a good trading strategy is this …..

Tarzan

Tarzan

Look for stocks that hold their 50 dma for example. When stocks fall intraday and breach their 50 dma, it usually bounces back to it or above it. Unless its a very strong and precipitous drop due to some bad news, this is a viable intra day trading strategy.
As always, nothing is fool proof. This has worked for me in the past.
 
Tarzan said:
Look for stocks that hold their 50 dma for example. When stocks fall intraday and breach their 50 dma, it usually bounces back to it or above it. Unless its a very strong and precipitous drop due to some bad news, this is a viable intra day trading strategy.
As always, nothing is fool proof. This has worked for me in the past.
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Then explain to me AT&T.

I bought that POS in Feb of last year as part of a dividend portfolio. The thing has not bounced back, it is still negative PnL per share. How does it's chart look today?

Craptastic.
 
Overnight said:
Then explain to me AT&T.

I bought that POS in Feb of last year as part of a dividend portfolio. The thing has not bounced back, it is still negative PnL per share. How does it's chart look today?

Craptastic.
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They are still at risk of a ratings downgrade. My wife retired due to the risk.
 
SunTrader said:
Umm dma is daily moving average.

Why would you fackin care about a 50 dma on a daytrading basis?
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Take a look at todays action in SNAP and SONO. You think its coincidence that they closed right at the 50 dma … are you serious? Please tell me you are kidding.
This also applies to the 200 dma..
 
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