Reasoning:
Swing Traders (2-6 Week Holds)
Selling is done partially because we never know what is going to happen, so sell as money goes in your favor - Mark Douglas
Long-Term Investors (3-12 Month Holds)
Note:
- Big base breakout
- Part of strong industry
- First PB after big breakout
Swing Traders (2-6 Week Holds)
- Buying rule : Watch out for a buy stop, this helps avoid fake moves!
- Entry: Full position on breakout
- Profit Taking: Sell 1/3 at Goal 1
- Final Exit: Remainder at Goal 2
Selling is done partially because we never know what is going to happen, so sell as money goes in your favor - Mark Douglas
Long-Term Investors (3-12 Month Holds)
- Entry: Full position on breakout
- Profit Taking: Sell 1/4 to 1/5 at Goal 1
- Exit Signal: Close below 20-day EMA (your trend guide) or 50EMA
- Why: Strong moves are hard to time at the top, but the 20EMA acts as a reliable trend filter
Note:
- Remember: Every long-term investment alert can also be played as a swing trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
