In any successful trading strategy there is always be a lot of nuance that arises from the trader who created it. Nuance is what is the result of gaining a experience. It is, therefore, unwise to approach any trading strategy believing you can quickly condense it into a single idea.
That being said,
All of my trading strategies rely on a broad market momentum backbone. From the smallest scalps to multi-day swings, I am always considerate of market momentum. I mind momentum similar to the way a rock climber monitors the weather – spoken or not I know what it is, always.
How do i measure momentum? I use only the most common McClellan Momentum numbers which uses the $ADD data feed published by the NYSE.
I am loss intolerant.
I prefer peace of mind to profits and profits to risk. I don’t hold losses and I like to take profits when they are present.