ETF SWING & DAY TRADING

[blasher]

BUT, using that 1-day logic ...

after 1 up day, the market should go higher forever ... LOL
( since after an up day it goes up )

i.e. if you go long after one up day and your day ends higher, do you hold overnight since you should be buying the next day anyway ??

OR . do you close your position every day ?? (daytrading rules apply ??)

I think more detailed rules are necessary for all combinations and for holding overnight.

These combinations should do it:

 
 YESTERDAY     TODAY     WhatToDo 
 UP             DOWN 
 UP             UP 
 DOWN           DOWN 
 DOWN           UP