Do you still avoid waiting for a close below the 9 EMA before selling?

Yes. Most of the time I'll not wait for the close below the 9 EMA because many current huge movers move very quickly and become too extended from it. In an extreme example, waiting for the close below the 9 EMA could mean giving back a 20% pullback. I'd rather sell into strength and try to re-enter after another breakout than sit through that pullback, especially when trading on margin with many positions and a lot of long exposure. When the market corrects, most positions can correct together and create a larger-than-expected drawdown. Holding to the close is also valid; this is simply my approach.

Source: Too early to short | 1 Jun 2026