About a year ago I saved a fellow redditor's quote on his trading strategy. It peaked my interest and I wanted to know what you guys thought of his method. Does it seem viable?
I liquidated my positions and used a strategy I can only describe as insane. I completely ignored fundamentals, and focused only on the daily price of the share and the chart. Each day I searched for companies whose stocks were priced under $10 and were on a sharp upward trajectory. I would then buy a large amount of shares, between 25K and 50K worth (double if I was using margin). I held the position for literally seconds or minutes, and then sold. The stocks may have only gone up ten to twenty cents in time I had them, but that earned me $1K or $2K per trade.
Submitted May 22, 2016 at 04:42PM by PeterParkr http://ift.tt/20nMIKU
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