1) if we open gap up, short any 5 stocks at open, then cover at noon. 1a)if we open gap down, buy any 5 stocks at open, then sell at noon. 2) Go do something till 2:30est. 3)If we opened gap up, at 2:30est, buy any 5 stocks, then sell just before close. 3a)If we opened gap down, at 2:30est, short any 5 stocks, then cover just before close. Class dismissed lol Steve
do you know how many times we gap up at the open,sell off and then make a new high at noon? lots of time. that method will not work.
Oh I know it wouldn't work most of the time - but you get my drift. Wash, rinse, repeat. etc. etc. In sideways markets, usually best to gauge entries and exits based on high / low from previous day or two. Problem is, everyone looking for a break up or down - could happen any time now.
You're insulted? LMAO How about posting something worth reading, like...... How do YOU trade a sideways market?
NoProblem, I am telling you that the market is much bigger than you think and being successful is not only about buy/sell strategies but about psychology, risk management, position sizing, research, etc. If you want to make your strategy work I'd suggest including some of these into it. I don't trade sideways market unless they provide substantial up/down moves. I stick mostly to trending stocks only.
You and me both. My initial post was only tongue-in-cheek. Sideways market driving many folks crazy - especially long term holders. These days, long term might be two days, provided you got a good entry. Sideways frustrates everyone I think.
Market can do whatever it wants whenever it wants. Forget statistics, stick to analyzing it's many different "mood" swings and reacting not predicting its bipolar behavior. Anek