Can One Really Make A Living As A Daytrader???? I'm Gonna Find Out! I'm The Boss Of Me!
Wednesday, December 26, 2007
Slow Earnings........
As is typical of this time of year, from now til the end of the year is slow for earnings. There are a few things that may looking interesting coming up, but I'm not neglecting the blog - there just isnt anything to play.
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.
1 comment:
take advantage and take a vacation..
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