As far as the System Trade.
Buy signal on July 27th.
At that point it's just stay long and just buy the dips.
Got a dip below 4000. yesterday and another dip today.
Same thing for Monday.
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Bought call options on the dip today. Made 18%. Could have held and made more but like I’ve said in the past; nothing wrong with hitting singles. Hit a few singles in-a-row and the runs begin to tally.
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I own it, can't wait til Monday tiny float, high short interest it's trending so lots of buyers are taking a look at it.
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If have learned the system correctly, the chart looks very bearish coz of the distance between the 10 and 50 MAs, so I went short at the end of the day
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I am no expert on his system but it’s basically a trend following system (my favorite type) with a trend following system a stock can be extended, then dip a little and regain trend depends on your time frame. Could be a day, swing, or position trade.
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