New tight trading Strategy

I may start buying my old momentum names on or near the 50 Dma touches, esp if it’s the first time. I’ll keep the stop super tight – few ticks under the line.

Update: leading stocks like MXL and NEFF have bounced strongly off major moving band areas to the tune of 8%+. Start buying big on these touches with tighter stops, especially if the market closes strongly (Friday)

I also plan to sell any violation of the 10 Dma after a move. Do this until the market feels comfortable enough to hold with less strict sell rules.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s