Zavoli1991
Newbie
- Messages
- 3
- Likes
- 0
Hello
I am starting to learn about swing trading as I think that this style of trade will be the most appropriate for me. After losing a lot of money, thankfully on a demo account, I have realised that I need a plan
big time.
So before I started to think about position sizes ect I went back to the charting board and actually tried to learn how to read a chart, before trading based on the pretty colours and lines.
I have been using this link and fount it very helpful:
http://www.swing-trade-stocks.com/swing-trading-basics.html
(External websites disclaimer, blah blah...)
I have attached an image and a questionnaire I have filled out, admittedly I do not know if some of the things I have written are correct, hence this post.
I am looking mainly at the first pullback, however I am aware that the chart shows a stock probably at the end of an uptrend. I would not currently buy I would wait for better signals as to the direction of the stock. I would have brought the first pullback, probably, but ain't that just hindsight?
My questions are:
Am I in the ball park? As in is what I have written ok? (I am aware of differing opinions ect so ofc there will be different views.
With a 1k account should I use a margin account? and if so what should my position size be? With about 3% risk.
Admittedly I need to learn more about risk/reward and the actual trading side, I am just first trying to walk before I run.
I appreciate the time anybody has to spend on this.
Many thanks,
Matt
:clover::clover::clover: Maybe these will help o.0
I am starting to learn about swing trading as I think that this style of trade will be the most appropriate for me. After losing a lot of money, thankfully on a demo account, I have realised that I need a plan
big time.So before I started to think about position sizes ect I went back to the charting board and actually tried to learn how to read a chart, before trading based on the pretty colours and lines.
I have been using this link and fount it very helpful:
http://www.swing-trade-stocks.com/swing-trading-basics.html
(External websites disclaimer, blah blah...)
I have attached an image and a questionnaire I have filled out, admittedly I do not know if some of the things I have written are correct, hence this post.
I am looking mainly at the first pullback, however I am aware that the chart shows a stock probably at the end of an uptrend. I would not currently buy I would wait for better signals as to the direction of the stock. I would have brought the first pullback, probably, but ain't that just hindsight?
My questions are:
Am I in the ball park? As in is what I have written ok? (I am aware of differing opinions ect so ofc there will be different views.
With a 1k account should I use a margin account? and if so what should my position size be? With about 3% risk.
Admittedly I need to learn more about risk/reward and the actual trading side, I am just first trying to walk before I run.
I appreciate the time anybody has to spend on this.
Many thanks,
Matt
:clover::clover::clover: Maybe these will help o.0
