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I am a struggling day trader with some swing trading mixed in.
I am currently long biased. My strategy is to formulate a watch list consisting of high volume low float stocks preferably with news. Then using technical analysis of chart patterns and indicators like VWAP and 9EMA. I formulate a plan for entering into the trade with profit target and a pre-determined stop loss. My problem seems to be having the discipline to stick to my plan.
My swing trading strategy involves scanning for major break outs like at or near 52wk highs. Then again with the technical analysis to determine major support and resistance areas so I can put together a plan of action. The few swings I did at the beginning of this year I think I did fairly well on but I do have a relatively small account.
Thanks.
I would stop all of this. Start here.
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