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How My Friend’s Moving Average Slope Hustle Made Him Rich
I’ve got this buddy who struck it rich using a trading trick called the moving average slope method, and honestly, it’s reshaped how I see the markets. It’s not your typical buy-low-sell-high gig — this one’s all about riding the wave of a trend by tracking how steep or flat a moving average gets. Let me break it down from my perspective, inspired by his wild success.
So, I’m looking at a moving average — could be a simple one (SMA) or an exponential one (EMA), it doesn’t matter much which flavor I pick. My friend swore by the 50-day SMA, and I’ve been hooked on it too. The magic’s in the slope: I figure out how fast that line’s climbing or dropping. I take today’s value, subtract what it was, say, five days back, divide by five, and boom — there’s my slope. If it’s pointing up, the market’s on a bull run. If it’s diving, bears are in charge. Flat? It’s just chilling, going nowhere fast.
My friend taught me that real juice is in the momentum. When that slope shoots up sharp, it’s like the market’s shouting, “Buy me!” — prices are surging, and he’d jump in, raking in profits as the trend powered on. A steep drop? He’d sell or even short it, cashing in on the downfall. And when it leveled off, he’d sit tight, dodging the choppy mess of a sideways market. That’s how he turned a modest stake into a fortune — catching the big…
