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:
What was that!?!
Some sort of xtian convention with a famous preacher. Crazy huh?
I think i'll take our unique but meaningful over that any day!!
Me too!
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