@MattyMoney , I’m not sure if this helps but this is what I do. Part of my process is multi-level trend analysis. I’ll state again that 99.9% of time is spent on analysis, very little on actually “trading”, i.e. entering / exiting positions. I can’t say how invaluable this has been for me. Knowing where the dominant trend is lets me know where I can safely add to a winning position.
Here’s an example of a silver trade. This is from a paper trading account that I use to experiment with and sharpen entry / exit timing. You can see where I highlighted scaling in (July 25 & Aug 6) to the initial position on an intermediate term dip (yellow moving average). As the trend started to turn the market gave me an opportunity to add to the position on Sept 3 and again on Oct 9.
One thing to keep in mind is that I’m specifically trading the intermediate term trends in this paper account, my real portfolio trades the much longer secular term cycles. Intermediate trends can last for months and usually give you about 1-2 fantastic opportunities per year. The chart shows the 2nd best opportunity of the year in silver which I anticipate will make a head turning run over the next weeks & months. BTW, the best 2024 intermediate opportunity was in Feb/Mar. The better even longer term opportunities were in 2023 and the ultimate secular term opportunity was in March 2020 with the first dip in Oct 2022. My opinion, of course.
Here is also a screenshot of the “paper portfolio” that I started in July earlier this year. Yes, I paper trade to experiment with ideas and sharpen my timing. There’s currently 24 positions open in the paper portfolio, I figure 40 is the maximum I can handle so there are still 16 positions left to fill. I am constantly on the lookout for the best opportunities. Once there are 40 open positions, a position stays open (to let profits run) until it reaches the end of the trend or until a better opportunity comes along to replace the worst performing position. Please ignore the position sizing as it doesn’t accurately reflect the balance, as I said it’s more for experimenting and practicing to sharpen my timing.
And for full transparency here is a screenshot of the trades that didn’t work out and I closed them when the markets started moving against my position.
Hopefully this gives you some ideas of your own to experiment with.