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Re: Bacon-eggs post# 250

Sunday, 07/19/2009 11:14:24 AM

Sunday, July 19, 2009 11:14:24 AM

Post# of 1298
I was typing on my laptop for that email and misspelled RSI. Sorry for that.

And you are correct, they never mention shorting when a stock or etf is above the 200 day. However, I do it all the time and the rules still work very well. You just have to do the scale in approach rather than the normal 1/2 size entry and double down like normal.

They call it the '1,2,3,4' entry.

10%, then 20%, then 30%, then final 40% of total position entry as it keeps moving away from you.

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