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Playing & Trading Strategy

Ok, here's what I have to say about it...

Posted by: accountant_4_Jesus (a.k.a ) on Aug 24, 05:53 in response to slappydavid's post It's not like I'm going to do it, but I would definately...

A lot of the time (but not always) playing reset simply means buying something that went down the previous day, or shorting something that went up the previous day. Everyone scrambles to do that at reset because that's when you make the most profit on it during the day. But 90% of the ones that moved at reset yesterday I already held the way they moved, so that's why my port was up so much in such a short time. Playing reset (like every investment on here) is a bit of a gamble, you don't get involved if you're not willing to lose some money and learn a few things. But even if you can't actually stay up and play reset, you can still "play" it, if you know what I mean. Look at the stocks that moved the most during the day, and as late as you possibly can before heading to bed on that day, reverse them. For instance, a few days ago KKID2 went up a lot in one day, and the next plummeted. If you can observe the trends of the movies that are going up or down, you can position yourself to benefit from reset trading, rather than having your port hammered by it each day. Just experiment, learn the ropes a bit by trial and error. I had a few disastrous starts to it but I stuck with it, and now it's really helping my port to gain a lot. One thing I would say, though... I had to get over the attachment to securities with release dates. Most of the time I prefer to keep those because of their long-term gains available, but with reset trading, if you play them correctly, you probably make more in a few days on them than you would from holding them from now until OW adjust. Oh, another thing. Because some stocks are so pricey, I set myself a limit of how much per stock I was willing to reset trade with, because there were a few times that I was reversing LONER & SMRF2 etc, and the commission was really eating away at my profits. So if you're going to get into it, I'd suggest that you take a similar approach and set yourself a limit (eg. "I won't trade it if it's over $X per share", etc).





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