09/03 – ETF Trading – IWM, TWM

The market continued higher yesterday and so did IWM. You took your first short position in the etf trade. For the leveraged trade, you took your first long position in TWM. Updated charts are posted below.

As mentioned yesterday, we’ll scale in with up to three 3 positions. So, take a second short trading position should IWM close higher today. Otherwise, our exit signals for IWM are triggered when the etf price is less than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. Trade TWM on the signals for IWM.

All trades are at the market close. Please trade responsibly.

Join me every day as I offer new etf trading ideas for you to follow. Have a great and safe holiday weekend!

Updated charts:

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