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:
Best of luck with this new strategy!
thanks! how have you guys been doing?
RM is taking a break from trading and studying about eMinis.
Me, I'm just hangin' in there.
very nice! wishing both of you tons of luck!
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