Trying to profit on the falling knives (oversold stocks & huge pullbacks).
Monday, December 17, 2012
Trade of the day, END!!!
Made a boat load on FARE this morning, but penny stocks are not the way of my strategy bounces, so the trade of the day is END. Bought 1000 shares at 4.95 after a spinning top candlestick bar formed with higher volume on it, and sold it at 5.30 after a gravestone doji candlestick pattern formed for a .35 point gain. This was pretty much an easy basic candlestick strategy bounce. I always love playing these because all of the candlestick signals are at the right place to buy and sell. If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9.