Can One Really Make A Living As A Daytrader???? I'm Gonna Find Out! I'm The Boss Of Me!
Friday, September 19, 2008
Important Post from Rafi.........
Rafi over at Life in Israel has taken the time out to write and send a letter to the JP regarding Dr. Twerski's resignation from Dov Hikind's task force on sexual abuse in our schools.
Please read his post and consider sending a letter of your own!
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.
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