How to Swing Trade & Manage Risk | Interview with Veteran Trader Matt Petrallia

Published on May 15, 2023

Interesting overview top searched Online Forex Trading, Best Trading System, and What’s Swing Trading, How to Swing Trade & Manage Risk | Interview with Veteran Trader Matt Petrallia.

Welcome back to the Market Chat! This week as our guest we have Matt Petrallia, a veteran trader with over 20 years of experience as a swing trader. During this interview, we discuss his background and how to swing trade effectively.

We talk about mindset, psychology, routines, the effects of Social Media as well as setups + position management. We also go through charts and discuss technical analysis.

Connect with Matt:

https://www.tradingequilibrium.com/

Enjoy!

-Richard
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Timestamps:
0:00 Intro
0:45 Matt’s Background as an Architect, Learning to trade
2:24 Recommended Trading Books
4:27 Early Mistakes Matt made
6:00 The importance of staying balanced, and trading with a plan
7:05 Let the decisions fall on the charts
7:20 Overtrading Mistake
8:30 Learning through failure.
8:45 Dan Zanger, Waiting for your pitch and Market Conditions
11:40 Hobbies outside of trading
13:08 Timeframe and Average Gain/Loss + Holding Periods
14:10 Options Trading
14:30 Options Risk Management
16:00 FOMO Social Media, Rocket Emojis
16:55 Choosing Options Duration
17:55 Options Position Sizing
18:50 Total Open Risk
20:25 Technicals versus Fundamentals
21:45 Determining Market Conditions
23:28 Progressive Exposure
24:30 Building a Focus List, Stock Selection
26:02 Pullback Buys or Breakouts?
31:20 Chart Setups, Too many indicators
32:50 Summary Statistics, Risk Management
34:11 Batting Average
35:40 Using Excel to Track Trades, Journal
37:49 Setting Stop Losses
40:50 Buying Near 52 week highs
42:50 Stop loss management, moving up stops
45:00 The Art of Trading
46:20 Risk Management, Keeping Losses in Check
48:50 Determining Position Sizes
49:50 Reading Charts Demonstration GS
52:40 GS Second trade (Loser)
54:20 SQ Trade
55:00 Dealing with Gap Ups
57:00 Nio, The Stock Chart of 2020
58:09 NIO current chart
59:00 Leading Stock in a Leading group, 50 Day average
1:00:58 Matt’s Chart Layout, moving averages, Bollinger bands
1:03:33 Wedge Setup
1:05:58 Best performer of 2020
1:07:24 Reading Market Environments
1:12:45 ZM Chart
1:13:30 RH Chart
1:14:40 Dealing with stops on gap downs
1:16:00 Dealing with emotions
1:17:30 PTON Chart
1:19:05 Position versus Swing Trading
1:20:00 Going through Charts
1:21:22 Advice for new traders

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Music from Absent Mind: https://soundcloud.com/absentinlife
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything

What's Swing Trading

What’s Swing Trading, How to Swing Trade & Manage Risk | Interview with Veteran Trader Matt Petrallia.

Utilizing The Finest Forex Chart Indicator To Your Advantage

It is one of the most traded market on the planet with about $3 trillion being traded every day. It is among the simplest tools used in TA. Likewise trade on the period where significant markets are open.

How to Swing Trade & Manage Risk | Interview with Veteran Trader Matt Petrallia, Search trending reviews related to What’s Swing Trading.

Forex Trading Strategy – A Simple System For Triple Digit Gains

You’ll observe that when a stock price strikes the lower Bollinger Band, it usually tends to rise once again. This can reveal a trader about where to get in and about where to get out. Usage another sign to verify your conclusions.

Although forex trading isn’t an intricate procedure procedurally, there are things you need to find out about the marketplace to prevent making economically unpleasant errors. Never enter the forex trading market up until you are armed with knowledge of the marketplace, how it acts and why the pros trade the method they do. This preparation might imply the difference in between fantastic earnings and great loss.

Forex is an acronym of forex and it is a 24hr market that opens from Sunday evening to Friday evening. It is the many traded market in the world with about $3 trillion being traded every day. With this arrangement, you can trade by yourself schedule and make use of cost Stochastic Trading fluctuations in the market.

You need less discipline than pattern following, because you do not have to hold positions for weeks on end which can be hard. Rather, your losses and profits come rapidly and you get a lot of action.

Lots of signs are available in order to determine Stochastic Trading the patterns of the marketplace. The most effective indicator is the ‘moving average’. 2 moving typical indicators should be used one quick and another sluggish. Traders wait till the quick one crosses over or listed below the slower one. This system is also known as the “moving typical crossover” system.

You can spend around 30 minutes a day, trading in this manner with your forex Stochastic Trading technique and then go and do something else. You only require to check the prices one or two times a day which’s it.

When a price is increasing strongly. momentum will be rising. What you require to try to find is a divergence of momentum from rate i.e. costs continue to rise while momentum is denying. This is called divergence and trading it, is one of the finest currency trading methods of all, as it’s cautioning you the pattern is about to reverse and rates will fall.

Is it actually that easy? We believe so. We were right last week on all our trades, (and we did even better in energies examine out our reports) obviously we could have been incorrect, but our entries were timed well and had close stops for danger control.

Now I’m not going to get into the details as to why cycles exist and how they are related to rate action. There are numerous phony breakouts though and thus you want to trade breakouts on the current trend.

If you are looking rare and exciting videos related to What’s Swing Trading, and Forex Day, Forex Professional System Trading, Stochastic Line, Forex Trading Platform you should list your email address in email subscription DB for free.

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