#MyTradingStyle My trading style is primarily swing trading, focusing on capturing short-to-medium term price movements over days to weeks. I prioritize technical analysis, utilizing chart patterns, support/resistance levels, and key indicators like RSI, MACD, and moving averages to identify entry and exit points. I look for assets exhibiting clear trends or consolidation patterns ripe for breakout or reversal.
Risk management is paramount. I pre-define my risk per trade, typically risking no more than 1-2% of my capital on any single position. Stop-loss orders are essential, placed at a point where my initial thesis is invalidated. I aim for a minimum 1:2 risk-reward ratio, seeking trades where potential profit significantly outweighs potential loss.
While technicals drive my decisions, I maintain awareness of macroeconomic factors and relevant news that could significantly impact market sentiment, particularly for the assets I'm tracking. I avoid overtrading, patiently waiting for high-conviction setups that align with my strategy, rather than chasing every market fluctuation. This disciplined approach aims for consistent, albeit smaller, gains over time, mitigating large drawdowns.