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- A Perfect Time To Buy If We Dip? - Mid-Week Recap
A Perfect Time To Buy If We Dip? - Mid-Week Recap
Prepping for the next move.
Simplify Wall Street
February 29, 2024
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Table of Content
Insights
💻️ Click here to retrieve the link to our Monthly live stream on
Sunday, March 3rd, at 7:30 pm - 8:30 pm eastern time. (more info)
Psychology
Swing vs. Day Trading Adjustments
For context, I'd like you to watch the brief video below on a young lady working through her trading journey.
Key takeaways for others feeling this way.
The good:
She is self aware of her emotions
The bad:
She is confused about the point of swing trading.
Explanation:
Swing trading is not about buying and holding for the max profit you can make. It’s about being able to make money while not having to be glued to the screens every day.
This is why a lot of swing traders will use equity and options. you sell the options when they are up 30, 50, 100, 300 percent and you can always hold the equity.
This will be in all caps because I am yelling through text so you can really understand!
My point is.. STOP TREATING SWING TRADING AS A BUY AND HOLD STRATEGY.
IF YOU BUY MULTIPLE CONTRACTS YOU TRIM PROFITS AS YOU GO. IF YOU ARE UP $2,000 TRIM OR SELL, TAKE A QUARTER OF THE PROFIT AND BUY FURTHER OUT THE MONEY CALLS FOR RUNNERS.
SWING TRADING IS STILL TRADING!
Should I cover this in our live stream? and Are you joining the stream on March 10th 7:30pm est |
Monthly Livestreams
Vote only if you haven’t voted already. If you have already shown interest, a link was sent to members yesterday! The first stream date is March 10th, 7:30 pm Eastern time. A reminder will be sent this weekend.
Interested?This is something new we may test in the coming months for premium members. For now everyone is welcome. Topics include: - How to identify market signals - Navigating The Market Faster - Identify stocks that fit your risk tolerance |
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