Easy money

Has anyone tried this strategy?

A stock declines by 5% or more ... MOC buy, sell next day close (MOC).


From what I heard this is easy money.

 

Even easier money to just short MOC the day before it drops 5%.

 

Who is it that you heard this from?

nitro

 

Okay ... <--- rolling my eyes

 

mean reversion folks

 

Where are those folks?

nitro

 

Yeah - because a stock that is down over 5% NEVER goes down more the next day. And, I have never heard of one gapping down, either.

But, you need to make sure you take advantage of longs also - a stock rises 5% or more, sell MOC.

Welcome to the club!!!

:eek:

 

Secret elitist traders (note: NOT elite, but elitIST)
j/k pretty much of people i know who call themselves by that term.

 

I would rather sell MOC after the 5% drop and buy back the next day.

 

Hmmmmm,

Well, one way to see is to try it with a 100 shares over 20 stocks that get creamed and see what happens!

Otherwise, this seems like an easy task even for the free version of Wealth-Lab to test.

nitro