moonchild
VIP Contributor
Swing trading simply means entering a trade and letting it run for a very long time either days or month without closing the position, in swing trading large account is needed to be able to contain drawdown when it occurs and to also avoid blowing accounts.
Mostly swing traders are those that have other commitments they're attending to and don't have the time to sit by there chart and trade, so they just enter a position and wait till they make profits out of it.
As a swing trader the only time frames you should adhere to are the daily timeframe and monthly timeframe and weekly timeframe any other one is secondary and isn't important in making trading decisions.
On higher timeframe there's less choppy markets and you'll be able to find market structures easily, because a single timeframe is a huge amount of data that was gathered over a very long period of time.
Make sure you use a small lot size and your stop loss should go all the way down because you might be faced with a reversal when you enter.
Always look for structures and leave your trade to play out till it hit a take profit or stop loss.
Mostly swing traders are those that have other commitments they're attending to and don't have the time to sit by there chart and trade, so they just enter a position and wait till they make profits out of it.
As a swing trader the only time frames you should adhere to are the daily timeframe and monthly timeframe and weekly timeframe any other one is secondary and isn't important in making trading decisions.
On higher timeframe there's less choppy markets and you'll be able to find market structures easily, because a single timeframe is a huge amount of data that was gathered over a very long period of time.
Make sure you use a small lot size and your stop loss should go all the way down because you might be faced with a reversal when you enter.
Always look for structures and leave your trade to play out till it hit a take profit or stop loss.
