Kardec Trader interviews FOR RETRACE about a trading strategy that generated $500k. The trader emphasizes the importance of having a playbook and specific criteria for entering trades.
Oh my gosh. Adding a playbook, adding entry criteria, adding confirmation changed everything about my trading. And I never had that. I will never mention anything about a playbook or an A plus setup or anything like that. And it was.
Today we have a very special guest, I would say the Trendline master, world renowned within the trading community, closing in on almost half a million dollars in profits verified with broker statements. One of the most transparent traders I know is the one and only for retrace.
Which blows my mind when some people tell me that they're switching time frames and they want success in a few weeks. It took me a year to master swing trading. And I feel like swing trading is not for the faint of heart. Like you have to wait for so much time to go by, you don't even get the reps in. You can't get the reps in because there's, there's moments where I can't. You'd think it's so much more obvious. You're like, okay, the price broke a trend line, get in. But there's so much more that has to be met. I have to have a point A, a point B for the opposing trend line. And now I have a line that's keeping me safe. But now guess what? On this set, it's only two touch points. There has to be so much criteria met. So like this is a scenario where it wouldn't even be an A plus setup. So when I am marking up charts, I do a top down analysis and I am essentially trying to create like a fan of trend lines. So one rule that I have is as I rotate my lines, as I adjust my lines, as I find new highs or new lows, I'm just trying to figure out which one is it going to actually respect. So right now, if I was to trade this right here, let's say that I wasn't in a trade right now, I would have to wait for price. This is where I've got alerts on either one. Then I'd set the alerts and close the screen. I'm done.
