Actually very difficult to comment on any strategy without knowing the details. Using a single dma, that too a 200 dma may not be a very good idea. Of course a lot would depend on the time frame for your strategy. But in general 200 dma is far too long for meaningful exits for a momentum portfolio. If you are picking momentum stocks, it can get 50-100% above the 200dma and if you are waiting till that point to exit, it means in a bad market you will give back most or all of your gains or worst case even make losses.
I can’t think of any immediate book which deals with this topic but you should definitely try out other mechanisms of trend identification.
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