Can One Really Make A Living As A Daytrader???? I'm Gonna Find Out! I'm The Boss Of Me!
Sunday, December 21, 2008
My Friday Non-Pick
I havent been trading on Friday since Shabbos starts so early, but here's what I would have picked..........
A Short of CTAS
:-)
2 comments:
Anonymous
said...
I was reading an article by some trader guru who was advising not to trade on earnings news. She based this on the "Buy on the rumor, sell on the news" adage. The idea being that the market has already priced in the earnings news prior to the announcement. Not sure, but this sounds sort of in line with your strategy.
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.
2 comments:
I was reading an article by some trader guru who was advising not to trade on earnings news. She based this on the "Buy on the rumor, sell on the news" adage. The idea being that the market has already priced in the earnings news prior to the announcement. Not sure, but this sounds sort of in line with your strategy.
Just my two cents.
yes - something like that....i dont mind trading on the leftovers, as long as i get it soon enuf to have something left!
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