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Posted by: Ramdadof3 on Jan 09, 09:47 in response to JMT's post the new way to play - and make an oldfash7% every week -...

looking at the moviestocks that have gained/lost the most for the day and then buy/short accordingly. That's been working for me lately.

Two things I do:

1. play only 1 long stock and 1 short stock...and as a rule keep the price under $20.

2. do the buy/short as early in the day as possible and then sell/cover when the gain/loss doubles from when I bought/shorted. I never do this after 10AM. If (and sometimes when) my daily pick(s) makes a turn, I sell/cover at the 5% price.

So... (JOE'S MOVIE) is on the top of the daily market watch at 15.00 (+2.50). Under $20, so I buy. When it gets ups to 17.50 (the rise has doubled) or gets down to 14.25 (the turn is at 5%).

Granted this hasn't worked every time; however, I've managed to rebound from red numbers every morning for the last month to the tune of a daily green between $500k and $1mil.

I'd be curious to hear what's working for others who are finishing positive for the day without giving in to the day trading monster.

the new way to play - and make an oldfash7% every week - is probably; Invest in stock you BELIEVE in that recently ipo'd and took a dive JMT Jan 09, 08:41

you might also try... Ramdadof3 Jan 09, 09:47

Well I'm not a day trading monster. scotty Jan 09, 09:54

You've traded over 8 million shares today alone so I find that hard to believe. secretstalker Jan 09, 09:57

you can believe what you like but it was all done in 35 minutes {nm} scotty Jan 09, 10:00

You're trading stocks on your expectation of what they'll do in the next 24 hours, not their long-term. That's a day-trader. RogerMore Jan 09, 11:29

i trade stocks at reset only so I would say that makes me a reset trader {nm} scotty Jan 09, 11:31

I think we need a Venn diagram here {nm} RogerMore Jan 09, 11:55

Wow... the changes don't seem to affect you at all. I tried your method... and still ended in red at the end of the day {nm} JMT Jan 09, 09:57

wasn't calling anyone a monster... Ramdadof3 Jan 09, 09:58

8am fort me in UK {nm} scotty Jan 09, 10:02