duriocell
"Money wave > 50 short term traders: if it closes below where you bought it, GET OUT!"

using HPE as example, i believe you means market close. however, i noticed you have also move stop loss to purchase price, so shouldn't the trade be stopped out at purchase price instead?

HPE$21.73$21.7321.63Sold at $21.63.Stopped out on Close.

appreciate your thoughts on how you handle this situation. Thank You!
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AbovetheGreenLine
The Rule is to make sure that it CLOSES below your purchase price, to avoid Intra-day whipsaws...

Usually the ones that pop well,  move up so fast that you can hardly catch then. If the Money Wave is already > 50 and you are not making a PROFIT, SOMETHING IS WRONG.

EXIT.  The Investment might need to go lower first... There will always be plenty more BUY Signals.

It's like surfing... don't stay with every Wave... get the GOOD ONES, and BAIL if yours is a dud... and get the next one!
Good trading, and tell your friends!
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duriocell
Thank You for your clarifications!
I was just confused with the Stop loss as usually will be first to stopped out
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AbovetheGreenLine
Real Time Chart Link

Please reply below if you have any questions
Good trading, and tell your friends!
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