I'd say the vast majority of trade ideas end up playing out so
you have at least some odds in your favor because of that.
Otherwise the biggest thing you need to work on is your time
frame - if you are trying to short term swing these, then your
initial stops have to be logical -such as near the last higher low,
or below the 9 EMA or 20 MA if it's close to that etc, or
just below a trendline. The thing I see people getting whipsawed
over most is getting stopped out on noise, only for the trade to go
on and work out
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I'd say the vast majority
BITF has been steadily declining since I took a BITE, ...
Posted by matt on 10th of Feb 2023 at 03:57 pm
I'd say the vast majority of trade ideas end up playing out so you have at least some odds in your favor because of that. Otherwise the biggest thing you need to work on is your time frame - if you are trying to short term swing these, then your initial stops have to be logical -such as near the last higher low, or below the 9 EMA or 20 MA if it's close to that etc, or just below a trendline. The thing I see people getting whipsawed over most is getting stopped out on noise, only for the trade to go on and work out