Here's a good example of one of my styles of trading. For the most part I enter and exit trades fairly frequently.
I don't typically hold long term trades. For me personally I have found that because long term trades don't come along very frequently I do better getting in and out routinely at logical support and resistance zones. If I was attempting to pick tops and bottoms for long term trades I'd get a lot of false signals.
Over time I've learnt for every long term move there are at least 20 shorter term moves. I would rather catch these shorter term moves, take profit, increase my equity, increase my trade size. Rinse and repeat.
This method works well for me and means that within a period of time I can extract more from the market than if I was holding a single trade over the longer term.
In the above photos you can see that 3 trades were executed on AUD/USD and each was exited at a logical support zone. If I had held the trade I would have received 53 pips but by moving in and out with the market flow I have secured 150 pips over the same time frame.
So this is one of the strategies I typical use and achieve returns I am very happy with.
The great and fascinating thing about trading is there are many different strategies that are used successfully. And everyone is free to develop what works best for them. There is no one right way.
Got so much more things to work on
But each and every single day I put
My grind and mind to perfect my craft. Giving up was never a option
The things I had to sacrifice for this
Will all pay off. ☕️⌛️ Have a good day 👋🏽