We now have on 9 swing trades. All shorts and with 4 trades on Tues and 5 today.
Since it may be hectic at the end of the day and perhaps tomorrow morning I will post the exit strategy on these trades.
For all 9 trades if the RSI(2) is looks like it will close under 70 at the end of the day I will exit those trades.
The RSI(2) rule applies each trading day.
If the RSI(2) rule does not trigger…then for trades put on Tues I will exit on the open tomorrow if I have a gain in the stock. For trades put on today I will exit on Friday if I have a gain on the open.
I hope this is clear …if anyone has any questions just drop me message. I will be around into the close today.
I might add bbby has an RSI(2) reading of under 70 right now. But there is 2 hours left in the trading day.