{"id":44162,"date":"2016-08-16T16:28:52","date_gmt":"2016-08-16T20:28:52","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44162"},"modified":"2016-08-16T16:32:35","modified_gmt":"2016-08-16T20:32:35","slug":"managing-your-swing-positionstrades-better","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/managing-your-swing-positionstrades-better","title":{"rendered":"Managing your swing positions\/trades better"},"content":{"rendered":"

\"13658539_1043057285790014_1826435875_n\"<\/p>\n

 <\/p>\n

Hi Mike,<\/p>\n

I met you last 2 weeks at Singapore Invest Fair. \u00a0I am deeply impressed with your presentation and your New York traders trading ways.<\/p>\n

Personally, I am a prop house day scalp traders for Malaysia stock market for 8 years.my performance for the scalp trading is quite consistent and keep on growing.<\/p>\n

I have a matter need your advice. While my scalp trade is consistent when i go into \u00a0for my swing trade on stock market on midterm (few weeks) or longer term (few months) basics for my own capacity.i keep on have the scalp trade mentality even though I have a trading plan for it. When i am having position for mid term and long term, the scalper mindsets do affects me in stock market. ETF investment as well especially in profit taking. Cut loss and mental as well.<\/p>\n

This leads to my performance on my swing trade is not satisfactory.<\/p>\n

Mike any ideas, studies or improvement that I can make? I am really looking into the swing trade for mid term because I want to grow my passive income..Looking forward to see you again in Asia. Many thanks Mike.<\/p><\/blockquote>\n

<\/div>\n
@MikeBellafiore<\/strong><\/div>\n
<\/div>\n
It is common for intraday traders to struggle with swing trades.\u00a0 Intraday traders become so sensitive to the ticks in the market that is is hard to manage a longer term swing position.\u00a0 They want to sell when they see intraday weakness.\u00a0 They see the weakness intraday and cannot but help applying that to their swing positions.<\/div>\n
<\/div>\n
Most of our better traders at our firm trade intraday and swing ideas.\u00a0 How do they manage to trade both of these distinct ideas optimally?<\/div>\n
<\/div>\n
1) They trade them in different trading accounts.\u00a0 They have an intraday account for intraday trading.\u00a0 They have a swing account for their longer term ideas.\u00a0 This helps the trader trade their longer term ideas absent the influence of short term observations.<\/div>\n
<\/div>\n
2) They review their swing trading AND their intraday trading on a daily basis.\u00a0 Reviewing your swing trading on a daily basis reminds the trader of his rules for his swing trades.\u00a0 It helps him no to cut swing positions based on intraday indicators that are not driving his swing idea.<\/div>\n
<\/div>\n
Here is an example of one of our traders reviewing his swing positions during his daily review:<\/div>\n
<\/div>\n
\"swingreview\"<\/div>\n
<\/div>\n
3) Develop distinct rules for your swing trades.\u00a0 Intraday setups should been seen as patterns, with which you can gain edge.\u00a0 Swing trades should also be seen as patterns with variables that you can define, and with a predetermined exit strategy, that you trade with edge.<\/div>\n
<\/div>\n
*no relevant positions<\/div>\n","protected":false},"excerpt":{"rendered":"

  Hi Mike, I met you last 2 weeks at Singapore Invest Fair. \u00a0I am deeply impressed with your presentation and your New York traders trading ways. Personally, I am a prop house day scalp traders for Malaysia stock market for 8 years.my performance for the scalp trading is quite consistent and keep on growing. I have a matter need … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":44165,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[56,1035,1718,653,1354,4690],"class_list":["post-44162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-smb","tag-swing-trading","tag-the-playbook","tag-trader-training","tag-trading-coach","tag-trading-education"],"yoast_head":"\nManaging your swing positions\/trades better | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/managing-your-swing-positionstrades-better\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Managing your swing positions\/trades better | SMB Training\" \/>\n<meta property=\"og:description\" content=\"  Hi Mike, I met you last 2 weeks at Singapore Invest Fair. \u00a0I am deeply impressed with your presentation and your New York traders trading ways. 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