Stopped out at DJI 10,865. Re-entered with stop just beyond the high. The expanded range is due to the still-high volatility.
I am trying to maintain a longer-term stock position. This is difficult for me as I like to follow only the short-term I1, but it is an act of discipline. It serves two purposes:
First, the longer-term trade rules are designed for people who want to follow larger trends and have tolerance for counter-trend rallies that go against their position.
Second, it enables us collectively to keep a position in extraordinary declines like last Thursday. By having a longer-term position I can change my focus away from trying to find an entry point in the midst of a crash. I will already be in.
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