Testing TradingMarket’s Rules #3&4: Don’t Fight the Long-Term Trend
07 Jan
Posted by admin as Economics, Fixed Income, Forex, Futures, Market News, Options, Stocks, Trading Ideas
Michael Stokes submits:
This is part three of this week’s series on TradingMarket.com’s ((TM)) 10 Trading Rules. In this post, I’ll look at TM’s third and fourth rules which could be summarized as: don’t fight the long-term trend.
TM advocates a long bias when a stock is trading above its 200-day moving average and a short bias when below. This blog is about trading indices (not stocks) so I’m going to focus on how the rule applies to we index traders.
In a nutshell, I agree with TM…and I disagree.
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