Trading in the Direction of the Major Trend

When I am considering taking a short position, I will only take a short position in a stock or EFT if the Major Trend system for that stock or EFT is on a 'sell' signal. Taking short positions in the direction of the major trend helps prevent 'whipsaw' trades when counter-trend rallies occur. Preventing whipsaw trades can increase profits, reduce losses and increase the percentage of winning trades.

May 2010

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