Type of trades in bottom swing plays are very broad. While some can be day trades, others may take few days, weeks, months or even longer. Some might be fundamental based while others technical. Preferred trades: 1) Stocks in uptrends close to trendlines holding support. 2) Bottom plays that are starting to hold lows after big drops. 3) Good OTC stocks that have a real business with rising revenues, profits and minimal or no dilution. 7) Stocks in uptrends that are poised for big breakout .
I will always post where I enter and the date, also the sell and date. What i won't do is go into any detail on how I find stocks to play or how much I make. This thread to me is more of a journal.. Theres alot of tickers (stocks) I find and write down and never play, sometimes I find way to many that I believe are ready to move that I cannot play them all. I will be mentioning them all here and up dating the price wheather I play them or not.
I try to find plays that trade at least $1.00 up to $15.00 and 750 k shares a day or more. I like them very liquid in order to dump out if i have to..
One of the reasons I play bottom swing plays (as I call Them) Is because I hate setting and watching l2 all day long. If I decided to play one for a one k profit I may buy ten k shares and set my sell .10 higher and go play a round of golf. I hate setting watching l2.. thats why i created my way of trading. Alot of times if I'm not sure I may buy a 3k starter and ad if my bottom call was right. Some times I buy 5k and set a .20 gain and sell.
One thing is for sure I try very hard to never take a loss.I may very well sell way early but its always better than a loss.
I have on occasion bought a stock and sold it the same day because it look like and probably did start to turn dow. (I bought to early) I will then buy the same stock a few days later and make money on it. Again don't ever lose if at all possible.
When I place a stock on watch I really don't check short shares or news, that will all come later if i don't forget. I place them on watch because I found something interesting . I may buy yet that day or I may never buy.