Using the NYSI to buy and hold a high dividend stock risk free — $PSEC— 5/15/2024, updated 5/23/2024

Michael Petryni
4 min readMay 16, 2024

THE NYMO/NYSI SWING TRADING STRATEGY

Kennedy Gammage, the late great market timer, used to say “Buy when the market tells you, sell when the stock tells you.”

With a wink of his eye what he didn’t say was most often the stocks tell you at the same time as the market, and except for rare exceptions, one might as well buy or sell at the same time.

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Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/subscribe