and planned. Just remember that volume and volatility are you friends, it comes down to reading the chart and applying your plan at all times, even if you are wrong.
Thanks mang! I hope you nail some big winners soon you seem to have good consistency but no crazy p/l. Why aren't your profits larger with such consistency?
@Mainetradah a pleasure, always here to help out! Thanks, reason why I played it safe and with such a small size is because I like to test ideas/patterns first before shooting for a bigger position size, so I did not want to burn myself so quickly and go under the PDT. But I am planning to start trading more as I did stop after I started working for a company. I will be focusing on pure longs - ABCD, Daily/Intraday breakouts, Grind/Perk. Feel free to follow me :)
Get it done mang! I believe in ya!
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