๐ฅ๐ #SwingTradingStrategy ๐๐ฅ
๐ As iโve built a successful portfolio with a 156.73% return, and Iโm now exploring swing trading strategies to enhance my high-frequency trading approach.
๐ Swing trading involves holding positions for several days to weeks, capitalizing on expected price movements within a trend.
This contrasts with my current strategy, which focuses on short-term market shifts.
๐ Iโd start by identifying stocks or crypto assets with strong momentum, using technical indicators like moving averages and Relative Strength Index (RSI) to spot entry and exit points.
๐ For instance, Iโd look for assets where the 50-day moving average crosses above the 200-day average, signaling an uptrend, and RSI below 70 to avoid overbought conditions. My chart, showing steady growth since June 2022, suggests I can adapt to longer holding periods.
๐ Risk management is key. Iโd set stop-loss orders at 2-3% below my entry to limit losses, given my cautious trading style. With todayโs PnL at 0.70% as of 04:32 AM PKT on June 21, 2025, Iโd aim for 5-10% gains per trade, aligning with swing tradingโs profit targets. Iโd also diversify across 3-5 assets to mitigate volatility, a lesson from my portfolioโs fluctuations.
๐ Backtesting this strategy on historical data could refine my approach, though Iโd need real-time market analysis for precision. I could use my tools to search current trends or visualize performance on a canvas panel.
๐ This strategy leverages my expertise, balancing my entrepreneurial drive with calculated risk, potentially boosting my portfolioโs growth.
๐จ Let me know if I should proceed with further analysis!
