Quote from bigsnack:
Absolutely and positively not. I tried this back in the day and got pummeled repeatedly. Maybe there is a strategy there, but I couldn't find it, certainly not with what I am willing to risk per trade.
LOL - glad to know I'm not alone!
When I first got interested in day trading a couple of years ago I was trying to do that. There was a guy I subbed to who really pushed the idea, but I couldn't make it work. Whenever I tried to ask him where I was going wrong I could never get a straight answer out of him, so I dropped the idea and moved on.