Solid follow through, breadth has improved, a lot of breakouts this week, but I would be curious how we'll behave as we get closer to the 50dma on the indexes.
Until my market timing model shows a buy signal, I'm not gonna get aggressive, I'm still 50% invested and looking to take profits into strength, rather than entering new positions.
I'm still relatively flat for the last 2 months in my equity curve.
One thing I really need to improve is my risk management, especially around EPs. I need to reduce outsized losses (1% of my account) of which I had even 2 this month so far. And in general I am not that good with EPs, I need to study them closer.
Until my market timing model shows a buy signal, I'm not gonna get aggressive, I'm still 50% invested and looking to take profits into strength, rather than entering new positions.
I'm still relatively flat for the last 2 months in my equity curve.
One thing I really need to improve is my risk management, especially around EPs. I need to reduce outsized losses (1% of my account) of which I had even 2 this month so far. And in general I am not that good with EPs, I need to study them closer.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.