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If the level has not yet been touched, it's more likely to hold.

Using the S&P500 universe, buy at the close when RSI2<7. Sell at the close when RSI2>73 or after 10 days. Going back to 1996, you would have a 7,462% return on your money with a CAGR of just under 20%.

I like to check the overall market conditions and the sector ETF of whatever stock I'm trading. If both are strong I'll get aggressive. If both are weak I scalp out of most of my position.

My first entry is usually a limit order that gets hit. Once in, if it's followed by a strong confirmation candle, I'll enter the rest of my position here or on a breakout of the candle. Stop loss usually goes below the low of the candle. If I get a confirmation candle but it isn't "strong"...

How about exiting the trade when a 2:1 PT is hit OR the MA's cross under, whichever happens first?

As some have mentioned, trading an inverse etf is an option. Other than that, just trading half size on days the market is down should help.

That was a typo on my part. I meant to type $36.93 which was the high that occurred on 01/14.

Sure, after the fact you can say that. You really need a bull market for these MA crossover strategies to work otherwise you get chopped up like you are now. BTW, did you follow my advice from a couple posts above? On Feb 24th it gave you that hammer candle below support and then shot up and...

Your strategy didn't work here because after the run up to $39.93 it pulled back into a range and is consolidating. In a range, you look to fade not buy breakouts (unless it's a clear breakout over the top of the range.) If I were to play this, I would wait for it to dip below recent support at...