2) When we got the first bounce. The S&P was still above the 50 sma.
When it broke below I made the mistake of not selling or going short.
Because every time the S&P breaks below the 50 sma it's a winning short move.
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The other day it broke below the 50 I went short since I got the sell signal ( I waited for it to go 10 points below 50 so I had confirmation) and the market went back up and gave another buy signal to go long . It’s been doing that a few times recently . Anyway to play it beter?
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Just started using 10/20/50/200 MA and learning. Would you still enter a short now that's it's pretty well below the 50 day MA or is that only a good indicator right after it breaks?
How about when it breaks the 200 day? Is that the next entry or do you buy now with tight SL?
