It is your strategy, and I can copy the first comment :
I'm too lazy to search for the thread, but ~4 months ago there was a similar thread.
I made a backtest and posted the result.
The result was, that such a strategy might be profitable in bull markets, but not better than buy and hold.
And in bear markets your are loosing very much.
Tell me if I am wrong, I am new in trading and I am still learning so this is what I learned, now we are in bear market, and this strategy means that you can lose more
then you can win, legendary member Serpens66 tested it and this are his conclusions.
I do not have nothing against your strategy, but for me as a newbie in trading I do not understand how it works and I trust people who tested it and made their
impressions about it. Day trading is extremely risking and my trading style is buying and holding for now.
if I prefer long term. because I think in terms of risk may be much smaller although maybe the results are not great. basically I tend to prefer to play safe
We posted a comment almost in the same time, I wish to agree with you and that`s why I quoted you. I also tend to play safe and long term holding is safer than trying
some daily trading strategy without previous experience in trading.