Well That Went Well...Good day mates! So in this small segment I would like to highlight this swing trade I called on USDCAD. First things first, I was NOT as patient of a trader back then as I am now, seriously! I would see a move and think "ahh man I gotta hop on this" but would be in such a haste that I would market enter and get wrecked or so scared I wouldn't even take the trade. Luckily I was able to get a lil boost of confidence from my good friend @palmer519 and, not only take the trade, but to call out my first winning signal. I was struggling between scalping and swinging so much that 80-90% of my trades would get blown out or wouldn't even be executed.
"Alright Big P we get it, you were scared to trade and now you're not. Why do you swing trade??" I'm glad you asked.
This ultimately allowed me to not have to be on the charts allllllllllll dayyyyyyyy!
I developed my skill (still developing) on swing trading by doing these 3 things:
1. ONLY taking disciplined trades *meaning I wouldn't go against my trading plan for no reason at all*
2. TRUSTING my analysis *if I'm open for the jumper, I'm shooting*
3. ACCEPTING the outcome *I know I won't win every trade but if I'm winning enough then we got something going*
So in conclusion gang, patience pays and confidence slays lol. I know most of us may encounter days when we are not confident in ourselves but remember these few things: You will lose, its a part of the game & don't ever rush into making a move because your patience is what will determine your outcome, or in this case, ya income ;)
Happy trading family <3
*DISCLAIMER* : I AM NOT A FINANCIAL ADVISOR NOR AM I AN INVESTMENT MANAGER SO DON'T THINK IM TELLING YOU WHEN TO BUY OR SELL, BECAUSE IM NOT. IM SIMPLY POSTING MY ANALYSIS AND GIVING YOU INSIGHT ON MY TRADE IDEAS. FOR MORE INFO PLEASE REFER TO THE LINK IN MY BIO!
