So between all the RESHET stuff, a completely off-her-rocker business "partner", and various other things, I haven't had much time to post. But I'm back with a long strategy and ready to rock!
Here's why the long strategy now:
In the past, my short strategy has largely identified a downward trend in a stock. In other words, the point at which I shorted a pick was the pivotal point at which the stock would continue to drop. Those days have been over for a few weeks. Yes, I see results from most of the short strategy picks I have been following for the past few weeks, but most of them have turned quickly, and are off of those price drops by quite a bit.
This to me indicates a turn around in the strategy....I wont comment on the market as a whole.
Having said that, here are short and long strategy picks:
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.