Hopefully I will quote his rule correctly. I believe he exits via stop loss if the price falls below 98% of what he paid on a given trade. Then waits until the next signal in the opposite direction.
You CAN time the market!
But only after you trash the big 3 myths.
Myth 1 - its possible to get every point of every move ...Myth 2 - you'll never have a drawdown ......Myth 3 - you'll never have a loss