I agree with everything you have said Lake and that is why my position is very small. This is a terrible market. Do not think I am anywhere close to an Expert on IBD. But here is what I am playing on that they said. You have to test the market but test it on small positions. Check.
I went in with 2.5%. Bounces off the 50sma is a point to take a trial position with your stop under the 50 sma. Check.
Now I tried this with PLTR and you saw that I was stopped out. You have to have a place to put your stop that makes sense. Whether it be by the 200sma or 50sma or some other point that makes sense to you. So, My thing is I do not mind being wrong, but if I am I want to lose small. The idea is to not let yourself be to scared to play. So since I have been losing a lot lately I have been taking smaller positions but I still want to stay in the game and still trying. Does any of that make sense?