Trend is your friend, really ?

Ticketwatcher · Sep 2, 2009

Quote from randy33:

Thanks for sharing.
I understand what you mean and what I am doing is not far apart from you. Couple points of clarification if I may.

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From ticketwatcher:

"...I make MORE money longing stocks which end down for the day and shorting stocks which end up for the day than I do vice versa..."

I take that you mean you bought stock which were down for the day and sell them when they go back up, AND short stocks which were up, but retrace next day or so to take your profit

That makes perfect sense since you are a contrarian. Please confirm if my reading is correct.

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Thanks, you have been great. And please add more input as you feel.
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Exactly, you buy into weakness and sell into strength.

Or in reverse order if you are shorting.

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Trend is your friend, really ?

Ticketwatcher