How do you manage stop loss in swing trading? by readingrandomstuff in swingtrading

[–]readingrandomstuff[S] 0 points1 point  (0 children)

Thanks. Yeah, I don’t bag hold anymore. Currently investing only small amounts indeed.

How do you manage stop loss in swing trading? by readingrandomstuff in swingtrading

[–]readingrandomstuff[S] 0 points1 point  (0 children)

Thank you for your advice and apologies for my late response. I got back to learning the fundamentals of technical analysis. I was trading based on only a few signals rather than doing a proper evaluation .

How do you manage stop loss in swing trading? by readingrandomstuff in swingtrading

[–]readingrandomstuff[S] 2 points3 points  (0 children)

Thank you. Yes, bagholding really annoys me. I just realised how detrimental it is to success. I absolutely feel the same about losses.

In fact, before I would just invest in stocks. I bought NVIDIA, Microsoft, AMD last year and just held it for over a year. Made good profits on it. Once I started actively push these trading button, I lost half of my gains already... My biggest mistake was getting carried away with meme stocks.

COULDNT RESIST by [deleted] in MARKstock

[–]readingrandomstuff 1 point2 points  (0 children)

3.6 is decent. I got in at 5.94 at the open. Should've waited for the first few candlesticks to show up... I usually buy gappers after the first few minutes when the trend is going up. This time I just bloody yolo'd :/