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Trader Brian Jones
@MasterBJones
You can always make some quick money off a bounce from a big drop. But system says you can't buy and hold unless the s&p goes over the 50 sma and that could be days? Because we aren't even close to the 50 sma anymore.
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Trader Brian Jones
@MasterBJones
So when does the market turn bullish again? Other than a short term bounce? The System says It's only buy and hold again if the s&p makes a strong move over the 50 sma which is at around 3850 right now and headed downward.
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Peter
@twittvito
Replying to
@MasterBJones
Thank your for the system! My trades are more consistent now! I took profit this morning n I am expecting the price to move back closer to the sma 10 like it did yesterday. Would it be better to play the bounce to sma 10 or reissue my short position when it reaches the sma 10?
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Mac48
@marioc48
Replying to
@MasterBJones
Only regret I have is being limited to PDT rules. Limits number of trades I can make. This week is great! Happy for those who can make unlimited trades. Keep banking
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