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I have had some success playing the reset, without actually playing the reset.

Posted by: Dales on Apr 21, 06:35 in response to Dave3626's post I wish I was up at 3am to play reset, but that's never...

I am a morning person, so being up at the reset normally just is not going to happen. But I have found that I can take advantage of reset trading anyway. Here is how it has worked for me.

When I wake up, I crank up the Moviestocks top gainers/losers page. I radar everything that has a 10% or greater change. Then I walk away for about an hour. Have some coffee, take a shower, get shot down by the mrs.

When I get back, I then look for things that have changed +/- 2% since radar-ing. If I am feeling cautious, I might wait until 3%. The PortMonkey recent price change graphs help identify if a trend has changed direction or not.

Then I either short if they are going down (more times than not) or long if increasing.

I then check back in a half an hour. Sometimes, I have to bail on something. But more times than not, the shorts yield back about 60% of the increase they had due to reset trading, and on the occasional Warcraft or Lobo, I get on plenty early for the continued ride.

The biggest risk so far using this is when riding a riser-- they may keep going like the aforementioned two, but more frequently they reverse suddenly and severely. So when I am long on several stocks picked by this method, I have to check back every half hour or so to make sure that I don't get burnt. When I am short everywhere, I can generally just let it ride and check back late afternoon to cover.

Trend the past month is stocks priced $2-$6 seeing BIG runs everyday. momentum858 Apr 20, 08:56

I wish I was up at 3am to play reset, but that's never going to happen. I've made peace with it. {nm} Dave3626 Apr 20, 11:05

think like a man.......PLAY THE RESET......besting the lucky one.......@ Local mostly white/latino theatre in Cali! what does this mean? {nm} DASavage Apr 20, 11:33

I patently refuse to wake up at 3. I'm not a masochist. I shall happily make less money. Small price to pay for sleep. {nm} Dave3626 Apr 20, 13:30

You don't actually start seeing trends until about 10 minutes after reset, then stay up to flip at the right time. Otherwise, it's a loss. {nm} arf Apr 20, 14:05

You've been dabbling in the dark art of Reset trading, have you? I'm concerned for your soul. And for my chances of closing the 5M gap ;-) {nm} Dave3626 Apr 20, 15:27

btw I've started using a capital D in my handle. I hope it's not pretentious. {nm} Dave3626 Apr 20, 15:29

That gap will probably be closed this weekend, I always have terrible luck when holding stock on openers. {nm} arf Apr 20, 16:27

Hey what's an "arf" anyway? {nm} Dave3626 Apr 20, 16:30

AR Fifteen / AR-15 Rifle {nm} arf Apr 20, 17:31

Rifles and reset trading. This how Ruby Ridge happened, ya know. {nm} Dave3626 Apr 21, 08:48

Nah, Ruby Ridge was a mess. ATF screwed the pooch on entrapment, by both ATF and FBI admission. {nm} arf Apr 21, 10:19