No. of Recommendations: 2
Hi Russ,

Go long young man, go long...

HEH!!!! THANK YOU for calling me "Young"!!!

Nice plan, I say that becasue I like it a lot! (except for the profit stop)

Profit stop is very timely only, and once (if/when)we're filled, it has a timeclock on it. A gradual rally will have me resetting the profit-stop continually stretching higher, as a trailing stop follows underneath.

The reason for the profit stop is to "catch" the explosive headfakes & blow-out rallies that end up snapping back to re-establish the stable trend.

I love catching stable trends...
I love even more being take out at ridiculous "exuberance" prints only to watch a snap-back come back to near my entry (letting me re-set & catch again.)

In essence, I'm expecting a statistically relevant "mean channel" in any rally, and am very willing to pick off explosions above the channel and get back in when it snaps back to the mean.

Of course, ultimately, I let the market tell me what's really what.

Cheers,
Dave
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