Just watched the account tick over 4.6M this morning. Up 152% and about 2.79M net in the last 3 months. This was the exact target I set for myself when I started over after blowing up my account years ago. Now I made it, and I am officially retiring.
Chasing home runs is a trap. This entire PnL is built on stacking boring 10% swing trades.
I stopped caring about the upside and just focused on protecting my downside. I do not use fixed percentage stops. My stop is simply the exact price where institutional order flow breaks down. If I am wrong the loss is so small it barely shows on the chart. That is why the whole 3 month trend looks like a solid green line. If the big money bids disappear I just exit.
I average maybe 5 to 8 swings a month. I dropped retail indicators a long time ago to just follow volume. I use volume profile to find where heavy institutional money is trapped. When price hits that zone I look for massive volume spikes with very small candle bodies. That means big players are absorbing retail panic. Finally I read the tape for buyer imbalances to time the entry. I just follow the money and leave if it dries up.
Manage your risk. Hope you guys make it out of the trenches. Good luck out there.