What is a trend in trading?
A trading strategy that attempts to capture gains through the analysis of an asset's momentum in a particular direction. The trend trader enters into a long position when a stock is trending upward (successively higher highs).
I am starting a long term portfolio utilizing 3x index funds that mirror the Nasdaq and Russell.
I will be going both long and short on my trades. I am looking to ride the trend for 1-3 months or longer while reducing my risk and increasing my wealth.
I plan on pyramiding my position size by scaling into my trades once they are profitable. Usually after one week I will add only if I am showing a profit. Never average down and will use a stop loss of 18%.
I will be locking in half of my position once I feel the trend starts to slow.
I will be using TQQQ, TNA for long and SQQQ, TZA for shorting the indexes.
I am starting with $100,000 USD working capital.
Would you mind sharing some of your chart settings and/or scanners as a thinkshare link? It would be extremely helpful and would greatly appreciate it. All the best Nate
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