While the GMI remains in a sell mode, the QQQ short term trend turned up. Tuesday was the first day of the new up-trend. I will become more confident of the new trend if it reaches day 5. Until then, I am buying a little TQQQ. If it reaches day 5, I will double my position. But I will feel much more confident in the up-trend if the GMI can rise above 3.
Do you place a stop on these starter positions, or base it on the GMI?
Can be either, depending on conditions.