$MX Magna Semiconductor & SP 500 From a Trend Following Approach
I always look for breakouts when the market is healthy…However any trade is 50/50. I risk approx .5% of my account on any trade. Usually do not have more than 20 positions and I use position sizing on my trades.
I entered the breakout of $MX however yesterdays action was rather negative…as is the whole SP currently. We had cover articles on Barrons magazine…extreme low Vix reading…complete bullishness..as well as divergences on the MACD.
Past performance is not indicative of future performance