I've all but abandoned the daytrading for now to concentrate on the swing trades. Here's how it works:
I noticed that stocks that report worse than expected earnings AND have a price drop that day, seem to signal the start of a price downtrend. Therefore, at the close of the day that a stock reports worse than expected earnings AND the stock dropped, I short, and look for at least $0.50. Im also willing to wait for it a few days.
2 comments:
woohoo! I'm a two. What I like best about 4s is that 2s and 4s always seem to have very deep conversations!
my experience anyway.
Creative...
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