In this video lesson I just wanted to review my last 3 swing trades. In general I’ve been doing a very small amount of swing trading so far this year due to the fact that we’ve been in a bear market. But since we are in a Bull market now (based on Weekly, Daily, 4 Hour 180 MA) I’ve started to get back into the swing of things 😛
In general in a bullish uptrend price loves bouncing off support zones. If price moves 5-10% past entry and I wouldn’t buy more I’d look for an exit on the position. Don’t make any rash moves (we’re in a bull market) or has the trend changed? Remember we are swing trading, not day trading.
Quick things to ask yourself before entering position or placing limit order.
- Are we in a bullish market
- Is the trend of this coin up
- Am I getting a good value, think r/r
In the video I’ll discuss these 3 points regarding the trades below.
Recently Closed Swing Trades
Currently Active Swing Trades
One of my favorite things about swing trades is they don’t take a lot of time. Place ideal limit orders to enter and exit near support and resistance levels and get back to what else you were working on.