GLAD finally sunk in last night. I knew there was a process but I could not grasp. I now feel somewhat liberated. I haves moved out of Mutual Funds to a 75% Preferred 25% REIT trading. I will move closer to 50/50 as Preferred are called. I think I can trade AGNC and KMP with the same Capital and I need something to work with MTGE and I will be set. Now
I keep my REIT on top of iPhone to catch SPO and go about my daily business with out being tethered to a PC.
Ok. The reason for my question/confusion are a couple of your previous statements, “by going Long the shares for a one day hold when the following criteria are met”, and “Exit the trade with your profit/loss on the close of the following trading day from entry.”
In any case, is the following any more correct?
1) Using criteria, compare today’s H,L, and approaching Close with yesterdays H,L, actual Close
2) If criteria are met then execute additional 3% Buy at today’s approaching Close
3) Then Exit all holdings on EX-1 approaching Close