JohnCM Investment Corner

[JohnCM]

I don't know what has taken me so long, but I need to inject a little discipline into my trading model.

Every morning and that usually means around 5:00 am PST, I need to review the chart of every single one of my stock positions.

IF the chart is currently showing RSI(14) 80 or higher, I need to trade around my position. It does not have to be a set percentage. It can be any number as long as it is done!

I currently have 7,500 shares of Harvest Health. Looking at the chart, the second and third week of January, and the second week of February probably had days of RSI(14) 80 or higher.

I would take, say 1,500 shares and sell. And then look for a reentry point (under RSI(14) 70). Only this time, I would either pick up more shares or pocket some cash and replace the same number that I sold.

Tuesday morning, as an exercise, I am going to share the numbers before markets open 6:30 am PST.

JohnCM