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.
4 comments:
take your time
mi culpa maybe?
Rafi - ty!
Anon - thanks for trying to keep me straight, but here's what wikipedia says:
Mea culpa is a Latin phrase that translates into English as "my fault", or "my own fault".
when u right..u right.. ;)
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