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Full Video "Winkler's March Recap & April Forecast | 2021"
>> https://youtu.be/4lCOf82LhUg
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March Recap
In last month's recap (February Recap) we talked a lot about profit margins and how basically any month or day over 50% is good. For March our day trading profit margin is at 45.69%, not too shaby. Definitely better than last months 26% profit margin.
Something I've noticed has been going down is my risk/reward ratio aka Avg Win and Avg Loss over eachother. Lately it's been in the negative. I'm going for the right setups. But I'm taking profits too quickly. Need to let the best setups run longer and keep closing the rests quick.
Here's what I got in mind to do that:
- Identifying the really good setups I beleive (knowing my trading style) is what would help me the most
- Reducing stress and impulsive decisions but removing P&L Open from Active Trader during Pre-Market sessions
April Forecast
Value plays such as SPAC's & EV's have been surpressed, could be a big bottom bounce in the next 4 weeks. I would def not bet against that. NFT have been hot but a few tickers are slowing down. We may see some really nice dead cat bounces or longer consolidation before further rallies in the weeks ahead. Would be worth accumulating some. Question is where. Swing portfolio fully allocated so I'd need to go long in day trading account. I'd consider it again as I have free cash available. I just really don't like mixing up swing and day trade portfolio.
Day/Swing Trading
Swing account still taking a big hit. I'm quite confident overall in my holdings but I do need to manage the account a bit more aggressive. If I'm up over 20% I need a really good reason to keep holding. Happens a LOT where I am up 20-30% sometimes even 50% and then I don't take profits. Holding then a negative trade when I could have closed and bought back. That's the point of swinging in the ROTH IRA account as there are no Taxes there.