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.
3 comments:
Good luck!
I've started having you in mind when saying Poteach Et Yadecha... Good luck, and have me & the Mrs in mind too!
MK - ty!
LFD - Wow - what a nice thing to do! Thanks! Will do!
:-)
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