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.


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