Q&A by Don Bright
Iíve been trading for about a year. Iíve
started using a combination of gray
boxes, which keeps me focused and disciplined.
My entries have been consistently
profitable and timed well, but my
exits have not been because I always
sell too early. My most profitable system
has been to pick the strongest 30
stocks every day, and by strong I mean
what doesnít go down when the market
is going down ó my gray box then buys
them after 2:00 pm Eastern time on a
moving average convergence/divergence
(MACD) crossover with a
midrange relative strength index (RSI).
Right now, my exits have been when the
MACD crosses back down, but itís not
great and I know thereís better. What do
you look at to exit long positions on
strong stocks? Whatís the best way to
use stops? ó Joseph Klar
Your entry time is generally a good
one, after the lunch hour(s) in New York.
Iím going to assume youíre daytrading
and not keeping positions overnight.