Conversation

What the system does is it takes all the guesswork out of the equation. A break Below the 50 sma bearish. Break Above the 50 sma Bullish trade. The only question is when to cash in as many trades don't last long because of the extreme volatility.

Quote Tweet

Trader Brian Jones

@MasterBJones

Jun 2

I follow the system so I wasn't bullish early today until things changed and the s&p broke over the 50 sma at 4109. Every time the s&p has broken above the 50 sma and given a buy signal it's supplied another winning trade. twitter.com/MasterBJones/s…

6:50 PM · Jun 2, 2022Twitter Web App

Replying to

I’m not gonna lie. I leave money on the table everyday. But I’m ok with that. I take 20-60% daily. Max loss 10-15% Days like today a 100% move should have been simple to make.

Replying to

and

Left 80% on the table today when my TQQQ contract retraced and hit my stop loss but that keeps me in check because I also could have lost 80% if I hadn’t have had a stop loss when I looked to push on the short trend early this morning. Once it broke my stop hit and swung opposite

Replying to

With the right in the money contracts on $QQQ a $10 move higher could have been $1000 per contract.

Replying to

Do you have a strategy when the market goes below? The system had a 10/50 cross and a price over the 50. Do you just stay in cash during that?

Replying to

I, to be honest, wish I had done the same with a break over the 50 sma as opposed to waiting for the cross because now it is at some pretty heavy resistance, maybe a pullback to buy is better?