Swing trading gold reddit. Its FREE because im back testing.

Swing trading gold reddit Gold pumps when dollar dumps and vice versa. I have seen people saying you can make 20% - 30% annually swing trading. I tried copy trading 6 traders and the successful ones have been holding their positions for days, and during this period it is quite unnerving and almost 99% of the time these open positions go into negative terrain. If your trade went wrong you can go back and it is much easier to analyse what went wrong. swing trading if you are busy (maybe because you are already earning well by doing other things, time consuming job, etc). It is more chaotic compared to trading a currency like EURUSD where bad news in the country usually means currency will take a hit. Changed my life! (He could work on his titles, but the content is gold!) What if i told you that there is a live streamer who publicly bought the weekly highs twice and sold the weekly bottom on gold. The objective of this community is one thing and one thing only: MAKE MONEY. Swing trading, which primarily (but not exclusively) relies on technical analysis, is certainly a different beast from investing, which is predominantly fundamental analysis. ). I also want to echo the recommendation on dummies books for swing trading. I have did swing trade with GOLD in the past. Also in order to ensure it’s not the latter, you have to stay up with current affairs/do more research/follow technical indicators. Welcome to FXGears. However, when you do this, don’t focus on one trade – focus on your portfolio as a whole. It is important to thoroughly research and test any trading strategy before committing real money to it. FTNT swing trade. Ultimately, whether swing trading in the forex market is worth it for you will depend on your individual trading style, risk tolerance, and investment goals. day trading / if u can spare a few hours within a day to place 1-2 trades. Risk Management and Position Sizing. Trade Management. I suspect that the figure is probably closer to 10% annually - which works out to less that 1% a month (and that's assuming you're disciplined, stick to your trading plan, limit losses, good risk to reward ratios etc. You stand to make much more or lose much more swing trading. Swing trading in some respects is better than day trading or scalping in that the longer time frames involved are (somewhat) less prone to false signals. Entry and Exit Rules. scalping if you have any time in the world to watch your screen most of the time. Any of Mark Minervini's books are gold for swing traders. With gold sometimes I spend too much time trying to do post trade analysis. For clarity, you can also look at DXY chart and then trade it inversely on gold. Let's hear your r/swingtrading: Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring… ADMIN MOD • This community will be a work in progress as I learn to navigate Reddit. Like its really good. PG swing trade UNP swing trade. Somehow it feels like it's a good mix of all strategies I've mentioned above. So could you swing trade and live off of it assuming a realistic starting capital ? Sep 25, 2024 · In this reply to @Dkpdkp requesting an update on the precious metals yesterday (click to view charts), I highlighted the simply yet effective pattern of actively swing trading the divergent highs & lows on gold & silver (with many of those short-term trends shares as profitable trade ideas in recent […] Oct 24, 2024 · Implementing the right XAUUSD swing trading strategy can be the key to capturing profitable opportunities in the gold market. Trade Management: If trade reaches 1:1 reward-to-risk ratio, move stop loss to breakeven. This turned into a big loser. Risk Tolerance and Capital Allocation. Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. I typically look for investor sentiment and swing trade on the optimism and sell before the planned news date. My top option is 25 Year+ US treasuries via GOVZ ETF. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. I noticed that swing trading and day trading tends to be more successful. Now I'm wondering if it's a viable strategy to make good or satisfactory amount of extra money on daily basis. I've been looking over value investing, pennystocks, day trading and swing trading, and for some reason I am very attracted to swing trading as a strategy. for swing trading, i think you can afford the time to thoroughly analyze multiple pairs so it makes no sense to limit the number of pairs to just one. com, a trading forum run by professional traders. Review and Adaptation. I'm not sure why. So if your a swing trader just give me a dm at Instagram (saafy_mv) and I will tell you the indicators and price action along with bonus. Trading Style and Strategies. r/FuturesTrading is a place to discuss futures, commodities, etc. If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. Gold is actually very enjoyable to trade, it respects trendlines very much. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. Note: I have split my portfolio in equity and non-equity allocation. Its FREE because im back testing. Look at OVV, a position I was in profit on but kept on as a swing to balance out shorts in my portfolio. So I am a swing trader and I use s*****c settings length x x x settings for swing trading along with *s*. I have been reading and studying swing trading. The plan is to buy them now and exit when interest rate falls. IMO, generally, if you have to ask it’s better to buy and hold. I swing trade gold, as 1 of about 30 futures markets, all principally on the daily and half day charts. I'm happy to elaborate further if anyone is curious or interested. How did I know when I needed to sell? When I needed the money, I sold some index fund shares. . Stoploss and TP info provided. Dec 27, 2023 · Swing trading is ridiculously easy if the holding period is one year or longer, qualifying for 0% LTCG's. Share futures trading insight, tips, and your trades! The best time to swing trade (bullish swing trades) is after a market dip, and you see SPY has formed support. Hope that helps someone out there! Ok people. Ok, so I trade gold every day for the last 2 years. Whether it’s flipping stocks, shoes, sports / Pokémon cards, or some random bs you find at a thrift store. I have read, reread "Trade Like a Stock Market Wizard", "Think and Trade Like a Champion", and "Mindset Secrets for Winning" multiple times now. Yes indeed. I can't get a consistent 20-day green, for example. To be fair though, you are taking more risk with this strategy. the more pairs you inspect, the more trade opportunities you will find. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Must-Have Components of a Trading Plan: Trading Goals and Objectives. October 18th for example - SPY had just gapped up twice, and when the market closed on 10/18 it was the second day in a row (after a significant dip that started on 9/20) that it finished over its SMA 50 on the daily chart. r/swingtrading: Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring… Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. Below, we outline seven powerful strategies that blend technical analysis, price action, and risk management to help you succeed in gold swing trading strategy . I don't want to buy Gold at this moment at these high prices, so I am looking for other super-safe options now. Feb 14, 2007 · I've heard that total profits are potentially higher with swing trading than day trading, and then I've heard the opposite. The fun part starts when he you get to know he runs a paid group and has nearly 80k subs on youtube. bld epxl yoxjr uos bgtaoecsd wlcci hfek zzsi vvd rxyyah