The US market rallied back up to record highs yesterday.
This is where a longer term or mid term trading system will serve you well.
If you were doing shorter term trading in this market, you would likely get caught trading the small moves.
Once price gapped up on monday, and rallied to the highs again, you would be stuck with bad positions if you were trying to pick a top in this market.
Another event of note for technology fans, Apple releases the new iPhone today!
It’s either the iPhone 8 or iPhone X.
Does the company stock jump every time they release a new iPhone?
Does it really matter?
NO.
Using TradersGPS position trading system, we’re riding the big trends instead of nitpicking over the small speculative moves in the markets.
STI still looking heavy, but we’re getting some reaction from the 3220.
It’s holding STI up for now.
There’s a chance it will trigger the trailing stop exit soon.
Be patient and follow system.
Volatile movements.
We have already taken partial profits, so we can accept the volatility.
Sit tight and be patient.
Doing a bit of a pause.
Be patient and follow system.
Still hasn’t triggered an entry yet.
Be patient and follow system.
Just to show you guys what the TradersGPS thinks of Apple so far this year.
Reduce the stress of making numerous trading decisions, adopt systematic trading.
The post 12th Sept STI Market Update: Apple Releases The iPhone X TONIGHT! appeared first on The Systematic Trader | Trading Courses | Collin Seow.
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