Exiting All Longs on SP 500 Trend Following Signal $SPY
One of my major trend following signals is to exit all longs when the 10 EXMA crosses the 30 EXMA. That has occurred! I only had one share left. My trailing stops exited all my other positions over the last several weeks. Trading in this fashion prevents potential scenarios such as 2008 and all other bear markets. Maybe the markets will bounce. If so I will look to find the strongest stocks. In the meantime I am on the sidelines waiting for the next opportunity. This is what discipline and patience is..
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