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Actually, there are a number of ways in which this simple concept can
be immeasurably improved.
1. Instead of exiting at 1 day, make that into a variable, and optimize.
(Also, if you go beyond, say 5 days, don't forget to put on a "profit
taker" stop - at say, 5%.
2. Instead of using "5" as the entry level, optimize - you might be
surprised!
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