8-9 tsp posting.jpg
Holding my position. Expecting a little bounce back downwards after the 13,250 mark, will be interesting to see if it's the start of a cup & handle Going camping over the weekend, so see you guys next week!
As I said in an earlier post, my system would have triggered a buy on July 26.
My strategy for trading the DOW is quite simple. Probably too simplistic for a lot of traders here, but I try to go with an effective, stress free approach as possible.
1. price crosses the 20/50 day SMA
2. momentum shift from negative to positive
3. Confirm there are no imminent reversal patterns
Might seem a bit consertavite, and my approach to individual stocks is a little more aggressive than my TSP strategy, mainly because stock market trading allows for certain things like stop/limit orders and not limiting you to 2 trades a month / IFT delay
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