What defines a profitable and accurate swing trading system?
These are the characteristics of high probability swing trading strategies and low probability strategies.
High Probability Swing Trading Strategies Characteristics:
1. Entry in the direction of the trend.
2. Entry at good levels before beginners buy (buying low and selling higher).
3. Simple entry, stop loss, and take profit rules.
Low Probability Swing Trading Strategies Characteristics:
1. Entry against the trend (contrarian strategies).
2. Entry after everyone else already bought (buying too high and ends up selling lower).
3. Complex entry, stop loss, and take profit rules so you have no idea how to manage your trade.