Swing Trading Ups and Downs
After an amazing start to the year, swing trading has gotten tough. What now?
This service is for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice. These are my opinions and observations only. I am not a financial advisor.
You know that feeling when you have everything working just right and your account is zooming higher?
It is a great feeling.
Experienced traders will study what is working and take notes to ensure we are able to repeat the process and continue to stack profits.
It is even better when you can put the same strategy to use, and effectively, over and over again.
You have a proven, winning strategy.
So what happens when that strategy stops working. Is it broken?
Should you move on to something new and trash your notes?
Of course this is not the answer.
Your strategy may need some adjusting but then again it may not.
The truth is, sometimes markets shift and when they do it can impact the effectiveness of different trading styles.
This is normal and something you will need to get used to if you want to be consistently profitable trading stocks and options.
This year the portfolio I share on Savvy Trader was ripping higher and hit 60% YTD returns. The account was on fire!
Since then, over the past quarter, not much has gone right for the portfolio and while it is still up over 17% on the year that is a far cry from the highs.
The strategy is not broken, I have proven that you can swing trade a concentrated portfolio of stocks profitably. And you can do so without adding new money.
Could I have traded better? Absolutely.
And that is the beauty of Savvy Trader, it allows you to see every trade I’ve made and it is all for free including the mistakes.
But I am not throwing in the towel or looking for an entirely different strategy.
Instead, I’m sticking to the plan and doubling down on the technical analysis before entering trades.
It really is that simple. Which is something I like to repeat.
If you have had success in the past with any given strategy but hit a rough patch and abandoned the approach. It might be worthwhile to dust off the trading plans and consider giving it another try.
This time around, look into what went wrong previously and try to learn from those mistakes.
One of the biggest mistakes traders make is jumping from one strategy to the next, never truly getting a deep understanding of any of them, and failing over and over.
If a trading strategy doesn’t work for you, that’s fine. You don’t need to stick with it.
However, if you have found something that worked but for whatever reason the profits stopped rolling in. Your account might thank you for getting back to what was successful.
Schedule Update
I’ve got a lot of great things in the mix. This newsletter, incorporating more audio/podcast material, and posting more on X are just a few things I’m doing.
If you like stories about the stock market you might also like to know that I’m writing a book full of exactly that. Short stories about the stock market.
I have decades of experience and so many stories to share. It is going to be fun to write!
I’m also working with WOLF Financial on a few new efforts. More to come on that front and I’ll continue to write for the WOLF newsletter every Sunday as well.
All of this has required that I assess my schedule and fine tune a bit.
I thought you’d be interested to know what the new schedule looks like.
I am excited about it because I will be able to be much more consistent.
Here's the new schedule:
Sundays: WOLF Financial Newsletter, A Trader’s Education (ATR) Newsletter, The Trading Triangle Podcast
Mondays: X Spaces
Tue-Wed-Thu: ATR Morning Audio/Written Newsletter Posts, X Spaces
Fridays: X Spaces
Saturdays: Family time!
Thank you for reading and let me know if there is a stock you would like me to cover or any trading topics you want to learn more about.
Have a great day and weekend ahead!
-Nate