A strong down day and the Trend Advantage System signal is now a SELL.
The rules for the morning are to sell your longs and by inverse ETFs if he market continues down by 10:15am. You have the chance that the markets bounces back up and give it a bit of time to determine but use your judgement as to the timing if you don't want the poor pricing at the open that often happens.
Did you remember to capture at lest half of your gains with automatic stops. Does your online account have that? It should and take advantage of that. Example if the high for an ETF is plus $3.00 then set the stop at cost price plus $1.50. Simple but you must check every day to see if the most recent high has been set higher. The high to use the highest intraday high since position taken.
Like most people I work a full time job and had no time to check the market today. If I had I would have sold my longs by 3:50pm and purchased inverse ETFs.
TWM, PSQ, SH
Happy Trading
The Trend Advantage
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