Trading strategy on what to do for red and green days
-Long (red day)
-if the market is red on the day, look for the stock that is down the most
-chart it up and find zones (don’t just slap anything)
-make sure it’s not down on bad news because sometimes it might never really bounce back
-Keep it on your radar for the next green day where it should see a nice rally
-Short (red day)
-if the market is red, look for the highest percentage or most over extended stock (they usually fall the hardest)
-chart it up and find zones
-make sure the news or whatever reason it is up isn’t strong to keep it up
-it should fall hard on red days
-Long (Green day)
-now that you have your stock from the previous red days, you should see a rally back strong
-chart it up and find zones
-get in early before the stock takes off
-Short (green day)
-once you have your highest percentage or most over extended stock, keep it on your radar
-wait for that first red day
-chart it up and find zones
-take starters on pops and look to ride it down
•This is a strategy I will use sometimes and it works a lot of the time. When doing this make sure you still follow all your rules when going short and long
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