a good trading strategy is this …..

Discussion in 'Technical Analysis' started by Tarzan, Sep 14, 2021 at 6:05 PM.

  1. Tarzan

    Tarzan

    Look for stocks that hold their 50 dma for example. When stocks fall intraday and breach their 50 dma, it usually bounces back to it or above it. Unless its a very strong and precipitous drop due to some bad news, this is a viable intra day trading strategy.
    As always, nothing is fool proof. This has worked for me in the past.
     
    qlai likes this.
  2. faaantastic!
     
    CALLumbus and SPX Options Trader like this.
  3. SunTrader

    SunTrader

    "usually bounces back." Oh I'll take that to the bank.
     
    Handle123 and Collagen like this.
  4. destriero

    destriero

    lol what stock is trading under the 50-day MA?
     
    CALLumbus likes this.
  5. Overnight

    Overnight

    Then explain to me AT&T.

    I bought that POS in Feb of last year as part of a dividend portfolio. The thing has not bounced back, it is still negative PnL per share. How does it's chart look today?

    Craptastic.
     
  6. Tarzan

    Tarzan

    im talking day trades guys..
     
  7. destriero

    destriero

    They are still at risk of a ratings downgrade. My wife retired due to the risk.
     
  8. SunTrader

    SunTrader

    Umm dma is daily moving average.

    Why would you fackin care about a 50 dma on a daytrading basis?
     
  9. Tarzan

    Tarzan

    Take a look at todays action in SNAP and SONO. You think its coincidence that they closed right at the 50 dma … are you serious? Please tell me you are kidding.
    This also applies to the 200 dma..
     
  10. Overnight

    Overnight

    She retired from the stock, or from the company as an employee?