AGG, EWT

AGG moved higher yesterday. We will wait for our exit signals to trigger.

EWT moved lower yesterday, but only by a penny. Per the direction of High Probability ETF Trading, you should have taken your second long position.

But since the price of EWT declined only by a penny, on future stock trades, I think I might modify the rules by buying additional positions only on a price decline (or increase on a short sale) of x % (add your own criteria, here). For me, that might be 2.5%. Of course, I would miss the additional profits should the etf move higher today or tomorrow. Conversely, my limited investment is protected should the etf move lower over the next several days – and I would be able to buy-in at even lower prices.

Let me know your thoughts…

These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

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