I have to be honest, this isn't a stock that I regularly watch so i never would have caught the move but I saw a post where Ryan Mallory had played it one and I checked it out. I wanted to post it here to show a picture perfect move of my style. It both
Most people don’t typically think of trading dow stocks as day trades. But this one has caught my eye lately. Notice on this trade how you could sell short right after the blue line (which indicates 10am). I usually either use a trailing stop of about 1-2% or I use the 30 day moving average
It's important for me to show you when my "move" doesn't materialize. Chart speaks for itself...
JDSU continues to be a solid gainer for me...a stock that usually moves quick in either direction, which is what I tend to like for fast day-trade gains. Get in after the 10 am mark, get out at the 30 day moving average. Note how you play it again for a 2nd time and double
This is a good example of a selling short that fails, although I say that with a grain of salt. I'm not going to short something JUST because it's showing it on the chart. This stock is already falling off about 4% in 30 minutes, so to keep shorting it after 10 am would be
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