A pullback stock trading strategy with a 88.89% winning rate is discussed. The strategy involves identifying fear in the market and entering on a pullback. The S&P 500 market is used and the 10-period RSI is used to define the entry and exit. Examples and performance metrics are provided.
The 88.89 Winning Rate Trading Strategy: An Overview
Introduction: Who is Larry Connors?
The Core Idea: Pullback Stock Trading Strategy
The Reason Behind the Long-Term Uptrend in Stock Markets
The Series of Higher Highs and Higher Lows: Trading Opportunities
The Trading Rules for the S&P 500 Market
Defining the Trend: Above the 200-Day Moving Average
Defining the Depth of the Pullback: The 10 Period RSI
Entry Point: Using a Market Order
Exit Strategy: The 10 Period RSI and the Time Stop
Examples of Trading Setup and Exit Strategy
The Overall Matrix of the Trading Strategy Performance
The Pros and Cons of the 88.89 Winning Rate Trading Strategy