Profitable Strategy?

S

sprstpd

Put in a limit buy in pre-market that is 20% above the previous close. If somebody fills you and the stock is being bought out for more than your bid price, you win. Otherwise, you call in for a bust. No losses - only wins! It seems that many people use this strategy.
 
Quote from sprstpd:

Put in a limit buy in pre-market that is 20% above the previous close. If somebody fills you and the stock is being bought out for more than your bid price, you win. Otherwise, you call in for a bust. No losses - only wins! It seems that many people use this strategy.
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Exit at the first tick of profit?
 
Is buying SNIC @ 14.20 on Wednesday sort of like that? It may be different because I get the 20% too. Just curious.

It's at 17.44 now so that is 3% into where you begin. How far does it go after you start?
 
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