I have seen how this market is doing. Market rallies hard in the few hours and takes you in a bullish mode. Than around lunch hour it pulls back and than rallies some more and right at 3:00 everything starts crumbling downwards in a tizzy spiral till the last morsel of a stock is sold off. Right around that time the whole screen turns red.
Its called " FADING THE RALLY" a Wallstreet gibberish name for conning the retail investors. Its not that people on Wall street are smarter than you and me, its people are dumb enough and they get taken in time after time. I mean, come on , how many time you can run the same joke and we can laugh? It gets old.
So here is what you can do. When it rallies buy some and scalp a few pennies here and there ( you can't have much more than a $1 or $2 ) and sell sell sell into the strength. Just fade the rallies yourself. Always stay on top, become a day trader otherwise you shouldn't be in the markets at all. The game is just to outwit the other guy. Find any strength and sell, sell sell till you have nothing left to sell. Sell hard and fast and fade yourself into oblivion..
Look at AAPL what a range bound misfit now. There are no buyers, no sellers, just a bunch of piss ass hoarders fighting among themselves up and own few points. Its the same story in many stocks caught underneath 200 day moving averages and fighting for few points up and own all day.
Its called " FADING THE RALLY" a Wallstreet gibberish name for conning the retail investors. Its not that people on Wall street are smarter than you and me, its people are dumb enough and they get taken in time after time. I mean, come on , how many time you can run the same joke and we can laugh? It gets old.
So here is what you can do. When it rallies buy some and scalp a few pennies here and there ( you can't have much more than a $1 or $2 ) and sell sell sell into the strength. Just fade the rallies yourself. Always stay on top, become a day trader otherwise you shouldn't be in the markets at all. The game is just to outwit the other guy. Find any strength and sell, sell sell till you have nothing left to sell. Sell hard and fast and fade yourself into oblivion..
Look at AAPL what a range bound misfit now. There are no buyers, no sellers, just a bunch of piss ass hoarders fighting among themselves up and own few points. Its the same story in many stocks caught underneath 200 day moving averages and fighting for few points up and own all day.
