On excellent trading days like we are seeing today, this strategy works very well.
Just don't out think yourself...
V new highs entry
V shows red candle, momo stalled , exit
CLF new lows entry
CLF cover momo stopped
APOL new lows entry
APOL cover on the first real green candle
2 comments:
Thanks for posting these Scott, and for the commentary.
Curious about the APOL exit - when you start looking for an exit on that kind of a momo run, are you closing pretty fast, do you close with a limit? On bid? Below bid?
dtf-i usually do market orders on .01 spread stocks.i just want to exit and either change direction in it or go into something else
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