Mar. 30 at 4:15 PM
$PATH How to use momentum as a guide, IMO. On 1/6, this looked like it was moving into positive momentum, so I took a position. One way to track positive momentum is when the 5-day EMA (green line) crosses above the 10-day SMA (yellow line). Unfortunately, I didn't wait for a confirmation, and it quickly turned into negative momentum and I lost money. I should have had a stop loss. The first green arrow is when the opposite of the above happened and it flowed into negative momentum. Now, if you follow the green line, and it is under the yellow line, negative momentum, and a downtrend will happen. The next two arrows show where it went positive and then negative. Trading into negative momentum is much riskier than trading into positive momentum, IMO.