Switched from daytrading after 4.5 years - what I’m currently in- my plan

8.5 years total in trading. Back to swing trading after years of daytrading.

Stocks I’m currently in:

ULCC - frontier airlines. I like them after spirit went bankrupt (RIP🕊️🥀). It’s a financially conservative company.

IART - integra life sciences. Thesis is it is beat down too much. Monthly chart looks brutal but I think it’ll start turning around. This whole sector is beat down lately but this company is a good one!

I will be soon going to cash only if this market continues down. I take great inspiration from what the broader market is doing and will probably be sitting out a majority of the time!

My plan essentially is this:
**Trading Plan for Tech/Long Only – 1-month - 1-day chart swing trading**
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**Concept**
• We are buying individual stock strength or leveraged ETFs when the broader market conditions are favorable
 
**1-day Chart Broader Tech Market (Nasdaq/QQQ) Requirements**
• At or above the 20-SMA
• Always above prior month low or prior-prior month low
 
*1-day Chart Broader Tech Market (Nasdaq/QQQ) like to see*
• If coming out of down trend – a close above the PMH is a good sign.
 
**Individual stock requirements (when not just trading the market)**
• Appears on scanner (see scanner page below)
• Fits set up from “pattern recognition” folder
• Above 10 EMA, 20 and 200 SMA
• Above/at PMH
• Above prior week high (ideally it breaks through both)
 
*Individual stock like to see*
• Like to see above a 6 ADR. Minimum 4. Only trade names you know between 4-6 ADR.
• Holding above the 9-ema and/or 20-sma for an extended period. Not required though, as some great moves don’t have this.
• 200 SMA having a flat or upward curve. If broader markets bearish though this may not happen.
 
**Position management**
• It may stay flat for a while or ideally it will JUST GO. Once it starts going…
• Pyramid / slide up stop loss after BOUNCES off the 10 EMA and Gann Counting ABCs. Best if both of these coincide. Once you see it starting to go up after bearish move into 10- ADD and slide up stop.
• Entry signals along the way are great spots to pyramid in and slide up SL.
 
**Goal / Take Profit**
• Looking for security to 2x to 2.5x in price from initial entry point. Take profit once it has.
 
**Other Rules / Expectations**
• Trade only after 130pm EST. Take a 30-min lunch break or something.